Is Powder Springs, TN 37848 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Powder Springs is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market

Sold above original list—Share of sales, last 3 months

Median sale-to-list—Sold price ÷ list price

Median days on market—Listing to accepted offer

Median price per sq ft—

The Powder Springs housing market right now

There haven’t been enough recent sales here for a detailed summary yet.

About the area

Grainger County, TN

Population	145
Average income	$104,981
Median home value	$167,900
Owner-occupied	100% of homes
Median year built	1956

Natural hazard riskTornadoes (moderate), winter storms (moderate)

Source: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates (household income; home value as estimated by owners), ZIP code tabulation area 37848; hazard risk from the FEMA National Risk Index for the census tracts in this ZIP code (not endorsed by FEMA).

Run the numbers for 37848

Prefilled for 37848Can I win this house?Multiple-offer likelihood for a listing Prefilled for 37848Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Bean Station 37708Seller’s market $206 /sq ft Blaine 37709Buyer’s market $228 /sq ft Rutledge 37861Balanced $238 /sq ft Thorn Hill 37881Buyer’s market $160 /sq ft Browse all markets →

Where Powder Springs is

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Questions about Powder Springs real estate

What are property taxes in Powder Springs?

About 0.48% of a home’s value a year in Grainger County, or roughly $1,920 on a $400,000 home.

Local agents

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More tools for 37848

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Grainger County property taxes Grainger County loan limits Closing costs in Tennessee Hottest ZIP codes in Tennessee

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology