Is Jackson County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jackson County is a buyer's market

Buyer's
Market

Difference Since May 2023

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

Key Takeaway

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

Housing Prices in Jackson County, TN

How much do homes in Jackson County, TN cost?

Median Sold Price

$249,950

$163/sqft

Based on all homes sold in the last 12 months.

Difference Since May 2023

+$54,950(+28.2%)

Key Takeaway

Homes in Jackson County have sold for 28.2% more than they did a year ago.

Summary: The median home sold price in Jackson County was $249,950 in May 2024, up 28.2% from last year, and the median price per square foot was $163.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $123K$110K
-10.6%
2 $122.4K$211K
+72.3%
3 $217.8K$265K
+21.7%
4 $394.5K$302.4K
-23.3%
5+ $235K$110K
-53.2%

Summary: Jackson County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes increased by 72.3%, 3 bedroom homes increased by 21.7%, 4 bedroom homes decreased by 23.3%, and 5+ bedroom homes decreased by 53.2%.

Median Sold Price Compared To Nearby Counties

Jackson County
+28.2%
Overton County
+14.6%
Putnam County
+2.9%
Smith County
+2.8%
Clay County
-2.0%

Housing Supply in Jackson County, TN

How many homes are available in Jackson County, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4345+4.7%

Summary: The Jackson County real estate market had 45 homes for sale in May 2024, a 4.7% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 33
0.0%
2 1718
+5.9%
3 1718
+5.9%
4 66
0.0%
5+ 00
0.0%

Summary: The Jackson County 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 increased by 5.9%, 3 bedroom homes increased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Apr 2024May 2024CHANGE
65-16.7%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jackson County, you may be able to get a good deal. 80% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Jackson County in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.

Days on Market for Jackson County, TN

How long does it take to sell a home in Jackson County, TN?

Average Sale Time

May 2023May 2024CHANGE
101 Days24 Days-75.5%

Summary: Homes in Jackson County had an average of 24 days on market in May 2024, down by 75.5% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 5 homes were sold in Jackson County; 60% of homes were sold within 30 days, 40% 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

Newest Listings in Jackson County, TN

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What housing markets are near Jackson County, TN?