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North Jefferson County News

Friday, November 15, 2024

Jefferson County home prices remained unchanged in Q3 2023

Realestate077

The median sale price of a home sold in the third quarter of 2023 in Jefferson County was unchanged, while total sales decreased by 39.7%, according to BlockShopper.com.

From July through September of 2023, 808 homes were sold in the county, with sale prices around $575,000. This median price remained the same as during the same period in 2022, when there were 1,341 homes sold.

The U.S. housing market has soared in recent years, with its total value nearing $50 trillion in 2024. This is almost five times greater than the market's value in 2000.

“The value of America’s housing market will likely cross the $50 trillion threshold in the next 12 months as there are not enough homes being listed to push prices down,” said Redfin Economics Research Lead Chen Zhao.

The following histogram displays changes in median sales prices in Jefferson County from July 2022 to September 2023.

Q3 2022Q4 2022Q1 2023Q2 2023Q3 2023$575,000$575,000$555,000$555,000$545,250$545,250$590,000$590,000$575,000$575,000

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