Is Birchwood, TN 37308 a buyer’s or seller’s market?
Birchwood is a balanced market. With about 4.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Birchwood housing market right now
In the three months ending August 31, 2026, 0% of homes in Birchwood, TN 37308 sold above their list price, the typical home went under contract in 59 days and there were 4.4 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 13 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 31%, homes sold more slowly (53 days then) and the median sale price fell 9% to $354,846. Overall, Birchwood is less competitive than a year ago, which gives buyers more room.
Within Hamilton County, homes here sell more slowly than in 78% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Sale Creek 37373 (30% sold over asking) and Chattanooga 37407 (27% sold over asking) are even more competitive.
Run the numbers for 37308
Nearby markets
Apison 37302Seller’s market $184 /sq ftChattanooga 37402Buyer’s market $332 /sq ftChattanooga 37403Buyer’s market $292 /sq ftChattanooga 37404Balanced $195 /sq ft Browse all markets →Towns like Birchwood nearby
Find towns like Birchwood in other states →Where Birchwood is
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Questions about Birchwood real estate
Is Birchwood a buyer’s or seller’s market?
A balanced market: there were 4.4 months of supply in Birchwood, TN 37308 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 Birchwood?
The typical home went under contract in 59 days in the latest three months.
Do homes in Birchwood sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.9% of the list price.
What are property taxes in Birchwood?
About 0.62% of a home’s value a year in Hamilton County, or roughly $2,480 on a $400,000 home.
What is the median home price in Birchwood?
The median sale price was $354,846 in the three months ending August 31, 2026, about $197 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