Tennessee Real Estate Market• Updated
Market Pulse: Opportunity 📈
The Tennessee real estate market is currently a Buyer's Market. Homes are retaining 96% of their value (Sale Price to List Price Ratio). With 14450 active listings and 2864 closed sales this month, inventory remains at 6.4 months of supply. Trends over the last half-year show median values moving up by 9%, while Average Days on Market has increased by 14%.
Top Listing & Buyer's Agents in Tennessee
Detached Homes
Condo/Co-op
Mobile/Manufactured Homes
Townhomes
Multi-Family (2-4 Unit)
Tennessee Real Estate Market Trends September 2026
Inventory Breakdown by Segment
| Property Type | Entry Level | High-End | Mid-Market | Ultra-Luxury | Total |
|---|---|---|---|---|---|
| Condo/Co-op | 474 | 63 | 330 | 15 | 882 |
| Detached Home | 2K | 2.7K | 6.1K | 1.6K | 12.3K |
| Mobile/Manufactured Home | 194 | 23 | 180 | 22 | 419 |
| Multi-Family (2-4 Unit) | 38 | 61 | 113 | 74 | 286 |
| Townhome | 188 | 30 | 305 | 13 | 536 |
Market Insights & FAQ
How is the real estate market in Tennessee performing right now?
The data indicates a stable environment in Tennessee. Inventory is at 6.4 months, meaning a balanced environment with steady turnover. Inventory levels provide a healthy range of options for prospective buyers.
What are the current pricing trends for Tennessee real estate?
Currently, $336,000 represents the median entry point in Tennessee. Over the past half-year, home values in Tennessee have moved upward by approximately 9% based on regional transaction data.
Are sellers in Tennessee getting their full asking price?
Buyers have room for negotiation in Tennessee, with a Sale Price to List Price Ratio of 95.9%. On average, properties in Tennessee are transitioning from active to sold status in 63 days.