Is Newport, TN 37821 a buyer’s or seller’s market?

The Newport housing market right now

In the three months ending August 31, 2026, 7% of homes in Newport, TN 37821 sold above their list price, the typical home went under contract in 63 days and there were 7.3 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 46 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 24%, homes sold more slowly (50 days then) and the median sale price fell 10% to $279,879. Overall, Newport is less competitive than a year ago, which gives buyers more room.

Within Cocke County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in 60%. On our competition score, Newport ranks #276 of 299 TN ZIP codes with enough sales (score 12 out of 100).

Nearby, buyers who want less competition could look at Parrottsville 37843 (0% sold over asking) or Hartford 37753 (0% sold over asking), while Cosby 37722 (25% sold over asking) and Del Rio 37727 (25% sold over asking) are even more competitive.