Is Cedar Grove, TN 38321 a buyer’s or seller’s market?
Cedar Grove is a seller’s market. With about 2.7 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 Cedar Grove housing market right now
In the three months ending August 31, 2026, 0% of homes in Cedar Grove, TN 38321 sold above their list price, the typical home went under contract in 123 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 6 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 more slowly (46 days then) and the median sale price rose 530% to $472,296. Overall, Cedar Grove is less competitive than a year ago, which gives buyers more room.
Within Carroll County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Atwood 38220 (75% sold over asking) and Huntingdon 38344 (12% sold over asking) are even more competitive.
Run the numbers for 38321
Nearby markets
Atwood 38220Seller’s market $136 /sq ftBruceton 38317Buyer’s market $53 /sq ftBuena Vista 38318Buyer’s market $93 /sq ftHollow Rock 38342Buyer’s market $171 /sq ft Browse all markets →Towns like Cedar Grove nearby
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Questions about Cedar Grove real estate
Is Cedar Grove a buyer’s or seller’s market?
A seller’s market: there were 2.7 months of supply in Cedar Grove, TN 38321 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 Cedar Grove?
The typical home went under contract in 123 days in the latest three months.
Do homes in Cedar Grove 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 are property taxes in Cedar Grove?
About 0.58% of a home’s value a year in Carroll County, or roughly $2,320 on a $400,000 home.
What is the median home price in Cedar Grove?
The median sale price was $472,296 in the three months ending August 31, 2026, about $196 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