Is Jack Jouett, 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, Jack Jouett has remained a Seller's Market.
Key Takeaway
Jack Jouett is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Jack Jouett, VA
How much do homes in Jack Jouett, VA cost?
Median Sold Price
$415,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jack Jouett have sold for 17% less than they did a year ago.
Summary: The median home sold price in Jack Jouett was $415,000 in May 2024, down 17% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $130K | $170K | +30.8% |
| 2 Bedrooms | $195K | $214.2K | +9.9% |
| 3 Bedrooms | $425K | $399K | -6.1% |
| 4 Bedrooms | $720K | $631.2K | -12.3% |
| 5+ Bedrooms | $1.7M | $1.8M | +4.3% |
Summary: Jack Jouett housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 30.8%, 2 bedroom homes increased by 9.9%, 3 bedroom homes decreased by 6.1%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Charlottesville | $467K | $512K | +9.6% |
| Rio | $450.5K | $452.3K | 0.4% |
| Jack Jouett | $500K | $415K | -17.0% |
Housing Supply in Jack Jouett, VA
How many homes are available in Jack Jouett, VA?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 43 | 41 | -4.7% |
Summary: The Jack Jouett real estate market had 41 homes for sale in May 2024, a 4.7% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 5 | 6 | +20.0% |
| 2 Bedrooms | 15 | 12 | -20.0% |
| 3 Bedrooms | 10 | 12 | +20.0% |
| 4 Bedrooms | 7 | 5 | -28.6% |
| 5+ Bedrooms | 6 | 6 | 0.0% |
Summary: The Jack Jouett housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 20%, 4 bedroom homes decreased by 28.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 11 | 13 | +18.2% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
7 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jack Jouett, you could pay more than the asking price. 53.8% of homes here sold above asking price last month.
Summary: A total of 13 homes were sold or pending in Jack Jouett in May 2024, up by 18.2% month-over-month. Of the 13 sold homes, 38% were sold under asking, 8% were sold at asking, and 54% were sold over asking.
Days on Market for Jack Jouett, VA
How long does it take to sell a home in Jack Jouett, VA?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 21 Days | +47.5% |
Summary: Homes in Jack Jouett had an average of 21 days on market in May 2024, up by 47.5% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Jack Jouett are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Jack Jouett; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.
