Is Jasper, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jasper is a buyer's market

Buyer's
Market

Difference Since May 2023

At the same time last year, Jasper was a Seller's Market.

Key Takeaway

Jasper is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

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

+$60,000(+24.0%)

Key Takeaway

Homes in Jasper have sold for 24% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $155K$280K
+80.6%
2 $217.5K$237.5K
+9.2%
3 $247.5K$290K
+17.2%
4 $265.5K$427.5K
+61.0%
5+ $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 2024May 2024CHANGE
6462-3.1%

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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 98
-11.1%
3 3737
0.0%
4 1615
-6.3%
5+ 22
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 2024May 2024CHANGE
108-20.0%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jasper, you may be able to get a good deal. 75% of homes here sold below asking price last month.

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 2023May 2024CHANGE
99 Days8 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Jasper are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

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