Is Jefferson City, 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, Jefferson City was a Neutral Market.
Housing Prices in Jefferson City, TN
How much do homes in Jefferson City, TN cost?
Median Sold Price
$299,900
$162/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Jefferson City was $299,900 in March 2024, up 13.2% from last year, and the median price per square foot was $162.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $25K | - | N/A |
2 Bedrooms | $192.5K | $179.9K | -6.5% |
3 Bedrooms | $259.9K | $298.7K | +15.0% |
4 Bedrooms | $309.9K | $299.9K | -3.2% |
5+ Bedrooms | $335K | $332.1K | -0.8% |
Summary: Jefferson City housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 6.5%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes decreased by 0.8%.
Median Sold Price Compared To Nearby Cities
Jefferson City | $265K | $299.9K | +13.2% |
New Market | $310K | $327.2K | +5.6% |
Talbott | $282.9K | $289.7K | +2.4% |
Morristown | $265.1K | $269.9K | +1.8% |
Dandridge | $349K | $349.9K | 0.3% |
Housing Supply in Jefferson City, TN
How many homes are available in Jefferson City, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
42 | 46 | +9.5% |
Summary: The Jefferson City real estate market had 46 homes for sale in March 2024, a 9.5% 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 | 8 | 9 | +12.5% |
3 Bedrooms | 21 | 22 | +4.8% |
4 Bedrooms | 8 | 9 | +12.5% |
5+ Bedrooms | 5 | 6 | +20.0% |
Summary: The Jefferson City 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 12.5%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 12.5%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
6 | 10 | +66.7% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Jefferson City in March 2024, up by 66.7% month-over-month. Of the 10 sold homes, 90% were sold under asking, 10% were sold at asking, and 0% were sold over asking.
Days on Market for Jefferson City, TN
How long does it take to sell a home in Jefferson City, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
31 Days | 36 Days | +14.2% |
Summary: Homes in Jefferson City had an average of 36 days on market in Mar 2024, up by 14.2% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 10 homes were sold in Jefferson City; 60% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.