Is Ripley, TN 38063 a buyer’s or seller’s market?
Ripley is a seller’s market. With about 3.2 months of supply and 15% 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 21% of U.S. ZIP codes, and #183 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 Ripley housing market right now
In the three months ending August 31, 2026, 15% of homes in Ripley, TN 38063 sold above their list price, the typical home went under contract in 85 days and there were 3.2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 35 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 4%, homes sold more slowly (25 days then) and the median sale price rose 19% to $183,421. Overall, Ripley is less competitive than a year ago, which gives buyers more room.
On our competition score, Ripley ranks #183 of 299 TN ZIP codes with enough sales (score 26 out of 100).
Nearby, buyers who want less competition could look at Henning 38041 (0% sold over asking) or Halls 38040 (13% sold over asking).
Run the numbers for 38063
Nearby markets
Halls 38040Balanced $136 /sq ftHenning 38041Seller’s market $97 /sq ft Browse all markets →Towns like Ripley nearby
Find towns like Ripley in other states →Where Ripley is
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Questions about Ripley real estate
Is Ripley a buyer’s or seller’s market?
A seller’s market: there were 3.2 months of supply in Ripley, TN 38063 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 Ripley?
The typical home went under contract in 85 days in the latest three months.
Do homes in Ripley sell over asking?
15% of homes sold above their original list price, and the typical sale closed at 95.9% of the list price.
What are property taxes in Ripley?
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 Ripley?
The median sale price was $183,421 in the three months ending August 31, 2026, about $118 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