Is Lenoir City, TN 37771 a buyer’s or seller’s market?
Lenoir City is a seller’s market. With about 3 months of supply and 13% 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 35% of U.S. ZIP codes, and #81 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 Lenoir City housing market right now
In the three months ending August 31, 2026, 13% of homes in Lenoir City, TN 37771 sold above their list price, the typical home went under contract in 68 days and there were 3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 71 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 22%, homes sold more slowly (64 days then) and the median sale price rose 16% to $427,315. Overall, Lenoir City is less competitive than a year ago, which gives buyers more room.
Within Loudon County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in 75%. On our competition score, Lenoir City ranks #81 of 299 TN ZIP codes with enough sales (score 36 out of 100).
Nearby, buyers who want less competition could look at Philadelphia 37846 (0% sold over asking) or Greenback 37742 (7% sold over asking), while Lenoir City 37772 (21% sold over asking) is even more competitive.
Run the numbers for 37771
Nearby markets
Greenback 37742Balanced $269 /sq ftLenoir City 37772Seller’s market $234 /sq ftLoudon 37774Seller’s market $253 /sq ftPhiladelphia 37846Seller’s market $278 /sq ft Browse all markets →Towns like Lenoir City nearby
Find towns like Lenoir City in other states →Where Lenoir City is
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Questions about Lenoir City real estate
Is Lenoir City a buyer’s or seller’s market?
A seller’s market: there were 3 months of supply in Lenoir City, TN 37771 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 Lenoir City?
The typical home went under contract in 68 days in the latest three months.
Do homes in Lenoir City sell over asking?
13% of homes sold above their original list price, and the typical sale closed at 98.6% of the list price.
What are property taxes in Lenoir City?
About 0.33% of a home’s value a year in Loudon County, or roughly $1,320 on a $400,000 home.
What is the median home price in Lenoir City?
The median sale price was $427,315 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