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Is Shady Valley, TN 37688 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Shady Valley is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.3Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list92.4%Sold price ÷ list price
Median days on market48Listing to accepted offer
Median price per sq ft$176▲ +107.5% vs. last year

The Shady Valley housing market right now

In the three months ending August 31, 2026, 0% of homes in Shady Valley, TN 37688 sold above their list price, the typical home went under contract in 48 days and there were 4.3 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. With only 3 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 faster (94 days then) and the median sale price rose 63% to $307,140. Overall, Shady Valley is more competitive than a year ago, so tougher for buyers.

Nearby, Mountain City 37683 (3% sold over asking) is even more competitive.

Run the numbers for 37688

Prefilled for 37688Can I win this house?Multiple-offer likelihood for a listing Prefilled for 37688Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Butler 37640Buyer’s market $304 /sq ftLaurel Bloomery 37680 — /sq ftMountain City 37683Buyer’s market $196 /sq ftTrade 37691Seller’s market $236 /sq ft Browse all markets →

Towns like Shady Valley nearby

Find towns like Shady Valley in other states →
Laurel Springs, NC28644 · 36 miles away80% similarpricier homes ($58K more) · 6 min shorter commute Nickelsville, VA24271 · 32 miles away78% similarlarger · more apartments and townhomes Creston, NC28615 · 15 miles away68% similarlarger · more renters Troutdale, VA24378 · 33 miles away67% similarcheaper homes ($54K less) · 7 min shorter commute

Where Shady Valley is

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Questions about Shady Valley real estate

Is Shady Valley a buyer’s or seller’s market?

A balanced market: there were 4.3 months of supply in Shady Valley, TN 37688 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 Shady Valley?

The typical home went under contract in 48 days in the latest three months.

Do homes in Shady Valley sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 92.4% of the list price.

What are property taxes in Shady Valley?

About 0.40% of a home’s value a year in Johnson County, or roughly $1,600 on a $400,000 home.

What is the median home price in Shady Valley?

The median sale price was $307,140 in the three months ending August 31, 2026, about $176 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