Is Wartburg, TN 37887 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Wartburg is a balanced market. With about 5.9 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply5.9Under 4 months = seller’s market
Sold above original list14.3%Share of sales, last 3 months
Median sale-to-list98.3%Sold price ÷ list price
Median days on market54Listing to accepted offer
Median price per sq ft$235▲ +67.8% vs. last year

The Wartburg housing market right now

In the three months ending August 31, 2026, 14% of homes in Wartburg, TN 37887 sold above their list price, the typical home went under contract in 54 days and there were 5.9 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. 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 fell from 29%, homes sold more slowly (42 days then) and the median sale price rose 46% to $379,836. Overall, Wartburg is less competitive than a year ago, which gives buyers more room.

Within Morgan County, homes here sell more slowly than in 60% of the county’s ZIP codes, and sell less often over asking than in 60%.

Nearby, buyers who want less competition could look at Sunbright 37872 (0% sold over asking) or Lancing 37770 (0% sold over asking), while Oakdale 37829 (100% sold over asking) and Deer Lodge 37726 (40% sold over asking) are even more competitive.

Nearby markets

Deer Lodge 37726Balanced $197 /sq ftLancing 37770Seller’s market $214 /sq ftOakdale 37829Buyer’s market $211 /sq ftOliver Springs 37840Balanced $181 /sq ft Browse all markets →

Where Wartburg is

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Questions about Wartburg real estate

Is Wartburg a buyer’s or seller’s market?

A balanced market: there were 5.9 months of supply in Wartburg, TN 37887 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 Wartburg?

The typical home went under contract in 54 days in the latest three months.

Do homes in Wartburg sell over asking?

14% of homes sold above their original list price, and the typical sale closed at 98.3% of the list price.

What are property taxes in Wartburg?

About 0.52% of a home’s value a year in Morgan County, or roughly $2,080 on a $400,000 home.

What is the median home price in Wartburg?

The median sale price was $379,836 in the three months ending August 31, 2026, about $235 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