Tennessee Real Estate Market Report• Updated
Market Pulse: Balanced ⚖️
The Tennessee real estate market is currently balanced: inventory is tight, but homes are selling below asking. Homes are selling at 96% of list price on average (Sale Price to List Price Ratio). With 5,961 active listings and 2,704 closed sales in the latest month, inventory remains at 2 months of supply. Trends over the last half-year show median values moving up by 7%, while Average Days on Market has increased by 18%.
Top Listing & Buyer's Agents in Tennessee
Source: third-party closed MLS records, data as of Oct 2026. Agents are compared within each home type and price range. How we score agents →
Detached Homes
Condos/Co-ops
Mobile/Manufactured Homes
Townhomes
Multi-Family (2-4 Unit)
Tennessee Real Estate Market Trends October 2026
Inventory Breakdown by Segment
| Property Type | Entry Level | High-End | Mid-Market | Ultra-Luxury | Total |
|---|---|---|---|---|---|
| Condo/Co-op | 161 | 18 | 130 | 6 | 315 |
| Detached Home | 797 | 1.2K | 2.5K | 665 | 5.2K |
| Mobile/Manufactured Home | 81 | 12 | 58 | 6 | 157 |
| Multi-Family (2-4 Unit) | 13 | 18 | 36 | 22 | 89 |
| Townhome | 61 | 15 | 102 | 3 | 181 |
Market Insights & FAQ
How is the real estate market in Tennessee performing right now?
The data indicates a tight but negotiable market in Tennessee. Inventory is at 2 months of supply. Inventory is tight, but homes are selling below asking on average, so buyers still have some room to negotiate despite limited choice.
What are the current pricing trends for Tennessee real estate?
Currently, $338,000 represents the median entry point in Tennessee. Over the past half-year, home values in Tennessee have moved upward by approximately 7% based on regional transaction data.
Are sellers in Tennessee getting their full asking price?
Buyers have some room to negotiate in Tennessee, with a Sale Price to List Price Ratio of 95.8%. On average, properties in Tennessee are transitioning from active to sold status in 65 days.