Is Jasper, TN 37347 a buyer’s or seller’s market?

The Jasper housing market right now

In the three months ending August 31, 2026, 13% of homes in Jasper, TN 37347 sold above their list price, the typical home went under contract in 61 days and there were 6 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 33 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 4%, homes sold faster (91 days then) and the median sale price rose 31% to $363,393. Overall, Jasper is more competitive than a year ago, so tougher for buyers.

Within Marion County, homes here sell more slowly than in 67% of the county’s ZIP codes, and sell more often over asking than in 67%. On our competition score, Jasper ranks #128 of 299 TN ZIP codes with enough sales (score 32 out of 100).

Nearby, buyers who want less competition could look at South Pittsburg 37380 (0% sold over asking) or Sequatchie 37374 (0% sold over asking), while Chattanooga 37419 (21% sold over asking) and Whitwell 37397 (18% sold over asking) are even more competitive.