Is Lutts, TN 38471 a buyer’s or seller’s market?
Lutts is a balanced market. With about null months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Lutts housing market right now
In the three months ending August 31, 2026, 0% of homes in Lutts, TN 38471 sold above their list price and the typical home went under contract in 25 days. With only 1 sale, these figures can swing a lot from month to month.
Within Wayne County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Clifton 38425 (33% sold over asking) and Waynesboro 38485 (17% sold over asking) are even more competitive.
Run the numbers for 38471
Nearby markets
Clifton 38425Buyer’s market $200 /sq ftCollinwood 38450Seller’s market $200 /sq ftCypress Inn 38452Buyer’s market $216 /sq ftIron City 38463Buyer’s market $118 /sq ft Browse all markets →Where Lutts is
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Questions about Lutts real estate
How fast do homes sell in Lutts?
The typical home went under contract in 25 days in the latest three months.
Do homes in Lutts sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 88.4% of the list price.
What are property taxes in Lutts?
About 0.49% of a home’s value a year in Wayne County, or roughly $1,960 on a $400,000 home.
What is the median home price in Lutts?
The median sale price was $219,905 in the three months ending August 31, 2026, about $196 per square foot.
Local agents
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More tools for 38471
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology