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Is Mansfield, TN 38236 a buyer’s or seller’s market?

3 months ending August 31, 2026 · Source: Redfin

Mansfield is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply—Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list92%Sold price ÷ list price
Median days on market133Listing to accepted offer
Median price per sq ft$155▼ −25.4% vs. last year

The Mansfield housing market right now

In the three months ending August 31, 2026, 0% of homes in Mansfield, TN 38236 sold above their list price and the typical home went under contract in 133 days. With only 1 sale, 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 more slowly (127 days then) and the median sale price fell 68% to $124,946. Overall, Mansfield is about as competitive as it was a year ago.

Within Henry County, homes here sell more slowly than in 83% of the county’s ZIP codes, and sell 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 38236

Prefilled for 38236Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38236Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Buchanan 38222Buyer’s market $187 /sq ftCottage Grove 38224Seller’s market $152 /sq ftHenry 38231Seller’s market $120 /sq ftParis 38242Balanced $151 /sq ft Browse all markets →

Towns like Mansfield nearby

Find towns like Mansfield in other states →
Big Sandy, TN38221 · 13 miles away86% similarlarger Gleason, TN38229 · 19 miles away73% similarlarger · younger residents Wildersville, TN38388 · 30 miles away68% similarpricier homes ($52K more) · more homeowners Springville, TN38256 · 10 miles away65% similarlarger · older residents

Where Mansfield is

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Questions about Mansfield real estate

How fast do homes sell in Mansfield?

The typical home went under contract in 133 days in the latest three months.

Do homes in Mansfield sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 92.0% of the list price.

What are property taxes in Mansfield?

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 Mansfield?

The median sale price was $124,946 in the three months ending August 31, 2026, about $155 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