OfferBackedBuyer Tools

Is Morris Chapel, TN 38361 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Morris Chapel is a buyer’s market. With about 8 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply8Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list92.9%Sold price ÷ list price
Median days on market304Listing to accepted offer
Median price per sq ft$202

The Morris Chapel housing market right now

In the three months ending August 31, 2026, 0% of homes in Morris Chapel, TN 38361 sold above their list price, the typical home went under contract in 304 days and there were 8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 2 sales, these figures can swing a lot from month to month.

Within Hardin County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.

Nearby, Shiloh 38376 (100% sold over asking) and Crump 38327 (25% sold over asking) are even more competitive.

Run the numbers for 38361

Prefilled for 38361Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38361Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Counce 38326Balanced $173 /sq ftCrump 38327Seller’s market $151 /sq ftMilledgeville 38359 $142 /sq ftOlivehill 38475Buyer’s market $98 /sq ft Browse all markets →

Towns like Morris Chapel nearby

Find towns like Morris Chapel in other states →
Counce, TN38326 · 18 miles away78% similarpricier homes ($29K more) · larger Medon, TN38356 · 34 miles away66% similarlarger · younger residents Wildersville, TN38388 · 33 miles away49% similarpricier homes ($42K more) · younger residents Decaturville, TN38329 · 20 miles away48% similarlarger · younger residents

Where Morris Chapel is

Loading map…

Questions about Morris Chapel real estate

Is Morris Chapel a buyer’s or seller’s market?

A buyer’s market: there were 8 months of supply in Morris Chapel, TN 38361 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 Morris Chapel?

The typical home went under contract in 304 days in the latest three months.

Do homes in Morris Chapel sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 92.9% of the list price.

What are property taxes in Morris Chapel?

About 0.41% of a home’s value a year in Hardin County, or roughly $1,640 on a $400,000 home.

What is the median home price in Morris Chapel?

The median sale price was $336,354 in the three months ending August 31, 2026, about $202 per square foot.

Local agents

See all agents in 38361 →

No sponsored agents in 38361 yet. Are you an agent here? Put your name in front of local buyers.

Save this ZIP (free account)

More tools for 38361

Competition score Buyer leverage Negotiation room Compare with other ZIP codes True cost to buy Property taxes Closing costs Cash buyers Backup offer odds Home value Hardin County property taxesHardin County loan limitsClosing costs in TennesseeHottest ZIP codes in Tennessee
Add this to your website

Free to use. Paste this code where you want the live widget to appear. It updates automatically. More widgets

Sizes itself to fit. If your site builder removes scripts, use “iframe only”.

Preview

Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology