Is Rives, TN 38253 a buyer’s or seller’s market?
Rives is a buyer’s market. With about 9.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Rives housing market right now
In the three months ending August 31, 2026, 0% of homes in Rives, TN 38253 sold above their list price, the typical home went under contract in 98 days and there were 9.6 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 1 sale, these figures can swing a lot from month to month.
Within Obion County, homes here sell faster than in 60% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Obion 38240 (33% sold over asking) and South Fulton 38257 (13% sold over asking) are even more competitive.
Run the numbers for 38253
Nearby markets
Hornbeak 38232Balanced $148 /sq ftObion 38240Seller’s market $120 /sq ftSouth Fulton 38257Balanced $127 /sq ftTrimble 38259 — /sq ft Browse all markets →Where Rives is
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Questions about Rives real estate
Is Rives a buyer’s or seller’s market?
A buyer’s market: there were 9.6 months of supply in Rives, TN 38253 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 Rives?
The typical home went under contract in 98 days in the latest three months.
Do homes in Rives sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 88.6% of the list price.
What are property taxes in Rives?
About 0.52% of a home’s value a year in Obion County, or roughly $2,080 on a $400,000 home.
What is the median home price in Rives?
The median sale price was $154,933 in the three months ending August 31, 2026, about $91 per square foot.
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More tools for 38253
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology