Is Norris, TN 37828 a buyer’s or seller’s market?

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

Norris is a seller’s market. With about 2.3 months of supply and 14% 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.

Months of supply2.3Under 4 months = seller’s market
Sold above original list14.3%Share of sales, last 3 months
Median sale-to-list100%Sold price ÷ list price
Median days on market69Listing to accepted offer
Median price per sq ft$235▲ +6.7% vs. last year

The Norris housing market right now

In the three months ending August 31, 2026, 14% of homes in Norris, TN 37828 sold above their list price, the typical home went under contract in 69 days and there were 2.3 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 fell from 20%, homes sold more slowly (49 days then) and the median sale price fell 14% to $338,853. Overall, Norris is less competitive than a year ago, which gives buyers more room.

Within Anderson County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 67%.

Nearby, buyers who want less competition could look at Lake City 37769 (0% sold over asking) or Briceville 37710 (0% sold over asking), while Clinton 37716 (32% sold over asking) and Oak Ridge 37830 (23% sold over asking) are even more competitive.

Nearby markets

Andersonville 37705Seller’s market $242 /sq ftBriceville 37710Buyer’s market $174 /sq ftClinton 37716Seller’s market $210 /sq ftHeiskell 37754Balanced $197 /sq ft Browse all markets →

Where Norris is

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Questions about Norris real estate

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

A seller’s market: there were 2.3 months of supply in Norris, TN 37828 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 Norris?

The typical home went under contract in 69 days in the latest three months.

Do homes in Norris sell over asking?

14% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.

What are property taxes in Norris?

About 0.54% of a home’s value a year in Anderson County, or roughly $2,160 on a $400,000 home.

What is the median home price in Norris?

The median sale price was $338,853 in the three months ending August 31, 2026, about $235 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