State housing market
Tennessee housing market
The latest Tennessee home prices, inventory, and days-on-market — with month-over-month and year-over-year trends and how it stacks up nationally. The typical Tennessee home is 9.1% lower than the U.S. typical value of $370K.
Data as of May 2026.
Latest market snapshot
Home value
$336K
May 2026
Sale price
$413K
May 2026
Days on market
61 days
May 2026
Inventory
37,234
May 2026
Months supply
4
May 2026
Homes sold
8,416
May 2026
Sale-to-list
97.8%
May 2026
What the numbers say
- ·Typical home value (ZHVI) is $336,445 — -0.0% month over month, +0.4% year over year.
- ·Median sale price is $413,200 — +3.2% month over month, +3.0% year over year.
- ·Median days on market is 61 days — -11.6% month over month, +8.9% year over year.
- ·Homes for sale is 37,234 — +0.3% month over month, +3.7% year over year.
13-month trends
Metro areas in Tennessee
| Metro area | Typical home value |
|---|---|
| Nashville, TN | $456K |
| Memphis, TN | $247K |
| Knoxville, TN | $367K |
| Chattanooga, TN | $326K |
| Clarksville, TN | $293K |
| Kingsport, TN | $246K |
| Johnson City, TN | $283K |
| Jackson, TN | $208K |
| Morristown, TN | $301K |
Sources & methodology
Every figure on this page is drawn from authoritative public housing and mortgage data, refreshed monthly. Home values shown as ZHVI are a smoothed typical-value index, not raw sale prices. We cite openly so you can verify.