Tennessee Housing Market
Cold MarketHousing market data and trends for Tennessee. Track median prices, inventory, days on market, and competition metrics for real estate investors.
Data period: January 2026
Median Sale Price
$385K
↑ 0.6% YoY
Days on Market
88 days
↑ 15.8% YoY
Active Inventory
30,778
↑ 9.1% YoY
Homes Sold
5,011
↓ 4.0% YoY
Cold Market
Inventory is high and homes are sitting longer — a buyer's market.
Tennessee Market Summary
The Tennessee housing market is cooling down. As of January 2026, the median home sale price is $385K, up 0.6% year-over-year. Homes are spending a median of 88 days on the market, 15.8% longer than a year ago.
There are 30,778 homes for sale — 9.1% more than last year. With 6.1 months of supply, this is a buyer's market. 10,882 new listings were added during this period, up 26.2% year-over-year.
Homes are selling for 96.8% of their list price on average, suggesting room for negotiation. 12.5% of homes sell above their asking price. 20.9% of listings have had a price drop.
Market Opportunity Score
Based on current market conditions
88
Contributing Factors
How This Market Compares
vs. National Median
Investor Takeaway
The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.
Tennessee Market Trends
Median Sale Price
Median Days on Market
Active Inventory
Homes Sold
Sale-to-List Ratio
Listings with Price Drops
Detailed Market Metrics
Median List Price
$357K
Price per Sq Ft
$194
Sale-to-List Ratio
96.8%
Months of Supply
6.1
Sold Above List
12.5%
Price Drops
20.9%
New Listings
10,882
↑ 26.2% YoY
Pending Sales
7,296
Metro Areas in Tennessee
Nashville, TN metro area
$455K median
91 days
on market
Knoxville, TN metro area
$382K median
83 days
on market
Memphis, TN metro area
$280K median
58 days
on market
Clarksville, TN metro area
$300K median
83 days
on market
Kingsport, TN metro area
$249K median
85 days
on market
Johnson City, TN metro area
$319K median
78 days
on market
Sevierville, TN metro area
$447K median
107 days
on market
Jackson, TN metro area
$255K median
69 days
on market
Morristown, TN metro area
$332K median
71 days
on market
Tullahoma, TN metro area
$300K median
99 days
on market
Cleveland, TN metro area
$310K median
93 days
on market
Crossville, TN metro area
$335K median
114 days
on market
Greeneville, TN metro area
$320K median
114 days
on market
Cookeville, TN metro area
$305K median
117 days
on market
Shelbyville, TN metro area
$330K median
81 days
on market
Athens, TN metro area
$227K median
96 days
on market
McMinnville, TN metro area
$278K median
117 days
on market
Lewisburg, TN metro area
$308K median
138 days
on market
Dyersburg, TN metro area
$148K median
43 days
on market
Paris, TN metro area
$180K median
85 days
on market
Lawrenceburg, TN metro area
$295K median
151 days
on market
Martin, TN metro area
$185K median
74 days
on market
Dayton, TN metro area
$325K median
122 days
on market
Union City, TN metro area
$192K median
112 days
on market
Newport, TN metro area
$274K median
76 days
on market
Brownsville, TN metro area
$235K median
47 days
on market
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Try It FreeHousing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.