Is Martin, TN 38238 a buyer’s or seller’s market?
Martin is a seller’s market. With about 1.6 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 Martin housing market right now
In the three months ending August 31, 2026, 0% of homes in Martin, TN 38238 sold above their list price, the typical home went under contract in 77 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 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 (209 days then) and the median sale price fell 35% to $312,315. Overall, Martin is more competitive than a year ago, so tougher for buyers.
Run the numbers for 38238
Where Martin is
Loading map…
Questions about Martin real estate
Is Martin a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Martin, TN 38238 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 77 days in the latest three months.
Do homes in Martin sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 96.7% of the list price.
What is the median home price in Martin?
The median sale price was $312,315 in the three months ending August 31, 2026, about $145 per square foot.
Local agents
See all agents in 38238 →No sponsored agents in 38238 yet. Are you an agent here? Put your name in front of local buyers.
More tools for 38238
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology