Is Arlington, TN 38002 a buyer’s or seller’s market?

The Arlington housing market right now

In the three months ending August 31, 2026, 13% of homes in Arlington, TN 38002 sold above their list price, the typical home went under contract in 37 days and there were 3.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 187 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 19%, homes sold more slowly (26 days then) and the median sale price rose 5% to $466,798. Overall, Arlington is less competitive than a year ago, which gives buyers more room.

Within Shelby County, homes here sell more slowly than in 66% of the county’s ZIP codes, and sell more often over asking than in 50%. On our competition score, Arlington ranks #55 of 299 TN ZIP codes with enough sales (score 41 out of 100).

Nearby, buyers who want less competition could look at Memphis 38105 (0% sold over asking) or Ellendale 38029 (0% sold over asking), while Memphis 38126 (50% sold over asking) and Cordova 38018 (22% sold over asking) are even more competitive.