Is Munford, TN 38058 a buyer’s or seller’s market?
Munford is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 40% of U.S. ZIP codes, and #60 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Munford housing market right now
In the three months ending August 31, 2026, 17% of homes in Munford, TN 38058 sold above their list price, the typical home went under contract in 30 days and there were 4.3 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. That’s based on 36 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (16% then), homes sold faster (32 days then) and the median sale price rose 12% to $329,857. Overall, Munford is about as competitive as it was a year ago.
Within Tipton County, homes here sell more slowly than in 80% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Munford ranks #60 of 299 TN ZIP codes with enough sales (score 41 out of 100).
Nearby, buyers who want less competition could look at Covington 38019 (4% sold over asking) or Atoka 38004 (7% sold over asking).
Run the numbers for 38058
Nearby markets
Atoka 38004Buyer’s market $151 /sq ftBrighton 38011Seller’s market $160 /sq ftBurlison 38015Balanced $188 /sq ftCovington 38019Balanced $131 /sq ft Browse all markets →Towns like Munford nearby
Find towns like Munford in other states →Where Munford is
Loading map…
Questions about Munford real estate
Is Munford a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Munford, TN 38058 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 Munford?
The typical home went under contract in 30 days in the latest three months.
Do homes in Munford sell over asking?
17% of homes sold above their original list price, and the typical sale closed at 97.7% of the list price.
What are property taxes in Munford?
About 0.50% of a home’s value a year in Tipton County, or roughly $2,000 on a $400,000 home.
What is the median home price in Munford?
The median sale price was $329,857 in the three months ending August 31, 2026, about $168 per square foot.
Local agents
See all agents in 38058 →No sponsored agents in 38058 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 38058
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology