Is Erwin, TN 37650 a buyer’s or seller’s market?
Erwin is a seller’s market. With about 2.9 months of supply and 8% 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 15% of U.S. ZIP codes, and #217 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 Erwin housing market right now
In the three months ending August 31, 2026, 8% of homes in Erwin, TN 37650 sold above their list price, the typical home went under contract in 72 days and there were 2.9 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 50 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold more slowly (55 days then) and the median sale price rose 14% to $244,144. Overall, Erwin is about as competitive as it was a year ago.
On our competition score, Erwin ranks #217 of 299 TN ZIP codes with enough sales (score 21 out of 100).
Nearby, buyers who want less competition could look at Flag Pond 37657 (0% sold over asking), while Unicoi 37692 (18% sold over asking) is even more competitive.
Run the numbers for 37650
Nearby markets
Flag Pond 37657Buyer’s market $419 /sq ftUnicoi 37692Seller’s market $200 /sq ft Browse all markets →Towns like Erwin nearby
Find towns like Erwin in other states →Where Erwin is
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Questions about Erwin real estate
Is Erwin a buyer’s or seller’s market?
A seller’s market: there were 2.9 months of supply in Erwin, TN 37650 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 Erwin?
The typical home went under contract in 72 days in the latest three months.
Do homes in Erwin sell over asking?
8% of homes sold above their original list price, and the typical sale closed at 94.4% of the list price.
What are property taxes in Erwin?
About 0.52% of a home’s value a year in Unicoi County, or roughly $2,080 on a $400,000 home.
What is the median home price in Erwin?
The median sale price was $244,144 in the three months ending August 31, 2026, about $155 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