Is Philadelphia, TN 37846 a buyer’s or seller’s market?
Philadelphia 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 Philadelphia housing market right now
In the three months ending August 31, 2026, 0% of homes in Philadelphia, TN 37846 sold above their list price, the typical home went under contract in 161 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 more slowly (45 days then) and the median sale price rose 74% to $757,172. Overall, Philadelphia is less competitive than a year ago, which gives buyers more room.
Within Loudon County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Lenoir City 37772 (21% sold over asking) and Lenoir City 37771 (13% sold over asking) are even more competitive.
Run the numbers for 37846
Nearby markets
Greenback 37742Balanced $269 /sq ftLenoir City 37771Seller’s market $214 /sq ftLenoir City 37772Seller’s market $234 /sq ftLoudon 37774Seller’s market $253 /sq ft Browse all markets →Towns like Philadelphia nearby
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Questions about Philadelphia real estate
Is Philadelphia a buyer’s or seller’s market?
A seller’s market: there were 3.7 months of supply in Philadelphia, TN 37846 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 Philadelphia?
The typical home went under contract in 161 days in the latest three months.
Do homes in Philadelphia sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.
What are property taxes in Philadelphia?
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 Philadelphia?
The median sale price was $757,172 in the three months ending August 31, 2026, about $278 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