Is Elora, TN 37328 a buyer’s or seller’s market?
Elora is a seller’s market. With about 1.9 months of supply and 20% 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.
The Elora housing market right now
In the three months ending August 31, 2026, 20% of homes in Elora, TN 37328 sold above their list price, the typical home went under contract in 85 days and there were 1.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (128 days then) and the median sale price held steady to $268,884. Overall, Elora is more competitive than a year ago, so tougher for buyers.
Within Lincoln County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 88%.
Nearby, buyers who want less competition could look at Taft 38488 (0% sold over asking) or Frankewing 38459 (0% sold over asking), while Ardmore 38449 (25% sold over asking) is even more competitive.
Run the numbers for 37328
Nearby markets
Ardmore 38449Buyer’s market $173 /sq ftDellrose 38453Seller’s market $814 /sq ftFayetteville 37334Balanced $167 /sq ftFlintville 37335Seller’s market $188 /sq ft Browse all markets →Towns like Elora nearby
Find towns like Elora in other states →Where Elora is
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Questions about Elora real estate
Is Elora a buyer’s or seller’s market?
A seller’s market: there were 1.9 months of supply in Elora, TN 37328 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 Elora?
The typical home went under contract in 85 days in the latest three months.
Do homes in Elora sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 100.8% of the list price.
What are property taxes in Elora?
About 0.45% of a home’s value a year in Lincoln County, or roughly $1,800 on a $400,000 home.
What is the median home price in Elora?
The median sale price was $268,884 in the three months ending August 31, 2026, about $189 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