Is Manchester, TN 37355 a buyer’s or seller’s market?
Manchester is a balanced market. With about 4.1 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 25% of U.S. ZIP codes, and #150 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Manchester housing market right now
In the three months ending August 31, 2026, 13% of homes in Manchester, TN 37355 sold above their list price, the typical home went under contract in 63 days and there were 4.1 months of supply. Three to six months of supply is a fairly balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 108 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (11% then), homes sold faster (75 days then) and the median sale price rose 6% to $349,849. Overall, Manchester is more competitive than a year ago, so tougher for buyers.
On our competition score, Manchester ranks #150 of 299 TN ZIP codes with enough sales (score 29 out of 100).
Nearby, buyers who want less competition could look at Beechgrove 37018 (0% sold over asking), while Tullahoma 37388 (17% sold over asking) is even more competitive.
Run the numbers for 37355
Nearby markets
Beechgrove 37018Buyer’s market $187 /sq ftHillsboro 37342Seller’s market $185 /sq ftTullahoma 37388Balanced $193 /sq ft Browse all markets →Questions about Manchester real estate
Is Manchester a buyer’s or seller’s market?
A fairly balanced market: there were 4.1 months of supply in Manchester, TN 37355 in the three months ending August 31, 2026. Under three months usually favors sellers, and six or more favors buyers.
How fast do homes sell in Manchester?
The typical home went under contract in 63 days in the latest three months.
Do homes in Manchester sell over asking?
13% of homes sold above their original list price, and the typical sale closed at 97.9% of the list price.
What are property taxes in Manchester?
About 0.57% of a home’s value a year in Coffee County, or roughly $2,280 on a $400,000 home.
What is the median home price in Manchester?
The median sale price was $349,849 in the three months ending August 31, 2026, about $202 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology