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Is Hohenwald, TN 38462 a buyer’s or seller’s market?

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

Hohenwald is a buyer’s market. With about 8.9 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Competition score21/ 100

More competitive than 15% of U.S. ZIP codes, and #213 of 299 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply8.9Under 4 months = seller’s market
Sold above original list17.4%Share of sales, last 3 months
Median sale-to-list97.3%Sold price ÷ list price
Median days on market93Listing to accepted offer
Median price per sq ft$204▼ −1.4% vs. last year

The Hohenwald housing market right now

In the three months ending August 31, 2026, 17% of homes in Hohenwald, TN 38462 sold above their list price, the typical home went under contract in 93 days and there were 8.9 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 24 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 8%, homes sold more slowly (56 days then) and the median sale price rose 4% to $279,879. Overall, Hohenwald is about as competitive as it was a year ago.

On our competition score, Hohenwald ranks #213 of 299 TN ZIP codes with enough sales (score 21 out of 100).

Run the numbers for 38462

Prefilled for 38462Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38462Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Hampshire 38461Buyer’s market $256 /sq ft Browse all markets →

Towns like Hohenwald nearby

Find towns like Hohenwald in other states →
Centerville, TN37033 · 17 miles away90% similarpricier homes ($45K more) Mount Pleasant, TN38474 · 16 miles away83% similarpricier homes ($75K more) · younger residents Linden, TN37096 · 21 miles away81% similarcheaper homes ($49K less) · smaller Lobelville, TN37097 · 24 miles away81% similarcheaper homes ($38K less) · smaller

Where Hohenwald is

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Questions about Hohenwald real estate

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

A buyer’s market: there were 8.9 months of supply in Hohenwald, TN 38462 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 Hohenwald?

The typical home went under contract in 93 days in the latest three months.

Do homes in Hohenwald sell over asking?

17% of homes sold above their original list price, and the typical sale closed at 97.3% of the list price.

What are property taxes in Hohenwald?

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

What is the median home price in Hohenwald?

The median sale price was $279,879 in the three months ending August 31, 2026, about $204 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