The median price of homes sold in Jefferson County during the past 12-months was $179,900, an increase of 6.83% from the prior 12-month period when the median price was $168,400. As the STL Market Report (an exclusive report available only from MORE, REALTORS®) shows, home sales declined slightly (1%) during the same period and the inventory remains low with a listing supply of just 2.74 months.
As the STL Market Chart at the bottom illustrates (also exclusively available only from MORE, REALTORS®), home prices in Jefferson County have had the normal, seasonal, fluctuations but have been steadily trending upward over the past five years. Home prices peaked early in the spring season in May of this year at $205,000 and have been slipping into the normal “winter lull” and will continue to slide until sometime between December and February when they typically bottom out. Last year, home prices peaked in July then fell 9.5% by September and this year Jefferson County home prices have fallen just over 10% since peaking in May. I expect home prices in Jefferson County to continue their upward trend albeit at a lower rate of appreciation than we have seen recently.
[xyz-ips snippet=”Jefferson-County-For-Sale-and-Open-Houses”]
Jefferson County Market Report
(click on report for current report)
Jefferson County Median Home Prices- Past 5 Years
(click on chart for live, interactive chart)
