Is Gordonsville, TN 38563 a buyer’s or seller’s market?
Gordonsville is a buyer’s market. With about 29.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Gordonsville housing market right now
In the three months ending August 31, 2026, 0% of homes in Gordonsville, TN 38563 sold above their list price, the typical home went under contract in 45 days and there were 29.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room 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 (42 days then) and the median sale price rose 98% to $642,211. Overall, Gordonsville is about as competitive as it was a year ago.
Within Smith County, homes here sell faster than in 71% of the county’s ZIP codes, and sell less often over asking than in any other ZIP code in the county.
Nearby, Brush Creek 38547 (25% sold over asking) and Carthage 37030 (12% sold over asking) are even more competitive.
Run the numbers for 38563
Nearby markets
Brush Creek 38547Seller’s market $221 /sq ftCarthage 37030Balanced $157 /sq ftChestnut Mound 38552Buyer’s market $55 /sq ftElmwood 38560Buyer’s market $249 /sq ft Browse all markets →Towns like Gordonsville nearby
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Questions about Gordonsville real estate
Is Gordonsville a buyer’s or seller’s market?
A buyer’s market: there were 29.8 months of supply in Gordonsville, TN 38563 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 Gordonsville?
The typical home went under contract in 45 days in the latest three months.
Do homes in Gordonsville sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 89.9% of the list price.
What are property taxes in Gordonsville?
About 0.47% of a home’s value a year in Smith County, or roughly $1,880 on a $400,000 home.
What is the median home price in Gordonsville?
The median sale price was $642,211 in the three months ending August 31, 2026, about $338 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