Is Cottage Grove, TN 38224 a buyer’s or seller’s market?
Cottage Grove is a seller’s market. With about 1.1 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.
The Cottage Grove housing market right now
In the three months ending August 31, 2026, 0% of homes in Cottage Grove, TN 38224 sold above their list price, the typical home went under contract in 331 days and there were 1.1 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold faster (367 days then) and the median sale price fell 16% to $324,859. Overall, Cottage Grove is more competitive than a year ago, so tougher for buyers.
Within Henry County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Paris 38242 (12% sold over asking) and Springville 38256 (8% sold over asking) are even more competitive.
Run the numbers for 38224
Nearby markets
Buchanan 38222Buyer’s market $187 /sq ftHenry 38231Seller’s market $120 /sq ftMansfield 38236 $155 /sq ftParis 38242Balanced $151 /sq ft Browse all markets →Towns like Cottage Grove nearby
Find towns like Cottage Grove in other states →Where Cottage Grove is
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Questions about Cottage Grove real estate
Is Cottage Grove a buyer’s or seller’s market?
A seller’s market: there were 1.1 months of supply in Cottage Grove, TN 38224 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 Cottage Grove?
The typical home went under contract in 331 days in the latest three months.
Do homes in Cottage Grove sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.
What are property taxes in Cottage Grove?
About 0.44% of a home’s value a year in Henry County, or roughly $1,760 on a $400,000 home.
What is the median home price in Cottage Grove?
The median sale price was $324,859 in the three months ending August 31, 2026, about $152 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