Is Tallassee, TN 37878 a buyer’s or seller’s market?
Tallassee is a buyer’s market. With about 19.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Tallassee housing market right now
In the three months ending August 31, 2026, 0% of homes in Tallassee, TN 37878 sold above their list price, the typical home went under contract in 23 days and there were 19.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, 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 faster (87 days then) and the median sale price fell 19% to $214,907. Overall, Tallassee is more competitive than a year ago, so tougher for buyers.
Within Blount County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Alcoa 37701 (25% sold over asking) and Friendsville 37737 (24% sold over asking) are even more competitive.
Run the numbers for 37878
Nearby markets
Alcoa 37701Seller’s market $252 /sq ftFriendsville 37737Seller’s market $266 /sq ftLouisville 37777Seller’s market $244 /sq ftMaryville 37801Seller’s market $225 /sq ft Browse all markets →Where Tallassee is
Loading map…
Questions about Tallassee real estate
Is Tallassee a buyer’s or seller’s market?
A buyer’s market: there were 19.2 months of supply in Tallassee, TN 37878 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 Tallassee?
The typical home went under contract in 23 days in the latest three months.
Do homes in Tallassee sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 86.0% of the list price.
What are property taxes in Tallassee?
About 0.45% of a home’s value a year in Blount County, or roughly $1,800 on a $400,000 home.
What is the median home price in Tallassee?
The median sale price was $214,907 in the three months ending August 31, 2026, about $129 per square foot.
Local agents
See all agents in 37878 →No sponsored agents in 37878 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 37878
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology