Is Summertown, TN 38483 a buyer’s or seller’s market?

The Summertown housing market right now

In the three months ending August 31, 2026, 6% of homes in Summertown, TN 38483 sold above their list price, the typical home went under contract in 70 days and there were 9.4 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 16 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 24%, homes sold faster (106 days then) and the median sale price fell 1% to $379,836. Overall, Summertown is less competitive than a year ago, which gives buyers more room.

Within Lawrence County, homes here sell faster than in 57% of the county’s ZIP codes, and sell more often over asking than in 71%. On our competition score, Summertown ranks #240 of 299 TN ZIP codes with enough sales (score 18 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.