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Is Elmwood, TN 38560 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Elmwood is a buyer’s market. With about 12.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply12.8Under 4 months = seller’s market

Sold above original list0%Share of sales, last 3 months

Median sale-to-list93.6%Sold price ÷ list price

Median days on market75Listing to accepted offer

Median price per sq ft$249▲ +12.6% vs. last year

Run the numbers for 38560

Prefilled for 38560Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38560Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Brush Creek 38547Seller’s market $221 /sq ft Carthage 37030Balanced $157 /sq ft Chestnut Mound 38552Buyer’s market $55 /sq ft Gordonsville 38563Buyer’s market $338 /sq ft Browse all markets →

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