Tennessee started 2025 with a total of 21,328 single-family homes on the market, with a median home price of $425,000 and an average price per square foot of $263.26. By the end of the year, inventory had increased to 25,978 homes on the market (+22%), with a median home price of $429,900 (+1%), and an average price per square foot of $253 (-4%).
At the start of 2025, the median days on market (DOM) was 91 days – by the end of the year, median DOM had decreased to 91 days.
Tennessee started the year with 34.96% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 38.37% of homes for sale had taken a price cut.
Finally, Altos’ proprietary Market Action Index (MAI) shows that Tennessee started 2025 as a buyer's market, with an MAI score of 29; by the end of the year, the MAI had increased to 31 – a seller's market.Market Update for June 11, 2026
