Is Leoma, TN 38468 a buyer’s or seller’s market?

The Leoma housing market right now

In the three months ending August 31, 2026, 6% of homes in Leoma, TN 38468 sold above their list price, the typical home went under contract in 46 days and there were 5.9 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. That’s based on 19 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 16%, homes sold faster (56 days then) and the median sale price rose 27% to $317,812. Overall, Leoma is less competitive than a year ago, which gives buyers more room.

Within Lawrence County, homes here sell faster than in any other ZIP code in the county, and sell more often over asking than in 57%. On our competition score, Leoma ranks #205 of 299 TN ZIP codes with enough sales (score 23 out of 100).

Nearby, buyers who want less competition could look at Saint Joseph 38481 (0% sold over asking) or Loretto 38469 (0% sold over asking), while Westpoint 38486 (100% sold over asking) and Lawrenceburg 38464 (13% sold over asking) are even more competitive.