Is Riceville, TN 37370 a buyer’s or seller’s market?

The Riceville housing market right now

In the three months ending August 31, 2026, 7% of homes in Riceville, TN 37370 sold above their list price, the typical home went under contract in 82 days and there were 5.1 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 15 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold faster (86 days then) and the median sale price rose 16% to $363,843. Overall, Riceville is about as competitive as it was a year ago.

Within McMinn County, homes here sell faster than in 80% of the county’s ZIP codes, and sell less often over asking than in 60%. On our competition score, Riceville ranks #287 of 299 TN ZIP codes with enough sales (score 10 out of 100).

Nearby, buyers who want less competition could look at Calhoun 37309 (0% sold over asking) or Etowah 37331 (5% sold over asking), while Niota 37826 (32% sold over asking) and Athens 37303 (26% sold over asking) are even more competitive.