Is Buffalo Valley, TN 38548 a buyer’s or seller’s market?
Buffalo Valley is a seller’s market. With about 1.6 months of supply and 50% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.
The Buffalo Valley housing market right now
In the three months ending August 31, 2026, 50% of homes in Buffalo Valley, TN 38548 sold above their list price, the typical home went under contract in 54 days and there were 1.6 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. With only 2 sales, these figures can swing a lot from month to month.
Within Putnam County, homes here sell faster than in 80% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county.
Nearby, buyers who want less competition could look at Silver Point 38582 (0% sold over asking) or Baxter 38544 (7% sold over asking).
Run the numbers for 38548
Nearby markets
Baxter 38544Seller’s market $205 /sq ftCookeville 38501Balanced $199 /sq ftCookeville 38506Balanced $193 /sq ftMonterey 38574Buyer’s market $211 /sq ft Browse all markets →Where Buffalo Valley is
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Questions about Buffalo Valley real estate
Is Buffalo Valley a buyer’s or seller’s market?
A seller’s market: there were 1.6 months of supply in Buffalo Valley, TN 38548 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 Buffalo Valley?
The typical home went under contract in 54 days in the latest three months.
Do homes in Buffalo Valley sell over asking?
50% of homes sold above their original list price, and the typical sale closed at 99.5% of the list price.
What are property taxes in Buffalo Valley?
About 0.48% of a home’s value a year in Putnam County, or roughly $1,920 on a $400,000 home.
What is the median home price in Buffalo Valley?
The median sale price was $344,851 in the three months ending August 31, 2026, about $254 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