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South Jefferson County News

Thursday, November 21, 2024

Jefferson County home prices rose in 2022

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The median sale price of a home sold in 2022 in Jefferson County rose by $54,650, while total sales increased by 26.2%, according to BlockShopper.com.

Throughout 2022, 5,021 homes were sold in the county, with a median sale price of $580,000. This is a 10.4% increase over the $525,350 median sale price during the same period in 2021, when there were 3,980 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 January 2021 to December 2022.

20212022$525,350$525,350$580,000$580,000

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