Is Jackson, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, Jackson was a Seller's Market.
Key Takeaway
Jackson is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Jackson, TN
How much do homes in Jackson, TN cost?
Median Sold Price
$207,500
$106/sqft
Based on all homes sold in June 2024.
Difference Since Last Month
Key Takeaway
Homes in Jackson have sold for 6.7% more than they did a month ago.
Summary: The median home sold price in Jackson was $207,500 in June 2024, up 6.7% from last month, and the median price per square foot was $106.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $30K | $140K | +366.7% |
| 3 Bedrooms | $189K | $207.5K | +9.8% |
| 4 Bedrooms | $459.9K | $271.5K | -41.0% |
| 5+ Bedrooms | $1.6M | $315K | -80.3% |
Summary: Jackson housing prices by bedroom type for June 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 366.7%, 3 bedroom homes increased by 9.8%, 4 bedroom homes decreased by 41%, and 5+ bedroom homes decreased by 80.3%.
Housing Supply in Jackson, TN
How many homes are available in Jackson, TN?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 57 | 53 | -7.0% |
Summary: The Jackson real estate market had 53 homes for sale in June 2024, a 7.0% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 9 | 7 | -22.2% |
| 3 Bedrooms | 26 | 27 | +3.8% |
| 4 Bedrooms | 9 | 9 | 0.0% |
| 5+ Bedrooms | 13 | 10 | -23.1% |
Summary: The Jackson housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 22.2%, 3 bedroom homes increased by 3.8%, 4 bedroom homes remained the same, and 5+ bedroom homes decreased by 23.1%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Jackson, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Jackson in June 2024, down by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% were sold over asking.
Days on Market for Jackson, TN
How long does it take to sell a home in Jackson, TN?
Average Sale Time
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 29 Days | 36 Days | +23.7% |
Summary: Homes in Jackson had an average of 36 days on market in Jun 2024, up by 23.7% compared to last month.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Jackson are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 8 homes were sold in Jackson; 38% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.