Is Puryear, TN 38251 a buyer’s or seller’s market?
Puryear is a buyer’s market. With about 6.4 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Puryear housing market right now
In the three months ending August 31, 2026, 0% of homes in Puryear, TN 38251 sold above their list price, the typical home went under contract in 15 days and there were 6.4 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 4 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 20%, homes sold faster (64 days then) and the median sale price rose 32% to $173,925. Overall, Puryear is less competitive than a year ago, which gives buyers more room.
Within Henry County, homes here sell faster, 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 38251
Nearby markets
Buchanan 38222Buyer’s market $187 /sq ftCottage Grove 38224Seller’s market $152 /sq ftHenry 38231Seller’s market $120 /sq ftMansfield 38236 $155 /sq ft Browse all markets →Towns like Puryear nearby
Find towns like Puryear in other states →Where Puryear is
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Questions about Puryear real estate
Is Puryear a buyer’s or seller’s market?
A buyer’s market: there were 6.4 months of supply in Puryear, TN 38251 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 Puryear?
The typical home went under contract in 15 days in the latest three months.
Do homes in Puryear sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 89.4% of the list price.
What are property taxes in Puryear?
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 Puryear?
The median sale price was $173,925 in the three months ending August 31, 2026, about $146 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