Is Jamestown, 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, Jamestown was a Seller's Market.
Housing Prices in Jamestown, TN
How much do homes in Jamestown, TN cost?
Median Sold Price
$245,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Jamestown was $245,000 in May 2024, up 6.5% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $122.5K | $175K | +42.9% |
2 Bedrooms | $148K | $199.9K | +35.1% |
3 Bedrooms | $250K | $259.9K | +4.0% |
4 Bedrooms | $258K | $240K | -7.0% |
5+ Bedrooms | $240K | $1.0M | +326.0% |
Summary: Jamestown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 35.1%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 326%.
Housing Supply in Jamestown, TN
How many homes are available in Jamestown, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
164 | 177 | +7.9% |
Summary: The Jamestown real estate market had 177 homes for sale in May 2024, a 7.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 7 | -12.5% |
2 Bedrooms | 34 | 35 | +2.9% |
3 Bedrooms | 105 | 112 | +6.7% |
4 Bedrooms | 15 | 19 | +26.7% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Jamestown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
23 | 23 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Jamestown in May 2024, the same as the previous month. Of the 23 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% were sold over asking.
Days on Market for Jamestown, TN
How long does it take to sell a home in Jamestown, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
88 Days | 100 Days | +13.5% |
Summary: Homes in Jamestown had an average of 100 days on market in May 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During May 2024, 23 homes were sold in Jamestown; 30% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 52% of homes were sold over 90 days.