Is Roan Mountain, TN 37687 a buyer’s or seller’s market?
Roan Mountain is a buyer’s market. With about 7.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 5% of U.S. ZIP codes, and #280 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 Roan Mountain housing market right now
In the three months ending August 31, 2026, 6% of homes in Roan Mountain, TN 37687 sold above their list price, the typical home went under contract in 54 days and there were 7.8 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 19 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (69 days then) and the median sale price rose 45% to $391,830. Overall, Roan Mountain is more competitive than a year ago, so tougher for buyers.
On our competition score, Roan Mountain ranks #280 of 299 TN ZIP codes with enough sales (score 11 out of 100).
Nearby, buyers who want less competition could look at Watauga 37694 (0% sold over asking), while Hampton 37658 (20% sold over asking) and Elizabethton 37643 (12% sold over asking) are even more competitive.
Run the numbers for 37687
Nearby markets
Elizabethton 37643Seller’s market $183 /sq ftHampton 37658Seller’s market $176 /sq ftWatauga 37694Buyer’s market $190 /sq ft Browse all markets →Towns like Roan Mountain nearby
Find towns like Roan Mountain in other states →Where Roan Mountain is
Loading map…
Questions about Roan Mountain real estate
Is Roan Mountain a buyer’s or seller’s market?
A buyer’s market: there were 7.8 months of supply in Roan Mountain, TN 37687 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 Roan Mountain?
The typical home went under contract in 54 days in the latest three months.
Do homes in Roan Mountain sell over asking?
6% of homes sold above their original list price, and the typical sale closed at 94.5% of the list price.
What are property taxes in Roan Mountain?
About 0.51% of a home’s value a year in Carter County, or roughly $2,040 on a $400,000 home.
What is the median home price in Roan Mountain?
The median sale price was $391,830 in the three months ending August 31, 2026, about $229 per square foot.
Local agents
See all agents in 37687 →No sponsored agents in 37687 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 37687
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology