Is Lancing, TN 37770 a buyer’s or seller’s market?
Lancing is a seller’s market. With about 3.7 months of supply and 0% 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.
The Lancing housing market right now
In the three months ending August 31, 2026, 0% of homes in Lancing, TN 37770 sold above their list price, the typical home went under contract in 71 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 7 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 about as fast and the median sale price rose 11% to $282,378. Overall, Lancing is about as competitive as it was a year ago.
Within Morgan County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Oakdale 37829 (100% sold over asking) and Deer Lodge 37726 (40% sold over asking) are even more competitive.
Run the numbers for 37770
Nearby markets
Deer Lodge 37726Balanced $197 /sq ftOakdale 37829Buyer’s market $211 /sq ftOliver Springs 37840Balanced $181 /sq ftSunbright 37872Seller’s market $159 /sq ft Browse all markets →Towns like Lancing nearby
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Questions about Lancing real estate
Is Lancing a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Lancing, TN 37770 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 Lancing?
The typical home went under contract in 71 days in the latest three months.
Do homes in Lancing sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 93.9% of the list price.
What are property taxes in Lancing?
About 0.52% of a home’s value a year in Morgan County, or roughly $2,080 on a $400,000 home.
What is the median home price in Lancing?
The median sale price was $282,378 in the three months ending August 31, 2026, about $214 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