Is Halls, TN 38040 a buyer’s or seller’s market?
Halls is a balanced market. With about 4.4 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Halls housing market right now
In the three months ending August 31, 2026, 13% of homes in Halls, TN 38040 sold above their list price, the typical home went under contract in 47 days and there were 4.4 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 8 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold faster (67 days then) and the median sale price held steady to $172,925. Overall, Halls is more competitive than a year ago, so tougher for buyers.
Nearby, buyers who want less competition could look at Henning 38041 (0% sold over asking), while Ripley 38063 (15% sold over asking) is even more competitive.
Run the numbers for 38040
Nearby markets
Henning 38041Seller’s market $97 /sq ftRipley 38063Seller’s market $118 /sq ft Browse all markets →Towns like Halls nearby
Find towns like Halls in other states →Where Halls is
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Questions about Halls real estate
Is Halls a buyer’s or seller’s market?
A balanced market: there were 4.4 months of supply in Halls, TN 38040 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 Halls?
The typical home went under contract in 47 days in the latest three months.
Do homes in Halls sell over asking?
13% of homes sold above their original list price, and the typical sale closed at 92.0% of the list price.
What are property taxes in Halls?
About 0.59% of a home’s value a year in Lauderdale County, or roughly $2,360 on a $400,000 home.
What is the median home price in Halls?
The median sale price was $172,925 in the three months ending August 31, 2026, about $136 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