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Is Watauga, TN 37694 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Watauga is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply9.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list97.8%Sold price ÷ list price
Median days on market49Listing to accepted offer
Median price per sq ft$190▲ +21.0% vs. last year

The Watauga housing market right now

In the three months ending August 31, 2026, 0% of homes in Watauga, TN 37694 sold above their list price, the typical home went under contract in 49 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.

Compared with the same period a year earlier, the share selling over asking fell from 14%, homes sold faster (67 days then) and the median sale price rose 47% to $368,541. Overall, Watauga is less competitive than a year ago, which gives buyers more room.

Nearby, Hampton 37658 (20% sold over asking) and Elizabethton 37643 (12% sold over asking) are even more competitive.

Run the numbers for 37694

Prefilled for 37694Can I win this house?Multiple-offer likelihood for a listing Prefilled for 37694Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Elizabethton 37643Seller’s market $183 /sq ftHampton 37658Seller’s market $176 /sq ftRoan Mountain 37687Buyer’s market $229 /sq ft Browse all markets →

Towns like Watauga nearby

Find towns like Watauga in other states →
Telford, TN37690 · 17 miles away85% similarpricier homes ($43K more) · larger Fall Branch, TN37656 · 20 miles away81% similarpricier homes ($33K more) · larger Mount Carmel, TN37645 · 25 miles away75% similarlarger · 5 min longer commute Meadowview, VA24361 · 36 miles away74% similarlarger · younger residents

Where Watauga is

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Questions about Watauga real estate

Is Watauga a buyer’s or seller’s market?

A buyer’s market: there were 9.6 months of supply in Watauga, TN 37694 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 Watauga?

The typical home went under contract in 49 days in the latest three months.

Do homes in Watauga sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 97.8% of the list price.

What are property taxes in Watauga?

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 Watauga?

The median sale price was $368,541 in the three months ending August 31, 2026, about $190 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