Is Oakfield, TN 38362 a buyer’s or seller’s market?

The Oakfield housing market right now

In the three months ending August 31, 2026, 20% of homes in Oakfield, TN 38362 sold above their list price, the typical home went under contract in 41 days and there were 5.1 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 5 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 50%, homes sold more slowly (7 days then) and the median sale price rose 5% to $238,897. Overall, Oakfield is less competitive than a year ago, which gives buyers more room.

Within Madison County, homes here sell faster than in 50% of the county’s ZIP codes, and sell more often over asking than in 88%.

Nearby, buyers who want less competition could look at Mercer 38392 (0% sold over asking) or Denmark 38391 (0% sold over asking), while Beech Bluff 38313 (33% sold over asking) is even more competitive.