Is Somerville, TN 38068 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Somerville is a balanced market. With about 4.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score27/ 100

More competitive than 23% of U.S. ZIP codes, and #172 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

Months of supply4.4Under 4 months = seller’s market

Sold above original list5.4%Share of sales, last 3 months

Median sale-to-list98.6%Sold price ÷ list price

Median days on market51Listing to accepted offer

Median price per sq ft$167▲ +0.3% vs. last year

Run the numbers for 38068

Prefilled for 38068Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38068Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Eads 38028Seller’s market $210 /sq ft Mason 38049Buyer’s market $192 /sq ft Moscow 38057Balanced $169 /sq ft Oakland 38060Balanced $175 /sq ft Browse all markets →

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology