Is Jackson County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Jackson County was a Seller's Market.
Housing Prices in Jackson County, TN
How much do homes in Jackson County, TN cost?
Median Sold Price
$255,000
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jackson County was $255,000 in April 2024, up 30.8% from last year, and the median price per square foot was $164.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $123K | $110K | -10.6% |
2 Bedrooms | $122.4K | $211K | +72.3% |
3 Bedrooms | $211K | $269.9K | +27.9% |
4 Bedrooms | $382K | $302.4K | -20.8% |
5+ Bedrooms | $365K | $110K | -69.9% |
Summary: Jackson County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 10.6%, 2 bedroom homes increased by 72.3%, 3 bedroom homes increased by 27.9%, 4 bedroom homes decreased by 20.8%, and 5+ bedroom homes decreased by 69.9%.
Median Sold Price Compared To Nearby Counties
Jackson County | $195K | $255K | +30.8% |
Overton County | $260K | $268.4K | +3.3% |
Putnam County | $319.6K | $329.7K | +3.1% |
Smith County | $291.6K | $300K | +2.9% |
Clay County | $325.2K | $242K | -25.6% |
Housing Supply in Jackson County, TN
How many homes are available in Jackson County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
46 | 47 | +2.2% |
Summary: The Jackson County real estate market had 47 homes for sale in April 2024, a 2.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 3 | -25.0% |
2 Bedrooms | 16 | 18 | +12.5% |
3 Bedrooms | 20 | 18 | -10.0% |
4 Bedrooms | 6 | 8 | +33.3% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Jackson County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes increased by 12.5%, 3 bedroom homes decreased by 10%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Jackson County in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.
Days on Market for Jackson County, TN
How long does it take to sell a home in Jackson County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 67 Days | +77.2% |
Summary: Homes in Jackson County had an average of 67 days on market in Apr 2024, up by 77.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Jackson County; 33% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.