Is Jefferson County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Jefferson County is a seller's market

Buyer's
Market

Difference Since April 2023

Since last year, Jefferson County has remained a Seller's Market.

Key Takeaway

Jefferson County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Jefferson County, TN

How much do homes in Jefferson County, TN cost?

Median Sold Price

$325,000

$183/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2023

+$24,043(+8.0%)

Key Takeaway

Homes in Jefferson County have sold for 8% more than they did a year ago.

Summary: The median home sold price in Jefferson County was $325,000 in April 2024, up 8% from last year, and the median price per square foot was $183.

Median Sold Price By Bedroom Count

# BEDSApr 2023Apr 2024CHANGE
1 $67K$250K
+273.1%
2 $200K$200.2K
0.1%
3 $310K$326.5K
+5.3%
4 $403.2K$365K
-9.5%
5+ $403.5K$385K
-4.6%

Summary: Jefferson County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 273.1%, 2 bedroom homes increased by 0.1%, 3 bedroom homes increased by 5.3%, 4 bedroom homes decreased by 9.5%, and 5+ bedroom homes decreased by 4.6%.

Median Sold Price Compared To Nearby Counties

Jefferson County
+8.0%
Cocke County
+4.3%
Hamblen County
+2.3%
Grainger County
+2.0%
Sevier County
-2.7%

Housing Supply in Jefferson County, TN

How many homes are available in Jefferson County, TN?

Number of Homes For Sale

Mar 2024Apr 2024CHANGE
236248+5.1%

Summary: The Jefferson County real estate market had 248 homes for sale in April 2024, a 5.1% increase compared to March 2024.

Homes For Sale By Bedroom Count

# BEDSMar 2024Apr 2024CHANGE
1 33
0.0%
2 3133
+6.5%
3 150169
+12.7%
4 3730
-18.9%
5+ 1513
-13.3%

Summary: The Jefferson County 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 increased by 6.5%, 3 bedroom homes increased by 12.7%, 4 bedroom homes decreased by 18.9%, and 5+ bedroom homes decreased by 13.3%.

Number of Homes Sold

Mar 2024Apr 2024CHANGE
3154+74.2%

Asking Price vs. Sold Price

34 Homes Were Sold
Under Asking

11 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Jefferson County, you may be able to get a good deal. 63% of homes here sold below asking price last month.

Summary: A total of 54 homes were sold or pending in Jefferson County in April 2024, up by 74.2% month-over-month. Of the 54 sold homes, 63% were sold under asking, 20% were sold at asking, and 17% 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

Apr 2023Apr 2024CHANGE
54 Days67 Days+23.7%

Summary: Homes in Jefferson County had an average of 67 days on market in Apr 2024, up by 23.7% compared to last year.

Breakdown of Home Sale Times

19 Homes Were Sold
Under 30 Days

16 Homes Were Sold
In 30 - 90 Days

18 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Jefferson County are selling fast, if you're buying plan to act quickly.

Summary: During April 2024, 54 homes were sold in Jefferson County; 35% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 2 Days Ago

Newest Listings in Jefferson County, TN

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