Is Newbern, TN 38059 a buyer’s or seller’s market?
Newbern is a seller’s market. With about 1.8 months of supply and 0% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
More competitive than 33% of U.S. ZIP codes, and #89 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 Newbern housing market right now
In the three months ending August 31, 2026, 0% of homes in Newbern, TN 38059 sold above their list price, the typical home went under contract in 27 days and there were 1.8 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 19 home sales.
Compared with the same period a year earlier, the share selling over asking fell from 11%, homes sold more slowly (19 days then) and the median sale price rose 45% to $231,700. Overall, Newbern is less competitive than a year ago, which gives buyers more room.
On our competition score, Newbern ranks #89 of 299 TN ZIP codes with enough sales (score 36 out of 100).
Nearby, Tigrett 38070 (100% sold over asking) and Dyersburg 38024 (8% sold over asking) are even more competitive.
Run the numbers for 38059
Nearby markets
Dyersburg 38024Balanced $130 /sq ftFinley 38030 — /sq ftTigrett 38070 $65 /sq ft Browse all markets →Towns like Newbern nearby
Find towns like Newbern in other states →Where Newbern is
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Questions about Newbern real estate
Is Newbern a buyer’s or seller’s market?
A seller’s market: there were 1.8 months of supply in Newbern, TN 38059 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 Newbern?
The typical home went under contract in 27 days in the latest three months.
Do homes in Newbern sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.2% of the list price.
What are property taxes in Newbern?
About 0.63% of a home’s value a year in Dyer County, or roughly $2,520 on a $400,000 home.
What is the median home price in Newbern?
The median sale price was $231,700 in the three months ending August 31, 2026, about $147 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