Is Jefferson City, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Jefferson City has remained a Seller's Market.
Housing Prices in Jefferson City, TN
How much do homes in Jefferson City, TN cost?
Median Sold Price
$299,900
$164/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Jefferson City was $299,900 in April 2024, up 9.1% 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 | $25K | - | N/A |
2 Bedrooms | $184K | $180.9K | -1.7% |
3 Bedrooms | $262.3K | $300K | +14.4% |
4 Bedrooms | $309.9K | $299.9K | -3.2% |
5+ Bedrooms | $335K | $338.8K | +1.2% |
Summary: Jefferson City housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 1.7%, 3 bedroom homes increased by 14.4%, 4 bedroom homes decreased by 3.2%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
New Market | $310K | $368K | +18.7% |
Jefferson City | $274.9K | $299.9K | +9.1% |
Dandridge | $340.1K | $350K | +2.9% |
Talbott | $282.6K | $290.6K | +2.8% |
Morristown | $265.1K | $270K | +1.8% |
Housing Supply in Jefferson City, TN
How many homes are available in Jefferson City, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
49 | 52 | +6.1% |
Summary: The Jefferson City real estate market had 52 homes for sale in April 2024, a 6.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 5 | 3 | -40.0% |
3 Bedrooms | 28 | 38 | +35.7% |
4 Bedrooms | 9 | 4 | -55.6% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Jefferson City housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes increased by 35.7%, 4 bedroom homes decreased by 55.6%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
10 | 16 | +60.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 16 homes were sold or pending in Jefferson City in April 2024, up by 60.0% month-over-month. Of the 16 sold homes, 69% were sold under asking, 6% were sold at asking, and 25% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
74 Days | 53 Days | -28.8% |
Summary: Homes in Jefferson City had an average of 53 days on market in Apr 2024, down by 28.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Summary: During April 2024, 16 homes were sold in Jefferson City; 50% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.