Is Martin, TN 38237 a buyer’s or seller’s market?
Martin is a balanced market. With about 5 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 22% of U.S. ZIP codes, and #175 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 Martin housing market right now
In the three months ending August 31, 2026, 7% of homes in Martin, TN 38237 sold above their list price, the typical home went under contract in 30 days and there were 5 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. That’s based on 29 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 5%, homes sold faster (70 days then) and the median sale price fell 8% to $221,904. Overall, Martin is more competitive than a year ago, so tougher for buyers.
Within Weakley County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 75%. On our competition score, Martin ranks #175 of 299 TN ZIP codes with enough sales (score 27 out of 100).
Nearby, buyers who want less competition could look at Sharon 38255 (0% sold over asking) or Greenfield 38230 (0% sold over asking).
Run the numbers for 38237
Nearby markets
Dresden 38225Seller’s market $119 /sq ftDukedom 38226 — /sq ftGleason 38229Buyer’s market $125 /sq ftGreenfield 38230Seller’s market $102 /sq ft Browse all markets →Towns like Martin nearby
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Questions about Martin real estate
Is Martin a buyer’s or seller’s market?
A balanced market: there were 5 months of supply in Martin, TN 38237 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 Martin?
The typical home went under contract in 30 days in the latest three months.
Do homes in Martin sell over asking?
7% of homes sold above their original list price, and the typical sale closed at 96.9% of the list price.
What are property taxes in Martin?
About 0.48% of a home’s value a year in Weakley County, or roughly $1,920 on a $400,000 home.
What is the median home price in Martin?
The median sale price was $221,904 in the three months ending August 31, 2026, about $138 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