Is Michie, TN 38357 a buyer’s or seller’s market?
Michie is a buyer’s market. With about 13.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Michie housing market right now
In the three months ending August 31, 2026, 0% of homes in Michie, TN 38357 sold above their list price, the typical home went under contract in 74 days and there were 13.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 3 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 17%, homes sold faster (84 days then) and the median sale price fell 44% to $149,885. Overall, Michie is less competitive than a year ago, which gives buyers more room.
Within McNairy County, homes here sell more slowly than in 57% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Guys 38339 (100% sold over asking) and Ramer 38367 (67% sold over asking) are even more competitive.
Run the numbers for 38357
Nearby markets
Adamsville 38310Balanced $134 /sq ftBethel Springs 38315Buyer’s market $127 /sq ftFinger 38334Buyer’s market $144 /sq ftGuys 38339 $210 /sq ft Browse all markets →Towns like Michie nearby
Find towns like Michie in other states →Where Michie is
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Questions about Michie real estate
Is Michie a buyer’s or seller’s market?
A buyer’s market: there were 13.9 months of supply in Michie, TN 38357 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 Michie?
The typical home went under contract in 74 days in the latest three months.
Do homes in Michie sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 90.7% of the list price.
What are property taxes in Michie?
About 0.38% of a home’s value a year in McNairy County, or roughly $1,520 on a $400,000 home.
What is the median home price in Michie?
The median sale price was $149,885 in the three months ending August 31, 2026, about $90 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