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Is Gadsden, TN 38337 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Gadsden is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Months of supply4.8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list93.4%Sold price ÷ list price
Median days on market45Listing to accepted offer
Median price per sq ft$149▼ −20.0% vs. last year

The Gadsden housing market right now

In the three months ending August 31, 2026, 0% of homes in Gadsden, TN 38337 sold above their list price, the typical home went under contract in 45 days and there were 4.8 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. 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 was about the same (0% then), homes sold faster (61 days then) and the median sale price rose 18% to $281,128. Overall, Gadsden is more competitive than a year ago, so tougher for buyers.

Nearby, Friendship 38034 (25% sold over asking) is even more competitive.

Run the numbers for 38337

Prefilled for 38337Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38337Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Alamo 38001Seller’s market $157 /sq ftFriendship 38034Buyer’s market $107 /sq ftMaury City 38050 — /sq ft Browse all markets →

Towns like Gadsden nearby

Find towns like Gadsden in other states →
Obion, TN38240 · 37 miles away79% similarcheaper homes ($72K less) Dyer, TN38330 · 20 miles away77% similarcheaper homes ($51K less) · larger Alamo, TN38001 · 10 miles away74% similarcheaper homes ($28K less) · larger Huron, TN38345 · 29 miles away74% similarpricier homes ($31K more)

Where Gadsden is

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Questions about Gadsden real estate

Is Gadsden a buyer’s or seller’s market?

A balanced market: there were 4.8 months of supply in Gadsden, TN 38337 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 Gadsden?

The typical home went under contract in 45 days in the latest three months.

Do homes in Gadsden sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 93.4% of the list price.

What are property taxes in Gadsden?

About 0.59% of a home’s value a year in Crockett County, or roughly $2,360 on a $400,000 home.

What is the median home price in Gadsden?

The median sale price was $281,128 in the three months ending August 31, 2026, about $149 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