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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jamestown is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Jamestown was a Seller's Market.

Key Takeaway

Jamestown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Jamestown, TN

How much do homes in Jamestown, TN cost?

Median Sold Price

$245,000

$179/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$10,000(+4.3%)

Key Takeaway

Homes in Jamestown have sold for 4.3% more than they did a year ago.

Summary: The median home sold price in Jamestown was $245,000 in September 2024, up 4.3% from last year, and the median price per square foot was $179.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $131.5K$172.5K
+31.2%
2 $157K$204.9K
+30.5%
3 $266K$275K
+3.4%
4 $232.5K$307.5K
+32.3%
5+ $369K$1.2M
+238.8%

Summary: Jamestown housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 31.2%, 2 bedroom homes increased by 30.5%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 32.3%, and 5+ bedroom homes increased by 238.8%.

Housing Supply in Jamestown, TN

How many homes are available in Jamestown, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
163174+6.7%

Summary: The Jamestown real estate market had 174 homes for sale in September 2024, a 6.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 99
0.0%
2 2732
+18.5%
3 110117
+6.4%
4 1615
-6.3%
5+ 11
0.0%

Summary: The Jamestown housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 18.5%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
1819+5.6%

Asking Price vs. Sold Price

15 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jamestown, you may be able to get a good deal. 78.9% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Jamestown in September 2024, up by 5.6% month-over-month. Of the 19 sold homes, 79% were sold under asking, 11% were sold at asking, and 11% 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

Sep 2023Sep 2024CHANGE
31 Days69 Days+122.6%

Summary: Homes in Jamestown had an average of 69 days on market in Sep 2024, up by 122.6% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

5 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 19 homes were sold in Jamestown; 53% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 26% 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 30 Days Ago

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