The Tennessee housing market, by the numbers.
Median sale price, days on market, and what a traditional sale really costs a Tennessee seller — every figure on this page comes from the source cited next to it.
- Median sale price: $413,000
- Median days on market: 61
- Typical selling costs: ~7.05% of the price
- Foreclosure timeline: 2 to 3 months
Planning a Tennessee sale?
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The headline numbers.
Each figure comes from the source cited under it. Medians describe the middle of the Tennessee market, not any specific house.
| Tennessee metric | Value | Source |
|---|---|---|
| Median sale price | $413,000 | Redfin state market tracker, May 2026 |
| Median days on market | 61 days | Redfin state market tracker, May 2026 |
| Average agent commission | 6.05% (≈ $24,987) | Clever, Feb 2026 survey (state avg) |
| Seller closing costs | 1% (≈ $4,130) | Redfin national est., May 2026 (low end of 1-3% range excl. commission, transfer tax itemized separately) |
| Seller transfer tax | None | TN transfer tax ($0.37/$100) is customarily paid by the buyer, not the seller (HomeLight, Jan 2025) |
Data updated: September 2026
Selling the traditional way in Tennessee: the math.
The same arithmetic an agent would run at your kitchen table, worked on the Tennessee median sale price.
How to read this: on the $413,000 median sale, the traditional route leaves roughly $383,883 before loan payoff, repairs, and the holding costs (effective property tax ~0.71%/yr per the Tax Foundation, plus insurance and utilities) that stack up while you wait about 61 days on market. These are estimates worked on the Tennessee median; your actual costs vary by county, property, and buyer.
The cost of waiting: Tennessee's effective property-tax rate runs about 0.71% a year (Tax Foundation). Worked on the $413,000 median home, that's roughly $2,932 a year in property tax — call it $490 accrued across the 61-day (about 9-week) median wait for a traditional sale, before insurance and utilities, and on top of the selling costs above. The longer a Tennessee listing sits past the median, the bigger that carrying cost grows.
The Tennessee foreclosure clock.
Tennessee uses a non-judicial foreclosure process, and a typical case runs 2 to 3 months — that window is how much real time an owner has to catch up, refinance, or sell.
How long it really takes: PRACTITIONER ESTIMATE (Nolo/AllLaw): roughly 5-6 months from first missed payment to sale — federal rules require 120+ days of delinquency, and the Tennessee nonjudicial process itself (mailed notice + 3 publications, first at least 20 days before sale) can finish in about 40-60 more days. One of the fastest foreclosure states; no court case or court-set dates.
Primary statute: Tenn. Code Ann. §35-5-101. This is general information, not legal advice — confirm the specifics with a local attorney.
If you need to sell fast.
The numbers above describe the traditional route in Tennessee: roughly 7.05% of the price in selling costs and about 61 days of waiting before a financed buyer even closes. When time is the real problem — a foreclosure date, back taxes, a move that can't wait — some owners trade part of the headline price for speed and certainty by selling as-is to a cash buyer.
Your cash option: You can request offers on Tennessee houses sold as-is — no repairs, no commissions, no fees to you. Requesting offers is free, and you decide what happens next.
See what the Tennessee numbers mean for your house.
Compare the traditional math above with a fast as-is sale — free tools, sourced data, and a timeline you control.
Selling fast in Tennessee →