Is Gainesboro, TN 38562 a buyer’s or seller’s market?
Gainesboro is a balanced market. With about 5.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
More competitive than 9% of U.S. ZIP codes, and #255 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Gainesboro housing market right now
In the three months ending August 31, 2026, 7% of homes in Gainesboro, TN 38562 sold above their list price, the typical home went under contract in 60 days and there were 5.3 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. That’s based on 15 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (7% then), homes sold faster (94 days then) and the median sale price rose 26% to $277,980. Overall, Gainesboro is more competitive than a year ago, so tougher for buyers.
On our competition score, Gainesboro ranks #255 of 299 TN ZIP codes with enough sales (score 16 out of 100).
Nearby, buyers who want less competition could look at Granville 38564 (0% sold over asking) or Bloomington Springs 38545 (0% sold over asking), while Whitleyville 38588 (33% sold over asking) is even more competitive.
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Nearby markets
Bloomington Springs 38545Balanced $150 /sq ftGranville 38564Buyer’s market $148 /sq ftWhitleyville 38588Buyer’s market $222 /sq ft Browse all markets →Towns like Gainesboro nearby
Find towns like Gainesboro in other states →Where Gainesboro is
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Questions about Gainesboro real estate
Is Gainesboro a buyer’s or seller’s market?
A balanced market: there were 5.3 months of supply in Gainesboro, TN 38562 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 Gainesboro?
The typical home went under contract in 60 days in the latest three months.
Do homes in Gainesboro sell over asking?
7% of homes sold above their original list price, and the typical sale closed at 96.6% of the list price.
What are property taxes in Gainesboro?
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 Gainesboro?
The median sale price was $277,980 in the three months ending August 31, 2026, about $197 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