2026 Market Report & Data · Data through July 2026 · Source: Redfin
$384K
Median Price
69
Days on Market
5.5
Months Supply
+2.3%
YoY Change
Balanced Market
Market Type
77
cities with 6+ months supply
160
cities with 3-6 months supply
58
cities with <3 months supply
Ranked by lowest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Briceville | $15K | 100d |
| 2. Enville | $18K | 31d |
| 3. Henry | $42K | 27d |
| 4. Farner | $54K | 31d |
| 5. Lenox | $85K | 18d |
| 6. Fowlkes | $91K | 21d |
| 7. Westpoint | $93K | 13d |
| 8. Friendship | $95K | 34d |
| 9. Randolph | $100K | 164d |
| 10. South Fulton | $101K | 67d |
Ranked by highest median home price.
| City | Median Price | DOM |
|---|---|---|
| 1. Belle Meade | $4.80M | 85d |
| 2. Forest Hills | $2.20M | 71d |
| 3. Oak Hill | $2.00M | 68d |
| 4. Louisville | $1.42M | 56d |
| 5. Brentwood | $1.40M | 61d |
| 6. Norene | $1.10M | 51d |
| 7. Bell Buckle | $1.08M | 62d |
| 8. Nolensville | $935K | 57d |
| 9. Rarity Bay | $898K | 64d |
| 10. Franklin | $870K | 47d |
77 cities have more than 6 months of inventory — buyers can negotiate.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Charlotte | 24.0 mo | $365K | 106d |
| 2. Pittman Center | 20.8 mo | $747K | 29d |
| 3. Berry Hill | 19.2 mo | $667K | 45d |
| 4. Hornbeak | 19.2 mo | $195K | 161d |
| 5. Orebank | 19.2 mo | $178K | 33d |
| 6. Baneberry | 17.6 mo | $727K | 42d |
| 7. Cosby | 16.0 mo | $320K | 83d |
| 8. Rocky Top | 16.0 mo | $315K | 58d |
| 9. Gatlinburg | 14.2 mo | $475K | 60d |
| 10. Centertown | 12.8 mo | $268K | 11d |
58 cities have less than 3 months of inventory — sellers have the advantage.
| City | Months Supply | Median Price | DOM |
|---|---|---|---|
| 1. Calhoun | 0.5 mo | $250K | 30d |
| 2. Lakewood Park | 0.6 mo | $300K | 68d |
| 3. Obion | 0.6 mo | $175K | 69d |
| 4. Benton | 0.7 mo | $255K | 136d |
| 5. Unicoi | 1.0 mo | $340K | 52d |
| 6. Dodson Branch | 1.1 mo | $289K | 49d |
| 7. Brighton | 1.2 mo | $305K | 45d |
| 8. Gray | 1.2 mo | $345K | 156d |
| 9. Alamo | 1.3 mo | $275K | 70d |
| 10. New Union | 1.3 mo | $449K | 44d |
Cities where homes sell fastest, ranked by lowest median days on market.
| City | Days on Market | Median Price |
|---|---|---|
| 1. Rutledge | 1d | $520K |
| 2. Finley | 3d | $232K |
| 3. Gibson | 6d | $220K |
| 4. Palmersville | 6d | $145K |
| 5. Slayden | 6d | $300K |
| 6. Yorkville | 8d | $180K |
| 7. Luttrell | 9d | $170K |
| 8. Centertown | 11d | $268K |
| 9. Mason | 11d | $180K |
| 10. Woodland Mills | 11d | $240K |
Cities with the largest year-over-year price gains. Appreciation can signal momentum, but also affordability pressure.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Louisville | +87.2% | $1.42M |
| 2. Humboldt | +63.6% | $221K |
| 3. Oak Hill | +56.8% | $2.00M |
| 4. Belle Meade | +53.3% | $4.80M |
| 5. Henderson | +49.9% | $217K |
| 6. Dresden | +46.7% | $183K |
| 7. Fincastle | +43.6% | $356K |
| 8. Dyer | +42.7% | $200K |
| 9. Mount Pleasant | +39.5% | $335K |
| 10. Cowan | +33.7% | $214K |
Cities with year-over-year price declines. These can be buying opportunities — or signals of softening demand.
| City | YoY Change | Median Price |
|---|---|---|
| 1. Unionville | -41.9% | $285K |
| 2. South Fulton | -34.9% | $101K |
| 3. Chapel Hill | -28.0% | $254K |
| 4. Tusculum | -22.4% | $384K |
| 5. Carthage | -22.2% | $200K |
| 6. Decherd | -20.7% | $230K |
| 7. South Carthage | -20.0% | $240K |
| 8. Pigeon Forge | -19.9% | $465K |
| 9. Paris | -17.7% | $191K |
| 10. Cornersville | -17.1% | $285K |
The Tennessee housing market currently shows balanced market conditions, with a median sale price of $384K and 5.5 months of inventory supply. Homes in Tennessee typically sell in 69 days.
Whether you're buying or selling in Tennessee, working with a local real estate agent who understands these market dynamics can help you achieve the best outcome. Our network of verified agents across Tennessee provides expert guidance tailored to your specific city and neighborhood.
Tennessee is currently classified as a balanced market based on months of supply data. The market is relatively balanced, offering fair conditions for both buyers and sellers. Market conditions vary by city, so check local data for your specific area.
The median home price in Tennessee is approximately $384K as of July 2026. Prices range significantly across the state, with Belle Meade among the most expensive areas and Briceville offering more affordable options. Work with a local real estate agent for the most current pricing in your target neighborhoods.
Selling timelines in Tennessee vary by city and market conditions. The fastest-selling markets include Rutledge with a median of 1 days on market. Factors like pricing strategy, home condition, location, and seasonality all affect how quickly a home sells. A skilled listing agent can help price and market your home for a faster sale.
Whether to buy in Tennessee depends on your personal finances, timeline, and target market. Balanced conditions offer a fair environment for well-prepared buyers. Consider factors like mortgage rates, your job stability, how long you plan to stay, and local price trends. Consult with a local real estate agent who can advise on specific neighborhoods.
Start by researching agents with proven experience in your target Tennessee market. Look for agents with strong local transaction history, positive client reviews, and expertise in your price range. Interview at least 2-3 agents before choosing. Ask about their recent sales, marketing strategy, and communication style. Our directory features verified agents across Tennessee to help you find the right match.
Connect with a local expert who knows your market.
Browse Tennessee Agents