Is Jefferson City, MO a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jefferson City is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Jefferson City has remained a Seller's Market.

Key Takeaway

Jefferson City is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$9,050(+4.3%)

Key Takeaway

Homes in Jefferson City have sold for 4.3% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $102.5K$113K
+10.2%
2 $136.7K$157.5K
+15.2%
3 $200K$225.5K
+12.8%
4 $239.9K$287.4K
+19.8%
5+ $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
+22.1%
Jefferson Township
+5.3%
Jefferson City
+4.3%
Summit Township
-1.8%

Housing Supply in Jefferson City, MO

How many homes are available in Jefferson City, MO?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4346+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

# BEDSApr 2024May 2024CHANGE
1 11
0.0%
2 45
+25.0%
3 1620
+25.0%
4 1611
-31.3%
5+ 69
+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 2024May 2024CHANGE
817+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jefferson City, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.

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 2023May 2024CHANGE
6 Days22 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Jefferson City are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Jefferson City, MO

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