Is Ridgely, TN 38080 a buyer’s or seller’s market?
Ridgely is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Ridgely housing market right now
In the three months ending August 31, 2026, 20% of homes in Ridgely, TN 38080 sold above their list price, the typical home went under contract in 87 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 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 (98 days then) and the median sale price fell 9% to $136,591. Overall, Ridgely is more competitive than a year ago, so tougher for buyers.
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Questions about Ridgely real estate
Is Ridgely a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Ridgely, TN 38080 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 Ridgely?
The typical home went under contract in 87 days in the latest three months.
Do homes in Ridgely sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.
What are property taxes in Ridgely?
About 0.67% of a home’s value a year in Lake County, or roughly $2,680 on a $400,000 home.
What is the median home price in Ridgely?
The median sale price was $136,591 in the three months ending August 31, 2026, about $77 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