Is Jackson County, 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, Jackson County was a Seller's Market.
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
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
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $123K | $110K | -10.6% |
2 Bedrooms | $122.4K | $211K | +72.3% |
3 Bedrooms | $217.8K | $265K | +21.7% |
4 Bedrooms | $394.5K | $302.4K | -23.3% |
5+ Bedrooms | $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 | $195K | $249.9K | +28.2% |
Overton County | $240K | $275K | +14.6% |
Putnam County | $320K | $329.3K | +2.9% |
Smith County | $291.8K | $299.9K | +2.8% |
Clay County | $250K | $245K | -2.0% |
Housing Supply in Jackson County, TN
How many homes are available in Jackson County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
43 | 45 | +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
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 17 | 18 | +5.9% |
3 Bedrooms | 17 | 18 | +5.9% |
4 Bedrooms | 6 | 6 | 0.0% |
5+ Bedrooms | 0 | 0 | 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 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -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
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 2023 | May 2024 | CHANGE |
---|---|---|
101 Days | 24 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
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.