Is Jasper, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Jasper was a Seller's Market.
Housing Prices in Jasper, TN
How much do homes in Jasper, TN cost?
Median Sold Price
$324,000
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Jasper was $324,000 in March 2024, up 39.7% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $280K | +80.6% |
2 Bedrooms | $366.2K | $132K | -64.0% |
3 Bedrooms | $225K | $294K | +30.7% |
4 Bedrooms | $283.4K | $415K | +46.4% |
5+ Bedrooms | $419K | $919K | +119.3% |
Summary: Jasper housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 80.6%, 2 bedroom homes decreased by 64%, 3 bedroom homes increased by 30.7%, 4 bedroom homes increased by 46.4%, and 5+ bedroom homes increased by 119.3%.
Housing Supply in Jasper, TN
How many homes are available in Jasper, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
55 | 61 | +10.9% |
Summary: The Jasper real estate market had 61 homes for sale in March 2024, a 10.9% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 10 | 14 | +40.0% |
3 Bedrooms | 34 | 36 | +5.9% |
4 Bedrooms | 8 | 8 | 0.0% |
5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Jasper housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 40%, 3 bedroom homes increased by 5.9%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
7 | 6 | -14.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Jasper in March 2024, down by 14.3% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Jasper, TN
How long does it take to sell a home in Jasper, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
8 Days | 179 Days | +1965.4% |
Summary: Homes in Jasper had an average of 179 days on market in Mar 2024, up by 1965.4% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During March 2024, 6 homes were sold in Jasper; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.