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 16643 active listings and 3030 closed sales this month, inventory remains at 7.9 months of supply. Trends over the last half-year show median values moving up by 12%, while Average Days on Market has increased by 12%.
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 July 2026
Inventory Breakdown by Segment
| Property Type | Entry Level | High-End | Mid-Market | Ultra-Luxury | Total |
|---|---|---|---|---|---|
| Condo/Co-op | 541 | 72 | 389 | 36 | 1K |
| Detached Home | 2.6K | 2.7K | 7.1K | 1.7K | 14.2K |
| Mobile/Manufactured Home | 229 | 40 | 212 | 21 | 502 |
| Multi-Family (2-4 Unit) | 64 | 40 | 157 | 84 | 345 |
| Townhome | 184 | 47 | 349 | 11 | 591 |
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 7.9 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, $329,000 represents the median entry point in Tennessee. Over the past half-year, home values in Tennessee have moved upward by approximately 12% 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 96%. On average, properties in Tennessee are transitioning from active to sold status in 64 days.