The Tennessee market right now
Sales figures: Redfin Data Center, market tracker (Redfin, a national real estate brokerage), Tennessee, May 2026, all residential property types. Typical value: Zillow Home Value Index (ZHVI), Zillow Research, August 2026, mid-tier homes, seasonally adjusted. These are area-wide figures, not a value for any one home.
With about 4.4 months of supply, this is a fairly balanced market by the usual rule of thumb, and homes sold for about 2.2% below their list price on average.
Show the numbers
| Month | Median sale price |
|---|---|
| May 2026 | $413,200 |
| Apr 2026 | $400,200 |
| Mar 2026 | $392,600 |
| Feb 2026 | $385,700 |
| Jan 2026 | $384,400 |
| Dec 2025 | $395,200 |
| Nov 2025 | $391,700 |
| Oct 2025 | $404,500 |
| Sep 2025 | $391,500 |
| Aug 2025 | $393,000 |
| Jul 2025 | $393,100 |
| Jun 2025 | $405,300 |
| May 2025 | $401,200 |
| Apr 2025 | $389,700 |
| Mar 2025 | $387,100 |
| Feb 2025 | $377,600 |
| Jan 2025 | $382,800 |
| Dec 2024 | $392,700 |
| Nov 2024 | $387,100 |
| Oct 2024 | $386,900 |
| Sep 2024 | $382,300 |
| Aug 2024 | $385,000 |
| Jul 2024 | $389,000 |
| Jun 2024 | $397,600 |
| May 2024 | $390,300 |
Source: Redfin Data Center, Tennessee. Monthly figures, not seasonally adjusted, so some ups and downs are just the time of year.
Tennessee rules that affect sellers
Transfer tax
Tennessee charges a realty transfer tax of $0.37 per $100 when a deed is recorded, based on the greater of the price paid or the property's value. By law the grantee (the buyer) is responsible for paying it, although buyer and seller can agree otherwise in the contract. The tax is collected by the county register of deeds.
Local add-ons: None noted in the Department of Revenue's tax manual; the county register of deeds collects the state tax at recording.
Source: Tennessee Department of Revenue, Realty Transfer and Recordation Tax Manual (March 2023)
Seller disclosure
Yes. The Tennessee Residential Property Disclosure Act (Tenn. Code Ann. 66-5-201 and following) requires sellers of homes with one to four units to give the buyer a residential property disclosure statement listing known material defects before the purchase contract is accepted. A seller may give an "as is" disclaimer statement instead only if the buyer waives the disclosure, and some transfers are exempt. This summary comes from the Tennessee REALTORS form that restates the Act, since the official code site is not freely accessible.
Who handles the closing
Tennessee closings are customarily handled by title companies, with attorneys handling some. An attorney is not customarily required. This is based on a title insurer's industry summary, not an official state page.
Source: Stewart Title, State Laws and Customs Toolkit (secondary source)
Also worth knowing
A seller may be exempt from the disclosure form in some cases, such as court-ordered sales, some foreclosures, new construction with a written warranty, or when the owner has not lived in the home at any time in the prior 3 years. Sellers must also tell the buyer, at or before closing, about any changes since the original disclosure.
Also worth knowing
On the first sale of a newly built home, the seller must disclose the amount of any impact fees or adequate facility taxes that were paid.
Also worth knowing
Tennessee law does not require sellers to disclose that a home was the site of a homicide, suicide or felony, or that an occupant had a disease not spread by living in the home, when it had no effect on the physical structure.
Checking an agent's license
Real estate agents in Tennessee are licensed by the Tennessee Real Estate Commission (Department of Commerce and Insurance). You can look up any agent before you work with them.
Tennessee Real Estate Commission (Department of Commerce and Insurance) license lookup
Rules checked 2026-09-30. They change, and local practice varies: confirm with your title company, closing attorney or agent before relying on them. This is general information, not legal or tax advice.
Metro areas in Tennessee
Prices and pace can be very different from one metro to the next, so the local page is a better guide than the statewide figure.
Market figures: Redfin Data Center and Zillow Research, updated monthly. All states.