Is Decherd, TN 37324 a buyer’s or seller’s market?

The Decherd housing market right now

In the three months ending August 31, 2026, 14% of homes in Decherd, TN 37324 sold above their list price, the typical home went under contract in 113 days and there were 3.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 29 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold more slowly (109 days then) and the median sale price fell 4% to $283,377. Overall, Decherd is more competitive than a year ago, so tougher for buyers.

Within Franklin County, homes here sell more slowly than in 86% of the county’s ZIP codes, and sell more often over asking than in 71%. On our competition score, Decherd ranks #177 of 299 TN ZIP codes with enough sales (score 27 out of 100).

Nearby, buyers who want less competition could look at Sherwood 37376 (0% sold over asking) or Sewanee 37375 (0% sold over asking), while Belvidere 37306 (25% sold over asking) and Estill Springs 37330 (21% sold over asking) are even more competitive.