Is Sewanee, TN 37375 a buyer’s or seller’s market?
Sewanee is a buyer’s market. With about 9.1 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Sewanee housing market right now
In the three months ending August 31, 2026, 0% of homes in Sewanee, TN 37375 sold above their list price, the typical home went under contract in 105 days and there were 9.1 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 6 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 more slowly (90 days then) and the median sale price fell 16% to $502,283. Overall, Sewanee is less competitive than a year ago, which gives buyers more room.
Within Franklin County, homes here sell more slowly than in 71% of the county’s ZIP codes, and sell 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 37375
Nearby markets
Belvidere 37306Balanced $248 /sq ftCowan 37318Balanced $178 /sq ftDecherd 37324Seller’s market $196 /sq ftEstill Springs 37330Balanced $226 /sq ft Browse all markets →Towns like Sewanee nearby
Find towns like Sewanee in other states →Where Sewanee is
Loading map…
Questions about Sewanee real estate
Is Sewanee a buyer’s or seller’s market?
A buyer’s market: there were 9.1 months of supply in Sewanee, TN 37375 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 Sewanee?
The typical home went under contract in 105 days in the latest three months.
Do homes in Sewanee 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 Sewanee?
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 Sewanee?
The median sale price was $502,283 in the three months ending August 31, 2026, about $251 per square foot.
Local agents
See all agents in 37375 →No sponsored agents in 37375 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 37375
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology