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Is Lobelville, TN 37097 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Lobelville is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8Under 4 months = seller’s market
Sold above original list25%Share of sales, last 3 months
Median sale-to-list97.2%Sold price ÷ list price
Median days on market84Listing to accepted offer
Median price per sq ft$235▲ +93.5% vs. last year

The Lobelville housing market right now

In the three months ending August 31, 2026, 25% of homes in Lobelville, TN 37097 sold above their list price, the typical home went under contract in 84 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 29%, homes sold more slowly (75 days then) and the median sale price rose 77% to $367,291. Overall, Lobelville is less competitive than a year ago, which gives buyers more room.

Run the numbers for 37097

Prefilled for 37097Can I win this house?Multiple-offer likelihood for a listing Prefilled for 37097Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Linden 37096Buyer’s market $137 /sq ft Browse all markets →

Towns like Lobelville nearby

Find towns like Lobelville in other states →
Erin, TN37061 · 40 miles away83% similarpricier homes ($53K more) · larger Hohenwald, TN38462 · 24 miles away81% similarpricier homes ($38K more) · larger Waverly, TN37185 · 24 miles away78% similarpricier homes ($48K more) · larger Clifton, TN38425 · 26 miles away77% similar7 min shorter commute · more renters

Where Lobelville is

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Questions about Lobelville real estate

Is Lobelville a buyer’s or seller’s market?

A buyer’s market: there were 8 months of supply in Lobelville, TN 37097 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 Lobelville?

The typical home went under contract in 84 days in the latest three months.

Do homes in Lobelville sell over asking?

25% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.

What are property taxes in Lobelville?

About 0.53% of a home’s value a year in Perry County, or roughly $2,120 on a $400,000 home.

What is the median home price in Lobelville?

The median sale price was $367,291 in the three months ending August 31, 2026, about $235 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