Uncategorized February 3, 2023

Market Snapshot for Jefferson County, MO January 2023

In Jefferson County, MO, the Hot Seller’s Market of 2022 is still showing signs of cooling down. When will it hit bottom and turn into a buyer’s market? That’s a good question.

So how is the Jefferson County, MO real estate market doing? To answer that question here is a market snapshot.

  • The average sales price has declined by four percent – showing sellers may be accepting less for their homes
  • The average list price has increased by four percent – showing sellers are still hopeful to cash out
  • The number of properties that sold (the snapshot shows only SFH – Single Family Homes) has dropped by a whopping THIRTY percent. May be indicative of the higher mortgage interest rates pushing some potential home buyers out of the market.
  • The average days on market is increasing by thirty-eight percent. Again showing less buyer interest or ability to purchase the homes currently on the market.
  • The number of properties for sale has declined by fifteen percent. This may be a seasonal trend with few homes typically listed in the fourth quarter.
Real Estate Market Snapshot for Jefferson County, MO January 2023

Market performance snapshot for Jefferson County, MO

About the post – Based on information from Mid America Regional Information Systems.

For property type(s) Single Family in the price range $0 – $999,999,999 for the period Oct 2022 – Jan 2023.

Jan 2023 stats are compared to previous 3 months’ average.

Source data is deemed reliable but not guaranteed.