Is Jefferson County, NY a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Jefferson County was a Seller's Market.
Key Takeaway
Jefferson County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jefferson County, NY
How much do homes in Jefferson County, NY cost?
Median Sold Price
$205,893
$126/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Jefferson County have sold for 3.1% more than they did a year ago.
Summary: The median home sold price in Jefferson County was $205,893 in April 2024, up 3.1% from last year, and the median price per square foot was $126.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $123.7K | $142K | +14.7% |
| 2 Bedrooms | $145K | $160K | +10.3% |
| 3 Bedrooms | $196.1K | $205K | +4.5% |
| 4 Bedrooms | $225.7K | $234.2K | +3.8% |
| 5+ Bedrooms | $289.9K | $212K | -26.9% |
Summary: Jefferson County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 14.7%, 2 bedroom homes increased by 10.3%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 3.8%, and 5+ bedroom homes decreased by 26.9%.
Median Sold Price Compared To Nearby Counties
| Oswego County | $159.2K | $171.1K | +7.5% |
| Jefferson County | $199.7K | $205.8K | +3.1% |
| Lewis County | $169.7K | $166.5K | -1.9% |
Housing Supply in Jefferson County, NY
How many homes are available in Jefferson County, NY?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 449 | 475 | +5.8% |
Summary: The Jefferson County real estate market had 475 homes for sale in April 2024, a 5.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 6 | +100.0% |
| 2 Bedrooms | 55 | 50 | -9.1% |
| 3 Bedrooms | 181 | 180 | -0.6% |
| 4 Bedrooms | 132 | 149 | +12.9% |
| 5+ Bedrooms | 78 | 90 | +15.4% |
Summary: The Jefferson County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes increased by 12.9%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 83 | 56 | -32.5% |
Asking Price vs. Sold Price
30 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jefferson County, you may be able to get a good deal. 53.6% of homes here sold below asking price last month.
Summary: A total of 56 homes were sold or pending in Jefferson County in April 2024, down by 32.5% month-over-month. Of the 56 sold homes, 54% were sold under asking, 16% were sold at asking, and 30% were sold over asking.
Days on Market for Jefferson County, NY
How long does it take to sell a home in Jefferson County, NY?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 38 Days | -14.1% |
Summary: Homes in Jefferson County had an average of 38 days on market in Apr 2024, down by 14.1% compared to last year.
Breakdown of Home Sale Times
36 Homes Were Sold
Under 30 Days
9 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Jefferson County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 56 homes were sold in Jefferson County; 64% of homes were sold within 30 days, 16% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
Listings courtesy of OneKey MLS as distributed by MLS GRID.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.