Tennessee housing market
Statewide listing data for September 2026, the latest month Realtor.com® Economic Research has published, with two years of history. Checked October 8, 2026.
Tennessee at a glance
SoutheastSource: Realtor.com® Economic Research (Tennessee, September 2026). Asking prices and active listings, not closed sales.
What the data says
- There are 9.0% more homes for sale in Tennessee than a year ago.
- The median asking price is roughly flat over the past year.
- 24% of active listings have had at least one price reduction.
- The typical listing spends 68 days on the market, 3 days longer than a year ago.
Repeat sales and appraisals of the same homes, published quarterly with a lag of about two months.
Two-year trend
Median listing price, Tennessee
| Period | Value |
|---|---|
| 2024-09-01 | $429K |
| 2024-10-01 | $427K |
| 2024-11-01 | $426K |
| 2024-12-01 | $424K |
| 2025-01-01 | $420K |
| 2025-02-01 | $420K |
| 2025-03-01 | $427K |
| 2025-04-01 | $435K |
| 2025-05-01 | $440K |
| 2025-06-01 | $440K |
| 2025-07-01 | $440K |
| 2025-08-01 | $435K |
| 2025-09-01 | $430K |
| 2025-10-01 | $429K |
| 2025-11-01 | $425K |
| 2025-12-01 | $424K |
| 2026-01-01 | $419K |
| 2026-02-01 | $423K |
| 2026-03-01 | $426K |
| 2026-04-01 | $430K |
| 2026-05-01 | $435K |
| 2026-06-01 | $436K |
| 2026-07-01 | $435K |
| 2026-08-01 | $435K |
| 2026-09-01 | $429K |
Homes for sale, Tennessee
| Period | Value |
|---|---|
| 2024-09-01 | 28K |
| 2024-10-01 | 29K |
| 2024-11-01 | 29K |
| 2024-12-01 | 26K |
| 2025-01-01 | 25K |
| 2025-02-01 | 25K |
| 2025-03-01 | 26K |
| 2025-04-01 | 28K |
| 2025-05-01 | 30K |
| 2025-06-01 | 32K |
| 2025-07-01 | 33K |
| 2025-08-01 | 33K |
| 2025-09-01 | 34K |
| 2025-10-01 | 34K |
| 2025-11-01 | 34K |
| 2025-12-01 | 31K |
| 2026-01-01 | 29K |
| 2026-02-01 | 29K |
| 2026-03-01 | 30K |
| 2026-04-01 | 32K |
| 2026-05-01 | 34K |
| 2026-06-01 | 35K |
| 2026-07-01 | 36K |
| 2026-08-01 | 37K |
| 2026-09-01 | 37K |
Listings follow a seasonal pattern each year; compare a month with the same month a year earlier.
Tennessee compared with the U.S.
Compare with another state| Measure | Tennessee | United States |
|---|---|---|
| Median listing price | $429,450 (−0.1% y/y) | $419,250 (−1.4% y/y) |
| Homes for sale | 36,900 (+9.0% y/y) | 1,161,615 (+5.4% y/y) |
| Median days on market | 68 days (+3 days y/y) | 61 days (Unchanged y/y) |
| Listings with a price cut | 23.8% (−0.2 pts y/y) | 20.8% (+0.9 pts y/y) |
| Median list price per sq ft | $221 (−0.6% y/y) | $223 (−1.7% y/y) |
Sources: Realtor.com® Economic Research (Tennessee, September 2026); Realtor.com® Economic Research (United States, September 2026). “y/y” is the change from the same month a year earlier.
An affordability illustration
Run your own numbersThe inputs
- Median listing price (September 2026)$429,450
- Down payment20% ($85,890)
- Loan amount$343,560
- Rate: 30-year fixed, national (Week of Oct 1, 2026)7.28%
- Median household income, Tennessee (2025)$75,250
This is an illustration, not a lender calculation. It leaves out property taxes, homeowners insurance, mortgage insurance and HOA dues, which can add several hundred dollars or more a month. The rate is a national average for strong-credit borrowers; your rate may differ.
Sources: Realtor.com® Economic Research (Tennessee, September 2026); Freddie Mac Primary Mortgage Market Survey, via FRED, Federal Reserve Bank of St. Louis (United States, Week of Oct 1, 2026); U.S. Census Bureau, Current Population Survey, via FRED, Federal Reserve Bank of St. Louis (Tennessee, 2025).
Editor’s notes on Tennessee
Written March 2026; conditions may have changedTennessee is one of the country's premier relocation destinations, anchored by Nashville's emergence as a major economic city in its own right. No state income tax, warm climate, and a diversifying economy (Oracle, Amazon, AllianceBernstein have relocated headquarters here) keep demand strong. Knoxville and Chattanooga are seeing significant overflow appreciation as buyers discover them as affordable Nashville alternatives.
For buyers
Knoxville is the value play right now — strong UT economy, improving amenities, and Nashville-overflow appreciation at significantly lower absolute prices. In Nashville, look beyond the 'hot' neighborhoods to Donelson and Antioch for value.
For sellers
Nashville-area sellers have tremendous leverage. Corporate relocation buyers are well-capitalized and often on tight timelines — price to market and move quickly.
These notes are background written by our editors in March 2026, before the data above. Where they differ, the dated figures on this page are more current.