Is Russellville, TN 37860 a buyer’s or seller’s market?
Russellville is a seller’s market. With about 2.5 months of supply and 29% 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 53% of U.S. ZIP codes, and #11 of 315 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 July 31, 2026. See the breakdown
The Russellville housing market right now
In the three months ending August 31, 2026, 29% of homes in Russellville, TN 37860 sold above their list price, the typical home went under contract in 54 days and there were 2.5 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 14 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 15%, homes sold more slowly (26 days then) and the median sale price rose 13% to $334,430. Overall, Russellville is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Whitesburg 37891 (9% sold over asking) or Morristown 37814 (11% sold over asking).
Run the numbers for 37860
Nearby markets
Morristown 37813Seller’s market $171 /sq ftMorristown 37814Seller’s market $172 /sq ftWhitesburg 37891Balanced $181 /sq ft Browse all markets →Towns like Russellville nearby
Find towns like Russellville in other states →Where Russellville is
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Questions about Russellville real estate
Is Russellville a buyer’s or seller’s market?
A seller’s market: there were 2.5 months of supply in Russellville, TN 37860 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 Russellville?
The typical home went under contract in 54 days in the latest three months.
Do homes in Russellville sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.
What are property taxes in Russellville?
About 0.41% of a home’s value a year in Hamblen County, or roughly $1,640 on a $400,000 home.
What is the median home price in Russellville?
The median sale price was $334,430 in the three months ending August 31, 2026, about $193 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