The Long & Foster Market Minute

FOCUS ON: JEFFERSON COUNTY HOUSING MARKET MARCH 2025

Units Sold
90
Active Inventory
234
Median Sale Price
$399,990
Days On Market
28
Up 7%
Vs. Year Ago
Up 11%
Vs. Year Ago
Down -5%
Vs. Year Ago
Down -26%
Vs. Year Ago

Units Sold
The number of units sold remained stable in March, with 90 sold this month in Jefferson County Real Estate. This month's total units sold was higher than at this time last year, an increase of 14% versus March 2024.

Active Inventory
Versus last year, the total number of homes available this month is higher by 23 units or 11%. The total number of active inventory this March was 234 compared to 211 in March 2024. This month's total of 234 is higher than the previous month's total supply of available inventory of 230, an increase of 2%.

Median Sale Price
Last March, the median sale price for Jefferson County Homes was $419,495. This March, the median sale price was $399,990, a decrease of 5% or $19,505 compared to last year. The current median sold price is 12% higher than in February.

Median sale price is the middle sale price in a given month. The same number of properties are above & below the median.


New Listings
126
Current Contracts
110
Sold Vs. List Price
98.8%
Months of Supply
2.6
Down -14%
Vs. Year Ago
Down -4%
Vs. Year Ago
Down -0.8%
Vs. Year Ago
No Change
Vs. Year Ago

Months of Supply
In March, there was 2.6 months of supply available in Jefferson County. The amount of supply is similar compared to a year ago.

Months of supply is calculated by dividing current inventory by current sales. It indicates how many months would be needed to sell all of the inventory available at the current rate of demand.

New Listings & Current Contracts
This month there were 126 homes newly listed for sale in Jefferson County compared to 147 in March 2024, a decrease of 14%. There were 110 current contracts pending sale this March compared to 114 a year ago. The number of current contracts is 4% lower than last March.

Sale Price to List Price Ratio
In March, the average sale price in Jefferson County was 98.8% of the average list price, which is 0.8% lower than at this time last year.

Days on Market
This month, the average number of days on market was 28, lower than the average last year, which was 38, a decrease of 26%.

The Long & Foster Market Minute
*Detached, Attached, and Condo varies by local area Multiple Listing Service (MLS) definition. For more information regarding your specific market, contact one of Long & Foster's knowledgeable and experienced sales associates.
REALTOR, Equal Opportunity HousingInformation included in this report is based on data supplied by BRIGHTMLS and its member Association(s) of REALTORS, who are not responsible for its accuracy. Does not reflect all activity in the marketplace. Information contained in this report is deemed reliable but not guaranteed, should be independently verified, and does not constitute an opinion of BRIGHTMLS or Long & Foster Real Estate, Inc.