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 October 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

$242,500

$173/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

-$2,500(-1.0%)

Key Takeaway

Homes in Jackson County have sold for 1% less than they did a year ago.

Summary: The median home sold price in Jackson County was $242,500 in October 2024, down 1% from last year, and the median price per square foot was $173.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 $110.5K$129K
+16.7%
2 $146.2K$215K
+47.0%
3 $275K$265K
-3.6%
4 $410.9K$359K
-12.6%
5+ $75K$145K
+93.3%

Summary: Jackson County housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.7%, 2 bedroom homes increased by 47%, 3 bedroom homes decreased by 3.6%, 4 bedroom homes decreased by 12.6%, and 5+ bedroom homes increased by 93.3%.

Median Sold Price Compared To Nearby Counties

Overton County
+24.4%
Putnam County
+9.1%
Smith County
+7.7%
Jackson County
-1.0%
Clay County
-31.4%

Housing Supply in Jackson County, TN

How many homes are available in Jackson County, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
5053+6.0%

Summary: The Jackson County real estate market had 53 homes for sale in October 2024, a 6.0% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 23
+50.0%
2 1918
-5.3%
3 2326
+13.0%
4 66
0.0%
5+ 00
0.0%

Summary: The Jackson County housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 5.3%, 3 bedroom homes increased by 13%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
37+133.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were 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. 85.7% of homes here sold below asking price last month.

Summary: A total of 7 homes were sold or pending in Jackson County in October 2024, up by 133.3% month-over-month. Of the 7 sold homes, 86% were sold under asking, 14% were sold at asking, and 0% 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

Oct 2023Oct 2024CHANGE
30 Days101 Days+234.9%

Summary: Homes in Jackson County had an average of 101 days on market in Oct 2024, up by 234.9% compared to last year.

Breakdown of Home Sale Times

3 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

3 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 October 2024, 7 homes were sold in Jackson County; 43% of homes were sold within 30 days, 14% of homes were sold within 30 to 90 days, and 43% 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 Jackson County, TN

Nearby Markets to Jackson County, TN

What housing markets are near Jackson County, TN?