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Is Rock Island, TN 38581 a buyer’s or seller’s market?

Buyer’s market 3 months ending August 31, 2026 · Source: Redfin

Rock Island is a buyer’s market. With about 6.7 months of supply, buyers usually have more time and more room to negotiate on price and terms.

Months of supply6.7Under 4 months = seller’s market
Sold above original list9.1%Share of sales, last 3 months
Median sale-to-list96.4%Sold price ÷ list price
Median days on market79Listing to accepted offer
Median price per sq ft$216▲ +18.6% vs. last year

The Rock Island housing market right now

In the three months ending August 31, 2026, 9% of homes in Rock Island, TN 38581 sold above their list price, the typical home went under contract in 79 days and there were 6.7 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 11 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 0%, homes sold more slowly (64 days then) and the median sale price fell 15% to $294,872. Overall, Rock Island is more competitive than a year ago, so tougher for buyers.

Run the numbers for 38581

Prefilled for 38581Can I win this house?Multiple-offer likelihood for a listing Prefilled for 38581Over-asking calculatorTypical range over list ToolOffer strength scoreHow your offer looks to a seller ToolAppraisal gapCash needed if it appraises low

Nearby markets

Mcminnville 37110Balanced $191 /sq ftMorrison 37357Balanced $225 /sq ft Browse all markets →

Towns like Rock Island nearby

Find towns like Rock Island in other states →
Evensville, TN37332 · 38 miles away90% similarsmaller · newer homes Liberty, TN37095 · 23 miles away87% similarsmaller Gruetli Laager, TN37339 · 27 miles away85% similarcheaper homes ($34K less) · smaller Pikeville, TN37367 · 28 miles away80% similarlarger · younger residents

Where Rock Island is

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Questions about Rock Island real estate

Is Rock Island a buyer’s or seller’s market?

A buyer’s market: there were 6.7 months of supply in Rock Island, TN 38581 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 Rock Island?

The typical home went under contract in 79 days in the latest three months.

Do homes in Rock Island sell over asking?

9% of homes sold above their original list price, and the typical sale closed at 96.4% of the list price.

What are property taxes in Rock Island?

About 0.42% of a home’s value a year in Warren County, or roughly $1,680 on a $400,000 home.

What is the median home price in Rock Island?

The median sale price was $294,872 in the three months ending August 31, 2026, about $216 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