Is Bloomington Springs, TN 38545 a buyer’s or seller’s market?
Bloomington Springs is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Bloomington Springs housing market right now
In the three months ending August 31, 2026, 0% of homes in Bloomington Springs, TN 38545 sold above their list price, the typical home went under contract in 46 days and there were 4.3 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. With only 3 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking was about the same (0% then), homes sold more slowly (36 days then) and the median sale price fell 44% to $399,827. Overall, Bloomington Springs is less competitive than a year ago, which gives buyers more room.
Nearby, Whitleyville 38588 (33% sold over asking) and Gainesboro 38562 (7% sold over asking) are even more competitive.
Run the numbers for 38545
Nearby markets
Gainesboro 38562Balanced $197 /sq ftGranville 38564Buyer’s market $148 /sq ftWhitleyville 38588Buyer’s market $222 /sq ft Browse all markets →Towns like Bloomington Springs nearby
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Questions about Bloomington Springs real estate
Is Bloomington Springs a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Bloomington Springs, TN 38545 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 Bloomington Springs?
The typical home went under contract in 46 days in the latest three months.
Do homes in Bloomington Springs sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.0% of the list price.
What are property taxes in Bloomington Springs?
About 0.46% of a home’s value a year in Jackson County, or roughly $1,840 on a $400,000 home.
What is the median home price in Bloomington Springs?
The median sale price was $399,827 in the three months ending August 31, 2026, about $150 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