Is Jefferson County, 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 County has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $67K | $250K | +273.1% |
2 Bedrooms | $200K | $200.2K | 0.1% |
3 Bedrooms | $310K | $326.5K | +5.3% |
4 Bedrooms | $403.2K | $365K | -9.5% |
5+ Bedrooms | $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 | $300.9K | $325K | +8.0% |
Cocke County | $230K | $240K | +4.3% |
Hamblen County | $274.9K | $281.2K | +2.3% |
Grainger County | $269.3K | $274.6K | +2.0% |
Sevier County | $463.5K | $450.8K | -2.7% |
Housing Supply in Jefferson County, TN
How many homes are available in Jefferson County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
236 | 248 | +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
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 3 | 0.0% |
2 Bedrooms | 31 | 33 | +6.5% |
3 Bedrooms | 150 | 169 | +12.7% |
4 Bedrooms | 37 | 30 | -18.9% |
5+ Bedrooms | 15 | 13 | -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 2024 | Apr 2024 | CHANGE |
---|---|---|
31 | 54 | +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
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 2023 | Apr 2024 | CHANGE |
---|---|---|
54 Days | 67 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
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.