Is Cowan, TN 37318 a buyer’s or seller’s market?
Cowan is a balanced market. With about 5.6 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Cowan housing market right now
In the three months ending August 31, 2026, 0% of homes in Cowan, TN 37318 sold above their list price, the typical home went under contract in 29 days and there were 5.6 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. With only 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (108 days then) and the median sale price rose 36% to $218,106. Overall, Cowan is more competitive than a year ago, so tougher for buyers.
Within Franklin County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Belvidere 37306 (25% sold over asking) and Estill Springs 37330 (21% sold over asking) are even more competitive.
Run the numbers for 37318
Nearby markets
Belvidere 37306Balanced $248 /sq ftDecherd 37324Seller’s market $196 /sq ftEstill Springs 37330Balanced $226 /sq ftHuntland 37345Buyer’s market $191 /sq ft Browse all markets →Towns like Cowan nearby
Find towns like Cowan in other states →Where Cowan is
Loading map…
Questions about Cowan real estate
Is Cowan a buyer’s or seller’s market?
A balanced market: there were 5.6 months of supply in Cowan, TN 37318 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 Cowan?
The typical home went under contract in 29 days in the latest three months.
Do homes in Cowan sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 95.2% of the list price.
What are property taxes in Cowan?
About 0.53% of a home’s value a year in Franklin County, or roughly $2,120 on a $400,000 home.
What is the median home price in Cowan?
The median sale price was $218,106 in the three months ending August 31, 2026, about $178 per square foot.
Local agents
See all agents in 37318 →No sponsored agents in 37318 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 37318
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology