Is Bakewell, TN 37304 a buyer’s or seller’s market?
Bakewell is a seller’s market. With about 2.5 months of supply and 21% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 60% of U.S. ZIP codes, and #4 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 Bakewell housing market right now
In the three months ending August 31, 2026, 21% of homes in Bakewell, TN 37304 sold above their list price, the typical home went under contract in 49 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 64 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 25%, homes sold faster (66 days then) and the median sale price rose 2% to $509,679. Overall, Bakewell is about as competitive as it was a year ago.
On our competition score, Bakewell ranks #4 of 299 TN ZIP codes with enough sales (score 58 out of 100).
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Where Bakewell is
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Questions about Bakewell real estate
Is Bakewell a buyer’s or seller’s market?
A seller’s market: there were 2.5 months of supply in Bakewell, TN 37304 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 Bakewell?
The typical home went under contract in 49 days in the latest three months.
Do homes in Bakewell sell over asking?
21% of homes sold above their original list price, and the typical sale closed at 100.4% of the list price.
What is the median home price in Bakewell?
The median sale price was $509,679 in the three months ending August 31, 2026, about $222 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