Jamestown Real Estate

As of November 2023, the housing market in Jamestown has seen a significant increase in prices, with home values rising by 41.6% compared to the previous year. The median selling price for homes in Jamestown is now at $1.2 million. However, homes are staying on the market longer, with an average selling time of 58 days, compared to just 12 days in the previous year. In terms of sales volume, the market remained steady with 6 homes sold in November this year, matching the number sold in the same month last year.

The housing market in Jamestown is moderately competitive. Typically, homes are sold in about 42 days. It's not uncommon for some properties to receive multiple offers, indicating a healthy level of buyer interest. On average, homes in Jamestown sell for approximately 3% below the listed price and generally go under contract around the 42-day mark. However, homes that are particularly sought-after, often referred to as 'hot homes', may sell for around 1% above the listing price and tend to go under contract much faster, typically in about 21 days. This shows that while the overall market is balanced, there is a segment of properties that are in high demand and can command a premium price and a quicker sale.

Nationally, about 2% of homebuyers are showing interest in moving to Jamestown from outside metropolitan areas. The majority of this interest is coming from New York, with New York-based homebuyers looking to relocate to Jamestown more than any other metropolitan area. Following New York, Hartford and Detroit are the next most common cities from which people are considering a move to Jamestown. This suggests that while the overall external interest in Jamestown's housing market is modest, it's notably attractive to residents of these particular metropolitan areas.