Tennessee Housing Market 2026: Prices, Sales & Trends
What homes actually sell for in Tennessee: a median closed sale price of $364,500 across 65,407 closings Resideline tracked over the last six months, plus the state's largest markets by volume.
Tennessee's median closed sale price is $364,500, measured across 65,407 closings Resideline tracked statewide over the last six months, as of October 2026. These are closings we track directly, a measured sample rather than a complete state record, which is why we can show the detail below at all. A statewide median hides how far apart Tennessee's markets sit. Among its highest-volume markets, Franklin carries the highest median and Memphis the lowest. That gap is the reason a state figure belongs in a market briefing rather than in an offer: it describes the middle of the distribution, not a price you can underwrite against.
Tennessee's largest markets by closing volume
| Market | Closings tracked, last 6 months | Median closed sale |
|---|---|---|
| Nashville | 4,557 | $525,000 |
| Memphis | 3,566 | $150,000 |
| Clarksville | 2,206 | $315,000 |
| Knoxville | 1,713 | $319,500 |
| Chattanooga | 1,474 | $340,000 |
| Murfreesboro | 1,402 | $418,860 |
| Franklin | 981 | $860,000 |
| Lebanon | 780 | $410,000 |
| Gallatin | 694 | $429,945 |
| Columbia | 677 | $365,000 |
Volume matters as much as price here. Higher transaction volume generally provides more potential comparable sales, although the usable set for a specific property still depends on property type, size, condition, location and recency.
Rankings for Tennessee: best places to buy rental property in Tennessee ranks cities by asking rental yield from tracked sales and rental listings, cheapest cities to buy a house in Tennessee adds each city's price per square foot for houses, realized appreciation and days to contract, and Cap Rate by City ranks the Tennessee cities Resideline tracks by gross rental yield.
More Tennessee research: housing market reports for Lewisburg, and Dyersburg.
More Tennessee city reports: Arlington · Brentwood · Cleveland · Collierville · Crossville · Dandridge · Fairview · Gatlinburg · Goodlettsville · Hendersonville · Hermitage · Hixson · Jonesborough · Lenoir City · Manchester · Morristown · Mount Juliet · Nolensville · Oak Ridge · Ooltewah · Sevierville · Seymour · Shelbyville · Smyrna · Sparta · Spring Hill · Springfield · Thompsons Station · White House · Winchester.
Figures last updated October 4, 2026 from closings Resideline tracked.
How to price a specific Tennessee property
Work from the closings, not from the state number. Start with sales of the same property type inside a tight radius, match size and condition before you widen anything, and treat the figures above as a sanity check on the answer rather than as the answer. A statewide median is useful for spotting which markets deserve attention; it will mis-price an individual address in either direction.
Run any Tennessee address through Resideline and you will get the local comparable set and the property's value together, in one report.
Frequently Asked Questions
What is the median home price in Tennessee?
The median closed sale price in Tennessee is $364,500, measured across 65,407 closings Resideline tracked statewide over the last six months as of October 2026.
Which Tennessee markets are most and least expensive?
Among the Tennessee markets we track with the most closings, Franklin has the highest median closed sale at $860,000 and Memphis the lowest at $150,000. Both are measured from closings Resideline tracked over the last six months.
What could a property in Tennessee be worth?
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