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Is Denmark, TN 38391 a buyer’s or seller’s market?

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

Denmark 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-list99.9%Sold price ÷ list price
Median days on market47Listing to accepted offer
Median price per sq ft$164

The Denmark housing market right now

In the three months ending August 31, 2026, 0% of homes in Denmark, TN 38391 sold above their list price, the typical home went under contract in 47 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 Madison County, homes here sell more slowly than in 87% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.

Nearby, Beech Bluff 38313 (33% sold over asking) and Oakfield 38362 (20% sold over asking) are even more competitive.

Run the numbers for 38391

Prefilled for 38391Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38391Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Beech Bluff 38313Seller’s market $158 /sq ftJackson 38301Seller’s market $128 /sq ftJackson 38305Seller’s market $157 /sq ftMedina 38355Balanced $174 /sq ft Browse all markets →

Towns like Denmark nearby

Find towns like Denmark in other states →
Medon, TN38356 · 10 miles away70% similarpricier homes ($61K more) · larger Pinson, TN38366 · 15 miles away69% similarpricier homes ($29K more) · larger Stanton, TN38069 · 21 miles away69% similarlarger · 9 min longer commute Wildersville, TN38388 · 34 miles away67% similarpricier homes ($107K more)

Where Denmark is

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Questions about Denmark real estate

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

A buyer’s market: there were 8 months of supply in Denmark, TN 38391 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 Denmark?

The typical home went under contract in 47 days in the latest three months.

Do homes in Denmark sell over asking?

0% of homes sold above their original list price, and the typical sale closed at 99.9% of the list price.

What are property taxes in Denmark?

About 0.56% of a home’s value a year in Madison County, or roughly $2,240 on a $400,000 home.

What is the median home price in Denmark?

The median sale price was $251,841 in the three months ending August 31, 2026, about $164 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