Is Monterey, TN 38574 a buyer’s or seller’s market?

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

Monterey is a buyer’s market. With about 9.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Competition score21/ 100

More competitive than 15% of U.S. ZIP codes, and #215 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 supply9.2Under 4 months = seller’s market

Sold above original list11.5%Share of sales, last 3 months

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

Median days on market103Listing to accepted offer

Median price per sq ft$211▼ −12.6% vs. last year

Run the numbers for 38574

Prefilled for 38574Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38574Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Baxter 38544Seller’s market $205 /sq ft Buffalo Valley 38548Seller’s market $254 /sq ft Cookeville 38501Balanced $199 /sq ft Cookeville 38506Balanced $193 /sq ft Browse all markets →

Local agents

See all agents in 38574 →

No sponsored agents in 38574 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 38574

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Putnam County property taxes Putnam County loan limits Closing costs in Tennessee Hottest ZIP codes in Tennessee

Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

JavaScript (recommended) iframe only

<div class="offerbacked-widget" data-widget="zip" data-zip="38574"><a href="https://offerbacked.com/market/38574">Monterey, TN 38574 housing market data from OfferBacked</a></div>
<script async src="https://offerbacked.com/widget.js"></script>

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview Dark version

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