Is Clarksville, TN 37040 a buyer’s or seller’s market?

The Clarksville housing market right now

In the three months ending August 31, 2026, 10% of homes in Clarksville, TN 37040 sold above their list price, the typical home went under contract in 69 days and there were 4.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 312 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (11% then), homes sold faster (71 days then) and the median sale price rose 2% to $314,864. Overall, Clarksville is about as competitive as it was a year ago.

Within Montgomery County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Clarksville ranks #179 of 299 TN ZIP codes with enough sales (score 26 out of 100).

Nearby, buyers who want less competition could look at Palmyra 37142 (0% sold over asking) or Cunningham 37052 (0% sold over asking), while Woodlawn 37191 (18% sold over asking) and Clarksville 37042 (13% sold over asking) are even more competitive.