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If you live in Riverchase Subdivision in Jackson, TN, you may be wondering what homes are selling for right now.
Over the last six months, the market has remained steady. However, buyers are being more selective. Because of that, pricing matters more than ever.
So what does that mean for homeowners?
Let’s take a closer look.
📊 Riverchase Market Snapshot
In the past six months:
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4 homes are active
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1 home is pending
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3 homes have sold
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8 total homes came on the market
As a result, Riverchase currently has about 8 months of inventory.
That leans slightly toward a buyer’s market. However, this does not mean homes are not selling. Instead, it means buyers are taking their time and comparing options carefully.
💰 What Homes Are Selling For
Recent sales ranged from $244,900 to $275,000.
On average:
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The median sales price was $260,000
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The average price per square foot was $150–$152
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The average days on market was 55–70 days
In most cases, the homes that sold were:
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3 bedrooms
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2 bathrooms
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Around 1,600–1,800 square feet
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Built in the early 1990s
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One story
Because these homes fit what buyers are searching for, they moved at a steady pace.
🎯 Pricing Is the Key
Homes priced correctly from the start are selling in 30–60 days.
On the other hand, homes priced too high are sitting longer. In fact, many end up reducing the price before receiving strong offers.
On average, recent listings reduced their price by about 7–8%.
That tells us buyers are watching value closely. Therefore, first impressions matter.
If your home is clean, updated, and move-in ready, you will likely see stronger activity.
📍 What Is the Buyer Sweet Spot?
Right now, the strongest activity is between $255,000 and $275,000.
Meanwhile, homes over $300,000 are selling more slowly unless they offer:
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Larger square footage
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Major updates
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Strong curb appeal
Even so, presentation and pricing must match the condition of the home.
🌳 Why Buyers Like Riverchase
Riverchase remains popular for several reasons.
First, it offers an established feel with mature trees. In addition, some sections provide larger lots.
It also benefits from a convenient North Jackson location. At the same time, it does not have a heavy HOA structure.
Because of these factors, buyers often see Riverchase as a stable and desirable place to live.
🤔 Should You Sell in Riverchase?
Only three homes sold in the last six months.
Therefore, the homes that do hit the market need to stand out.
The first 30 days are especially important. During that time, your home receives the most attention online and in showings.
If you price correctly from the beginning, you protect your leverage. However, if you start too high, you often end up chasing the market down.
If you’re curious what your home could sell for in today’s Riverchase market, I’d be happy to provide a personalized analysis.
—
Amanda Harvey
Local West TN REALTOR®
Serving Jackson and surrounding communities
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