Is Lenoir City, TN 37772 a buyer’s or seller’s market?
Lenoir City is a seller’s market. With about 3.3 months of supply and 21% 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 40% of U.S. ZIP codes, and #61 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, 21% of homes in Lenoir City, TN 37772 sold above their list price, the typical home went under contract in 68 days and there were 3.3 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 74 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 14%, homes sold faster (80 days then) and the median sale price fell 5% to $544,764. Overall, Lenoir City is more competitive than a year ago, so tougher for buyers.
Within Loudon County, homes here sell faster than in 75% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Lenoir City ranks #61 of 299 TN ZIP codes with enough sales (score 40 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).
Run the numbers for 37772
Nearby markets
Greenback 37742Balanced $269 /sq ftLenoir City 37771Seller’s market $214 /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 3.3 months of supply in Lenoir City, TN 37772 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?
21% of homes sold above their original list price, and the typical sale closed at 98.4% 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 $544,764 in the three months ending August 31, 2026, about $234 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