Is Sherwood, TN 37376 a buyer’s or seller’s market?
Sherwood is a seller’s market. With about 3.2 months of supply and 0% 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 Sherwood housing market right now
In the three months ending August 31, 2026, 0% of homes in Sherwood, TN 37376 sold above their list price, the typical home went under contract in 137 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 1 sale, 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 (39 days then) and the median sale price rose 100% to $139,939. Overall, Sherwood is less competitive than a year ago, which gives buyers more room.
Within Franklin County, homes here sell more slowly, and 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 37376
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 →Where Sherwood is
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Questions about Sherwood real estate
Is Sherwood a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Sherwood, TN 37376 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 Sherwood?
The typical home went under contract in 137 days in the latest three months.
Do homes in Sherwood sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.3% of the list price.
What are property taxes in Sherwood?
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 Sherwood?
The median sale price was $139,939 in the three months ending August 31, 2026, about $92 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