Is Jamestown, TN 38556 a buyer’s or seller’s market?
Jamestown is a buyer’s market. With about 7.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 12% of U.S. ZIP codes, and #244 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Jamestown housing market right now
In the three months ending August 31, 2026, 16% of homes in Jamestown, TN 38556 sold above their list price, the typical home went under contract in 92 days and there were 7.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 58 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 18%, homes sold more slowly (87 days then) and the median sale price rose 9% to $294,872. Overall, Jamestown is less competitive than a year ago, which gives buyers more room.
On our competition score, Jamestown ranks #244 of 299 TN ZIP codes with enough sales (score 18 out of 100).
Nearby, buyers who want less competition could look at Grimsley 38565 (0% sold over asking) or Clarkrange 38553 (0% sold over asking).
Run the numbers for 38556
Nearby markets
Allardt 38504Buyer’s market $308 /sq ftClarkrange 38553Balanced $219 /sq ftGrimsley 38565Buyer’s market $199 /sq ftWilder 38589 — /sq ft Browse all markets →Towns like Jamestown nearby
Find towns like Jamestown in other states →Where Jamestown is
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Questions about Jamestown real estate
Is Jamestown a buyer’s or seller’s market?
A buyer’s market: there were 7.9 months of supply in Jamestown, TN 38556 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Jamestown?
The typical home went under contract in 92 days in the latest three months.
Do homes in Jamestown sell over asking?
16% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.
What are property taxes in Jamestown?
About 0.32% of a home’s value a year in Fentress County, or roughly $1,280 on a $400,000 home.
What is the median home price in Jamestown?
The median sale price was $294,872 in the three months ending August 31, 2026, about $200 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology