Is Jasper, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Jasper was a Seller's Market.
Housing Prices in Jasper, TN
How much do homes in Jasper, TN cost?
Median Sold Price
$310,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jasper was $310,000 in May 2024, up 24% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $280K | +80.6% |
2 Bedrooms | $217.5K | $237.5K | +9.2% |
3 Bedrooms | $247.5K | $290K | +17.2% |
4 Bedrooms | $265.5K | $427.5K | +61.0% |
5+ Bedrooms | $460K | $919K | +99.8% |
Summary: Jasper housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.6%, 2 bedroom homes increased by 9.2%, 3 bedroom homes increased by 17.2%, 4 bedroom homes increased by 61%, and 5+ bedroom homes increased by 99.8%.
Housing Supply in Jasper, TN
How many homes are available in Jasper, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
64 | 62 | -3.1% |
Summary: The Jasper real estate market had 62 homes for sale in May 2024, a 3.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 9 | 8 | -11.1% |
3 Bedrooms | 37 | 37 | 0.0% |
4 Bedrooms | 16 | 15 | -6.3% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Jasper housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 11.1%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
10 | 8 | -20.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 8 homes were sold or pending in Jasper in May 2024, down by 20.0% month-over-month. Of the 8 sold homes, 75% were sold under asking, 0% were sold at asking, and 25% were sold over asking.
Days on Market for Jasper, TN
How long does it take to sell a home in Jasper, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
99 Days | 8 Days | -91.4% |
Summary: Homes in Jasper had an average of 8 days on market in May 2024, down by 91.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 8 homes were sold in Jasper; 25% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.