Is Tellico Plains, TN 37385 a buyer’s or seller’s market?
Tellico Plains is a buyer’s market. With about 6.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 7% of U.S. ZIP codes, and #270 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 Tellico Plains housing market right now
In the three months ending August 31, 2026, 12% of homes in Tellico Plains, TN 37385 sold above their list price, the typical home went under contract in 81 days and there were 6.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 27 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (13% then), homes sold faster (98 days then) and the median sale price fell 7% to $278,879. Overall, Tellico Plains is more competitive than a year ago, so tougher for buyers.
On our competition score, Tellico Plains ranks #270 of 299 TN ZIP codes with enough sales (score 14 out of 100).
Nearby, Madisonville 37354 (18% sold over asking) is even more competitive.
Run the numbers for 37385
Nearby markets
Madisonville 37354Seller’s market $213 /sq ftSweetwater 37874Seller’s market $192 /sq ftVonore 37885Balanced $270 /sq ft Browse all markets →Towns like Tellico Plains nearby
Find towns like Tellico Plains in other states →Where Tellico Plains is
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Questions about Tellico Plains real estate
Is Tellico Plains a buyer’s or seller’s market?
A buyer’s market: there were 6.5 months of supply in Tellico Plains, TN 37385 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 Tellico Plains?
The typical home went under contract in 81 days in the latest three months.
Do homes in Tellico Plains sell over asking?
12% of homes sold above their original list price, and the typical sale closed at 95.4% of the list price.
What are property taxes in Tellico Plains?
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 Tellico Plains?
The median sale price was $278,879 in the three months ending August 31, 2026, about $212 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