Is Benton, TN 37307 a buyer’s or seller’s market?
Benton 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 #266 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 Benton housing market right now
In the three months ending August 31, 2026, 13% of homes in Benton, TN 37307 sold above their list price, the typical home went under contract in 113 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 16 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (13% then), homes sold more slowly (90 days then) and the median sale price rose 5% to $247,393. Overall, Benton is less competitive than a year ago, which gives buyers more room.
Within Polk County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell more often over asking than in 86%. On our competition score, Benton ranks #266 of 299 TN ZIP codes with enough sales (score 15 out of 100).
Nearby, buyers who want less competition could look at Turtletown 37391 (0% sold over asking) or Reliance 37369 (0% sold over asking).
Run the numbers for 37307
Nearby markets
Conasauga 37316 — /sq ftCopperhill 37317Balanced $195 /sq ftDelano 37325Buyer’s market $180 /sq ftDucktown 37326 — /sq ft Browse all markets →Towns like Benton nearby
Find towns like Benton in other states →Where Benton is
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Questions about Benton real estate
Is Benton a buyer’s or seller’s market?
A balanced market: there were 5 months of supply in Benton, TN 37307 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 Benton?
The typical home went under contract in 113 days in the latest three months.
Do homes in Benton sell over asking?
13% of homes sold above their original list price, and the typical sale closed at 94.4% of the list price.
What are property taxes in Benton?
About 0.50% of a home’s value a year in Polk County, or roughly $2,000 on a $400,000 home.
What is the median home price in Benton?
The median sale price was $247,393 in the three months ending August 31, 2026, about $200 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