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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jacksboro is a seller's market

Buyer's
Market

Difference Since October 2023

At the same time last year, Jacksboro was a Buyer's Market.

Key Takeaway

Jacksboro is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Jacksboro, TN

How much do homes in Jacksboro, TN cost?

Median Sold Price

$304,000

$197/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,250(+12.7%)

Key Takeaway

Homes in Jacksboro have sold for 12.7% more than they did a year ago.

Summary: The median home sold price in Jacksboro was $304,000 in October 2024, up 12.7% from last year, and the median price per square foot was $197.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $110K$106K
-3.6%
2 $164.5K$205K
+24.6%
3 $265K$276K
+4.2%
4 $455K$409K
-10.1%
5+ $525K$808K
+53.9%

Summary: Jacksboro housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.6%, 2 bedroom homes increased by 24.6%, 3 bedroom homes increased by 4.2%, 4 bedroom homes decreased by 10.1%, and 5+ bedroom homes increased by 53.9%.

Median Sold Price Compared To Nearby Cities

La Follette
+20.9%
Jacksboro
+12.7%

Housing Supply in Jacksboro, TN

How many homes are available in Jacksboro, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
3937-5.1%

Summary: The Jacksboro real estate market had 37 homes for sale in October 2024, a 5.1% decrease compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 64
-33.3%
3 2222
0.0%
4 68
+33.3%
5+ 53
-40.0%

Summary: The Jacksboro housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes decreased by 40%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
97-22.2%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jacksboro, expect to pay close to the asking price. 57.1% of homes here sold near the asking price last month.

Summary: A total of 7 homes were sold or pending in Jacksboro in October 2024, down by 22.2% month-over-month. Of the 7 sold homes, 43% were sold under asking, 57% were sold at asking, and 0% were sold over asking.

Days on Market for Jacksboro, TN

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

Average Sale Time

Oct 2023Oct 2024CHANGE
34 Days21 Days-36.6%

Summary: Homes in Jacksboro had an average of 21 days on market in Oct 2024, down by 36.6% compared to last year.

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During October 2024, 7 homes were sold in Jacksboro; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% 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 20 Days Ago

Newest Listings in Jacksboro, TN

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