Is Jamestown, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Jamestown was a Seller's Market.
Key Takeaway
Jamestown is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Jamestown, TN
How much do homes in Jamestown, TN cost?
Median Sold Price
$245,000
$174/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Jamestown have sold for 6.5% more than they did a year ago.
Summary: The median home sold price in Jamestown was $245,000 in May 2024, up 6.5% from last year, and the median price per square foot was $174.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $122.5K | $175K | +42.9% |
| 2 Bedrooms | $148K | $199.9K | +35.1% |
| 3 Bedrooms | $250K | $259.9K | +4.0% |
| 4 Bedrooms | $258K | $240K | -7.0% |
| 5+ Bedrooms | $240K | $1.0M | +326.0% |
Summary: Jamestown housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 42.9%, 2 bedroom homes increased by 35.1%, 3 bedroom homes increased by 4%, 4 bedroom homes decreased by 7%, and 5+ bedroom homes increased by 326%.
Housing Supply in Jamestown, TN
How many homes are available in Jamestown, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 164 | 177 | +7.9% |
Summary: The Jamestown real estate market had 177 homes for sale in May 2024, a 7.9% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 8 | 7 | -12.5% |
| 2 Bedrooms | 34 | 35 | +2.9% |
| 3 Bedrooms | 105 | 112 | +6.7% |
| 4 Bedrooms | 15 | 19 | +26.7% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Jamestown housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 12.5%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 26.7%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 23 | 0.0% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Jamestown, you may be able to get a good deal. 60.9% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Jamestown in May 2024, the same as the previous month. Of the 23 sold homes, 61% were sold under asking, 17% were sold at asking, and 22% were sold over asking.
Days on Market for Jamestown, TN
How long does it take to sell a home in Jamestown, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 88 Days | 100 Days | +13.5% |
Summary: Homes in Jamestown had an average of 100 days on market in May 2024, up by 13.5% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Jamestown are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During May 2024, 23 homes were sold in Jamestown; 30% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 52% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.