Is Speedwell, TN 37870 a buyer’s or seller’s market?
Speedwell is a buyer’s market. With about 7.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Speedwell housing market right now
In the three months ending August 31, 2026, 8% of homes in Speedwell, TN 37870 sold above their list price, the typical home went under contract in 59 days and there were 7.2 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 12 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold faster (93 days then) and the median sale price fell 14% to $272,382. Overall, Speedwell is more competitive than a year ago, so tougher for buyers.
Within Claiborne County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in 60%.
Nearby, buyers who want less competition could look at New Tazewell 37825 (0% sold over asking) or Harrogate 37752 (0% sold over asking), while Clairfield 37715 (100% sold over asking) and Tazewell 37879 (18% sold over asking) are even more competitive.
Run the numbers for 37870
Nearby markets
Clairfield 37715Buyer’s market $120 /sq ftCumberland Gap 37724Buyer’s market $113 /sq ftHarrogate 37752Buyer’s market $198 /sq ftNew Tazewell 37825Balanced $148 /sq ft Browse all markets →Towns like Speedwell nearby
Find towns like Speedwell in other states →Where Speedwell is
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Questions about Speedwell real estate
Is Speedwell a buyer’s or seller’s market?
A buyer’s market: there were 7.2 months of supply in Speedwell, TN 37870 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 Speedwell?
The typical home went under contract in 59 days in the latest three months.
Do homes in Speedwell sell over asking?
8% of homes sold above their original list price, and the typical sale closed at 91.8% of the list price.
What are property taxes in Speedwell?
About 0.49% of a home’s value a year in Claiborne County, or roughly $1,960 on a $400,000 home.
What is the median home price in Speedwell?
The median sale price was $272,382 in the three months ending August 31, 2026, about $205 per square foot.
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More tools for 37870
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology