Is Jackson, VA a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Jackson has remained a Seller's Market.
Housing Prices in Jackson, VA
How much do homes in Jackson, VA cost?
Median Sold Price
$389,500
$241/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jackson was $389,500 in May 2024, up 11.3% from last year, and the median price per square foot was $241.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $210K | N/A |
2 Bedrooms | $392.5K | $235K | -40.1% |
3 Bedrooms | $307.5K | $374.9K | +21.9% |
4 Bedrooms | $504.9K | $545K | +7.9% |
5+ Bedrooms | $1.9M | $1.2M | -36.3% |
Summary: Jackson housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 40.1%, 3 bedroom homes increased by 21.9%, 4 bedroom homes increased by 7.9%, and 5+ bedroom homes decreased by 36.3%.
Median Sold Price Compared To Nearby Cities
Cuckoo | $380.7K | $450.3K | +18.3% |
Montpelier | $418K | $480K | +14.8% |
Jackson | $350K | $389.5K | +11.3% |
Mountain Road | $350K | $382.1K | +9.2% |
Bumpass | $375K | $397.4K | +6.0% |
Housing Supply in Jackson, VA
How many homes are available in Jackson, VA?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
76 | 85 | +11.8% |
Summary: The Jackson real estate market had 85 homes for sale in May 2024, a 11.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 42 | 44 | +4.8% |
4 Bedrooms | 21 | 30 | +42.9% |
5+ Bedrooms | 12 | 11 | -8.3% |
Summary: The Jackson housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 42.9%, and 5+ bedroom homes decreased by 8.3%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
14 | 21 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Summary: A total of 21 homes were sold or pending in Jackson in May 2024, up by 50.0% month-over-month. Of the 21 sold homes, 38% were sold under asking, 19% were sold at asking, and 43% were sold over asking.
Days on Market for Jackson, VA
How long does it take to sell a home in Jackson, VA?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
46 Days | 31 Days | -32.4% |
Summary: Homes in Jackson had an average of 31 days on market in May 2024, down by 32.4% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
6 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 21 homes were sold in Jackson; 62% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 5% of homes were sold over 90 days.