Is Hornbeak, TN 38232 a buyer’s or seller’s market?

The Hornbeak housing market right now

In the three months ending August 31, 2026, 11% of homes in Hornbeak, TN 38232 sold above their list price, the typical home went under contract in 246 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. With only 9 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 more slowly (83 days then) and the median sale price rose 37% to $194,916. Overall, Hornbeak is less competitive than a year ago, which gives buyers more room.

Within Obion County, homes here sell more slowly than in any other ZIP code in the county, and sell more often over asking than in 60%.

Nearby, buyers who want less competition could look at Troy 38260 (0% sold over asking) or Rives 38253 (0% sold over asking), while Obion 38240 (33% sold over asking) is even more competitive.