Is Union City, TN 38261 a buyer’s or seller’s market?

The Union City housing market right now

In the three months ending August 31, 2026, 3% of homes in Union City, TN 38261 sold above their list price, the typical home went under contract in 70 days and there were 4.4 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 39 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (4% then), homes sold more slowly (58 days then) and the median sale price rose 21% to $236,648. Overall, Union City is less competitive than a year ago, which gives buyers more room.

Within Obion County, homes here sell faster than in 80% of the county’s ZIP codes, and sell less often over asking than in 60%. On our competition score, Union City ranks #282 of 299 TN ZIP codes with enough sales (score 11 out of 100).

Nearby, buyers who want less competition could look at Troy 38260 (0% sold over asking) or Rives 38253 (0% sold over asking), while Obion 38240 (33% sold over asking) and South Fulton 38257 (13% sold over asking) are even more competitive.