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Is Reagan, TN 38368 a buyer’s or seller’s market?

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

Reagan is a seller’s market. With about 0.6 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.

Months of supply0.6Under 4 months = seller’s market
Sold above original list0%Share of sales, last 3 months
Median sale-to-list95.5%Sold price ÷ list price
Median days on market22Listing to accepted offer
Median price per sq ft$114▲ +33.1% vs. last year

The Reagan housing market right now

In the three months ending August 31, 2026, 0% of homes in Reagan, TN 38368 sold above their list price, the typical home went under contract in 22 days and there were 0.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. 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 was about the same (0% then), homes sold faster (77 days then) and the median sale price rose 46% to $199,913. Overall, Reagan is more competitive than a year ago, so tougher for buyers.

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

Nearby, Darden 38328 (50% sold over asking) and Lexington 38351 (11% sold over asking) are even more competitive.

Run the numbers for 38368

Prefilled for 38368Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38368Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Darden 38328 $285 /sq ftHuron 38345Seller’s market $123 /sq ftLexington 38351Seller’s market $160 /sq ftSardis 38371Buyer’s market $154 /sq ft Browse all markets →

Towns like Reagan nearby

Find towns like Reagan in other states →
Pinson, TN38366 · 21 miles away78% similarcheaper homes ($75K less) · older residents Finger, TN38334 · 17 miles away76% similarcheaper homes ($51K less) · more single-family homes Adamsville, TN38310 · 18 miles away75% similarcheaper homes ($44K less) · larger Linden, TN37096 · 28 miles away74% similarcheaper homes ($79K less) · larger

Where Reagan is

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Questions about Reagan real estate

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

A seller’s market: there were 0.6 months of supply in Reagan, TN 38368 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 Reagan?

The typical home went under contract in 22 days in the latest three months.

Do homes in Reagan sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 95.5% of the list price.

What are property taxes in Reagan?

About 0.48% of a home’s value a year in Henderson County, or roughly $1,920 on a $400,000 home.

What is the median home price in Reagan?

The median sale price was $199,913 in the three months ending August 31, 2026, about $114 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