in Fowlkes, TN • 2026 Buying Guide
Best Month
September
$58K
Avoid
December
$144K
Potential Savings
$86K
59.7% difference
Market Type
Balanced
3.0 mo. supply
Even in a seller's market, condos require strategic timing. Focus on move-in ready presentation, as condo buyers often want turnkey living. Highlight low HOA fees, building amenities, and any recent assessments already paid.
Median Sale Price
$195K
N/A YoY
Days on Market
13
median days
Inventory
3
active listings
Sale-to-List Ratio
98.0%
room to negotiate
Feb
$131K
Mar
$98K
Apr
$143K
May
$103K
Jun
$61K
Jul
$88K
Aug
$124K
Sep
$58K
BestOct
$122K
Nov
$124K
Dec
$144K
PeakBased on historical sales data in Fowlkes
Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
Pro Tip: With Fowlkes's median price at $195K, a 20% down payment would be approximately $39K. Get pre-approved early to know exactly what you can afford.
Based on our analysis of Fowlkes's housing market, September is typically the best time to buy a condo. During this month, prices average around $58K, which is 59.7% lower than peak prices in December. Condos often have a counter-cyclical market. While families focus on single-family homes during spring and summer, condo inventory can peak in fall and winter. This means less competition and more negotiating power for condo buyers during traditionally "slow" seasons.
The current median home price in Fowlkes is $195K. Condo prices vary based on location, size, and condition. Year-over-year, prices have changed N/A. Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Fowlkes has a balanced market. This means you have reasonable options without extreme competition. Take time to find the right condo but be prepared to move when you find it.
Key considerations for buying a condo in Fowlkes include: Review at least 3 years of HOA meeting minutes for hidden issues; Check the reserve fund percentage (ideally 70%+ funded); Verify what insurance the HOA covers vs. what you need. Also watch for red flags like HOA with less than 50% reserves and Multiple units for sale in same building (could indicate problems).
Homes in Fowlkes currently spend an average of 13 days on market. This indicates a fast-moving market where you need to be prepared to act quickly.
Some condos may not be FHA or VA approved - check early Non-warrantable condos require conventional financing with higher down payments With Fowlkes's median price of $195K, you'll want to get pre-approved early to understand your budget.
Looking for the best time to buy a condo in Fowlkes? Our analysis shows that September typically offers the best prices, with homes averaging around $58K. Buying during this time could save you up to $86K compared to peak months like December.
With a median price of $195K and homes spending an average of 13 days on market, Fowlkes is currently a balanced market. There's currently 3.0 months of inventory available.
Condos typically appreciate more slowly than single-family homes but offer lower entry costs and maintenance. Location within the building matters - higher floors and better views command premiums.
Working with a local real estate agent who knows Fowlkes can help you understand neighborhood dynamics, identify the best opportunities, and negotiate effectively in this market.
Connect with local agents who specialize in condos.