Is Erin, TN 37061 a buyer’s or seller’s market?
Erin is a buyer’s market. With about 7.3 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 27% of U.S. ZIP codes, and #135 of 315 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending July 31, 2026. See the breakdown
The Erin housing market right now
In the three months ending August 31, 2026, 9% of homes in Erin, TN 37061 sold above their list price, the typical home went under contract in 82 days and there were 7.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 11 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 13%, homes sold more slowly (76 days then) and the median sale price fell 22% to $214,907. Overall, Erin is less competitive than a year ago, which gives buyers more room.
Nearby, buyers who want less competition could look at Tennessee Ridge 37178 (0% sold over asking) or Stewart 37175 (0% sold over asking).
Run the numbers for 37061
Nearby markets
Stewart 37175Buyer’s market $102 /sq ftTennessee Ridge 37178Balanced $134 /sq ft Browse all markets →Towns like Erin nearby
Find towns like Erin in other states →Where Erin is
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Questions about Erin real estate
Is Erin a buyer’s or seller’s market?
A buyer’s market: there were 7.3 months of supply in Erin, TN 37061 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Erin?
The typical home went under contract in 82 days in the latest three months.
Do homes in Erin sell over asking?
9% of homes sold above their original list price, and the typical sale closed at 93.5% of the list price.
What are property taxes in Erin?
About 0.54% of a home’s value a year in Houston County, or roughly $2,160 on a $400,000 home.
What is the median home price in Erin?
The median sale price was $214,907 in the three months ending August 31, 2026, about $190 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology