Is Madisonville, TN 37354 a buyer’s or seller’s market?
Madisonville is a seller’s market. With about 3.6 months of supply and 18% 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.
More competitive than 44% of U.S. ZIP codes, and #44 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 Madisonville housing market right now
In the three months ending August 31, 2026, 18% of homes in Madisonville, TN 37354 sold above their list price, the typical home went under contract in 45 days and there were 3.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 63 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 11%, homes sold faster (62 days then) and the median sale price rose 23% to $334,855. Overall, Madisonville is more competitive than a year ago, so tougher for buyers.
On our competition score, Madisonville ranks #44 of 299 TN ZIP codes with enough sales (score 44 out of 100).
Nearby, buyers who want less competition could look at Tellico Plains 37385 (12% sold over asking) or Sweetwater 37874 (12% sold over asking).
Run the numbers for 37354
Nearby markets
Sweetwater 37874Seller’s market $192 /sq ftTellico Plains 37385Buyer’s market $212 /sq ftVonore 37885Balanced $270 /sq ft Browse all markets →Towns like Madisonville nearby
Find towns like Madisonville in other states →Where Madisonville is
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Questions about Madisonville real estate
Is Madisonville a buyer’s or seller’s market?
A seller’s market: there were 3.6 months of supply in Madisonville, TN 37354 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 Madisonville?
The typical home went under contract in 45 days in the latest three months.
Do homes in Madisonville sell over asking?
18% of homes sold above their original list price, and the typical sale closed at 98.6% of the list price.
What are property taxes in Madisonville?
About 0.41% of a home’s value a year in Monroe County, or roughly $1,640 on a $400,000 home.
What is the median home price in Madisonville?
The median sale price was $334,855 in the three months ending August 31, 2026, about $213 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