Is Toone, TN 38381 a buyer’s or seller’s market?
Toone is a seller’s market. With about 1.3 months of supply and 20% 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.
The Toone housing market right now
In the three months ending August 31, 2026, 20% of homes in Toone, TN 38381 sold above their list price, the typical home went under contract in 14 days and there were 1.3 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 fell from 100%, homes sold more slowly (7 days then) and the median sale price rose 38% to $289,875. Overall, Toone is less competitive than a year ago, which gives buyers more room.
Within Hardeman County, homes here sell faster than in 83% of the county’s ZIP codes, and sell more often over asking than in 83%.
Nearby, buyers who want less competition could look at Saulsbury 38067 (0% sold over asking) or Middleton 38052 (0% sold over asking), while Whiteville 38075 (50% sold over asking) is even more competitive.
Run the numbers for 38381
Nearby markets
Bolivar 38008Buyer’s market $135 /sq ftGrand Junction 38039Balanced $106 /sq ftHickory Valley 38042 — /sq ftHornsby 38044Buyer’s market $228 /sq ft Browse all markets →Towns like Toone nearby
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Questions about Toone real estate
Is Toone a buyer’s or seller’s market?
A seller’s market: there were 1.3 months of supply in Toone, TN 38381 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 Toone?
The typical home went under contract in 14 days in the latest three months.
Do homes in Toone sell over asking?
20% of homes sold above their original list price, and the typical sale closed at 95.3% of the list price.
What are property taxes in Toone?
About 0.63% of a home’s value a year in Hardeman County, or roughly $2,520 on a $400,000 home.
What is the median home price in Toone?
The median sale price was $289,875 in the three months ending August 31, 2026, about $134 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