Is Waverly, TN 37185 a buyer’s or seller’s market?
Waverly is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 8% of U.S. ZIP codes, and #265 of 299 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 August 31, 2026. See the breakdown
The Waverly housing market right now
In the three months ending August 31, 2026, 9% of homes in Waverly, TN 37185 sold above their list price, the typical home went under contract in 96 days and there were 5 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 34 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 4%, homes sold more slowly (80 days then) and the median sale price rose 24% to $324,859. Overall, Waverly is about as competitive as it was a year ago.
On our competition score, Waverly ranks #265 of 299 TN ZIP codes with enough sales (score 15 out of 100).
Nearby, buyers who want less competition could look at Hurricane Mills 37078 (0% sold over asking), while New Johnsonville 37134 (33% sold over asking) and Mc Ewen 37101 (13% sold over asking) are even more competitive.
Run the numbers for 37185
Nearby markets
Hurricane Mills 37078Buyer’s market $236 /sq ftMc Ewen 37101Buyer’s market $204 /sq ftNew Johnsonville 37134Seller’s market $147 /sq ft Browse all markets →Towns like Waverly nearby
Find towns like Waverly in other states →Where Waverly is
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Questions about Waverly real estate
Is Waverly a buyer’s or seller’s market?
A balanced market: there were 5 months of supply in Waverly, TN 37185 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 Waverly?
The typical home went under contract in 96 days in the latest three months.
Do homes in Waverly sell over asking?
9% of homes sold above their original list price, and the typical sale closed at 96.5% of the list price.
What are property taxes in Waverly?
About 0.48% of a home’s value a year in Humphreys County, or roughly $1,920 on a $400,000 home.
What is the median home price in Waverly?
The median sale price was $324,859 in the three months ending August 31, 2026, about $192 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