🏠 Buying a house in Tennessee | 🏘️ Selling a house in Tennessee | 🚚 Moving to Tennessee
🏡 Home values in Tennessee have risen 7.24% over the past year, indicating a seller's market.
📈 Housing inventory (the total number of homes for sale) stands at 33,529. That's about 6.01 months of inventory, indicating a seller's market.
📊 The sale-to-list price ratio (the percentage of listing price sellers are actually getting) is 97.30%, indicating a buyer's market.
How does Tennessee compare to the national average?
| Data point | Value | Rank | Compared to national avg |
| Typical home value | $330,018[1] | #28 of 50 states | 12.2% lower |
| Median listing price | $429,900[2] | #24 of 50 states | 3% lower |
| Median sale price | $406,100[3] | #27 of 50 states | 7.2% lower |
| 30-year mortgage rate | 7.05%[4] | #42 of 50 states | 1.1% higher |
| Median days on market | 65[5] | #32 of 50 states | 10.5% longer |
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Buying a house in the Tennessee real estate market
Tennessee has an affordability score of 6, meaning it takes 6 years of the median household income ($67,631) to afford Tennessee's median home sale price ($406,100). Because of this, we rank Tennessee as the 17th least affordable state for buyers based strictly on prices compared to income.
| Data Point | Value | Rank | Compared to national avg |
| Median sale price | $406,100[6] | #27 of 50 states | 7.2% lower |
| 30-year mortgage rate | 7.05%[7] | #42 of 50 states | 1.1% higher |
| Median household income | $67,631[8] | #42 of 50 states | 12.1% lower |
| Affordability ratio | 6.0 | #34 of 50 states | 7.7% higher |
| Buyers agent commission | 2.92%[9] | #46 of 50 states | 6.3% higher |
Who pays for realtor commission in Tennessee?
Real estate agents' commissions are technically the responsibility of their respective clients - buyers pay their agents, and sellers pay theirs. Each party signs a contract with their agent promising to pay. However, sellers usually offer to pay for the buyer's agent so they can more easily afford the home.
Who pays closing costs in Tennessee?
Sellers are usually responsible for most closing costs, but some closing expenses fall to the buyer. As a buyer, you'll be expected to pay for the mortgage loan origination fee and other lender-related fees, private mortgage insurance, the down payment, an appraisal fee, and a home inspection fee.
Learn more about who pays closing costs in Tennessee.
Resources for Tennessee home buyers
Preparing to buy in Tennessee
Tennessee home buying costs
Selling a house in the Tennessee real estate market
According to our detailed survey of Tennessee real estate agents, listing agents (those representing the seller) charge an average commission in Tennessee of 3.08%, which is the 2nd highest in the United States. Buyers' agents charge an average commission of 2.92%, which is the 5th highest in the United States.
| Data point | Value | Rank | Compared to national avg |
| Median listing price | $429,900[10] | #24 of 50 states | 3% lower |
| Median sale price | $406,100[11] | #27 of 50 states | 7.2% lower |
| Median days on market | 65[12] | #32 of 50 states | 10.5% longer |
| Buyer's agent commission | 2.92%[13] | #46 of 50 states | 6.3% higher |
| Listing agent commission | 3.08%[14] | #49 of 50 states | 8.4% higher |
Resources for Tennessee home sellers
Preparing to sell in Tennessee
- Selling a House in Tennessee: 8 Simple Steps
- How Long Does It Take to Sell a House in Tennessee?
- When Is the Best Time to Sell a House in Tennessee?
- Top Real Estate Agents in Tennessee
Tennessee home selling costs and requirements
Moving to Tennessee
According to our recent moving trends survey[15], Tennessee is the 13th most desirable state to move to, with 12% of Americans indicating that they would choose to move there if money were no object. Likewise, 9% of survey respondents indicated that they would move to Nashville among a choice of America's largest cities, and 7% indicated that they would move to Memphis. Among medium-sized cities, 10% indicated that they would move to Knoxville.
Here's how Tennessee cities rank in a number of our research studies.
| Study | Best Tennessee city | Rank |
| Best Pizza Cities[16] | Nashville | 30th best |
| Best Coffee Cities[17] | Nashville | 23rd best |
| Best LGBTQ Cities[18] | Nashville | 38th best |
| Best Bike Cities[19] | Nashville | 16th best |
| Best Commuter Cities[20] | Memphis | 23rd best |
Where to shop for homes in Tennessee
Frequently asked questions
As of October 10, 2025, the median days on market (DOM) in Tennessee is 72. On average, it takes about 70 days to sell in Tennessee.
Home values have risen in Tennessee over the past year. The current median home value is $334,133 and it's projected to rise by 1.15% in the next year.
As of October 10, 2025, sellers in Tennessee are typically getting 98.97% of the list price for their homes.
Methodology
Information on market conditions is based on Zillow data as of August 2025, Realtor.com data as of September 2025, and HouseCanary data as of October 10, 2025, unless specified otherwise.
We gathered our commission rate data from a September 2025 survey of 828 of agents nationwide. The survey asked about standard local rates for both listing and buying agents. These data points are averages based on responses we’ve received from 12 agents in Tennessee.