Is Jefferson County, 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 County was a Seller's Market.
Housing Prices in Jefferson County, TN
How much do homes in Jefferson County, TN cost?
Median Sold Price
$317,933
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Jefferson County was $317,933 in March 2024, up 6.2% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67K | $250K | +273.1% |
2 Bedrooms | $200.5K | $192.5K | -4.0% |
3 Bedrooms | $308K | $322.2K | +4.6% |
4 Bedrooms | $394.9K | $350K | -11.4% |
5+ Bedrooms | $372.5K | $360K | -3.4% |
Summary: Jefferson County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 273.1%, 2 bedroom homes decreased by 4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes decreased by 3.4%.
Median Sold Price Compared To Nearby Counties
Jefferson County | $299.3K | $317.9K | +6.2% |
Hamblen County | $276.1K | $280.2K | +1.5% |
Grainger County | $266K | $268K | +0.8% |
Cocke County | $235K | $236K | 0.4% |
Sevier County | $472.2K | $445.2K | -5.7% |
Housing Supply in Jefferson County, TN
How many homes are available in Jefferson County, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
198 | 223 | +12.6% |
Summary: The Jefferson County real estate market had 223 homes for sale in March 2024, a 12.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 25 | 33 | +32.0% |
3 Bedrooms | 128 | 141 | +10.2% |
4 Bedrooms | 31 | 29 | -6.5% |
5+ Bedrooms | 12 | 17 | +41.7% |
Summary: The Jefferson County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 32%, 3 bedroom homes increased by 10.2%, 4 bedroom homes decreased by 6.5%, and 5+ bedroom homes increased by 41.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
27 | 27 | 0.0% |
Asking Price vs. Sold Price
19 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 27 homes were sold or pending in Jefferson County in March 2024, the same as the previous month. Of the 27 sold homes, 70% were sold under asking, 22% were sold at asking, and 7% were sold over asking.
Days on Market for Jefferson County, TN
How long does it take to sell a home in Jefferson County, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
43 Days | 35 Days | -19.1% |
Summary: Homes in Jefferson County had an average of 35 days on market in Mar 2024, down by 19.1% compared to last year.
Breakdown of Home Sale Times
13 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During March 2024, 27 homes were sold in Jefferson County; 48% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.