Is Jefferson City, MO 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, Jefferson City has remained a Seller's Market.
Housing Prices in Jefferson City, MO
How much do homes in Jefferson City, MO cost?
Median Sold Price
$219,000
$123/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jefferson City was $219,000 in May 2024, up 4.3% from last year, and the median price per square foot was $123.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $102.5K | $113K | +10.2% |
2 Bedrooms | $136.7K | $157.5K | +15.2% |
3 Bedrooms | $200K | $225.5K | +12.8% |
4 Bedrooms | $239.9K | $287.4K | +19.8% |
5+ Bedrooms | $289.7K | $370K | +27.7% |
Summary: Jefferson City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.2%, 2 bedroom homes increased by 15.2%, 3 bedroom homes increased by 12.8%, 4 bedroom homes increased by 19.8%, and 5+ bedroom homes increased by 27.7%.
Median Sold Price Compared To Nearby Cities
Liberty Township | $230K | $280.7K | +22.1% |
Jefferson Township | $208K | $219K | +5.3% |
Jefferson City | $209.9K | $219K | +4.3% |
Summit Township | $277.5K | $272.5K | -1.8% |
Housing Supply in Jefferson City, MO
How many homes are available in Jefferson City, MO?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 46 | +7.0% |
Summary: The Jefferson City real estate market had 46 homes for sale in May 2024, a 7.0% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 4 | 5 | +25.0% |
3 Bedrooms | 16 | 20 | +25.0% |
4 Bedrooms | 16 | 11 | -31.3% |
5+ Bedrooms | 6 | 9 | +50.0% |
Summary: The Jefferson City 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 increased by 25%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 31.3%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
8 | 17 | +112.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 17 homes were sold or pending in Jefferson City in May 2024, up by 112.5% month-over-month. Of the 13 sold homes, 31% were sold under asking, 15% were sold at asking, and 54% were sold over asking.
Days on Market for Jefferson City, MO
How long does it take to sell a home in Jefferson City, MO?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
6 Days | 22 Days | +266.3% |
Summary: Homes in Jefferson City had an average of 22 days on market in May 2024, up by 266.3% compared to last year.
Breakdown of Home Sale Times
14 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During May 2024, 17 homes were sold in Jefferson City; 82% of homes were sold within 30 days, 12% of homes were sold within 30 to 90 days, and 6% of homes were sold over 90 days.