Is Silver Point, TN 38582 a buyer’s or seller’s market?
Silver Point is a buyer’s market. With about 10.2 months of supply, buyers usually have more time and more room to negotiate on price and terms.
The Silver Point housing market right now
In the three months ending August 31, 2026, 0% of homes in Silver Point, TN 38582 sold above their list price, the typical home went under contract in 49 days and there were 10.2 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. With only 5 sales, these figures can swing a lot from month to month.
Compared with the same period a year earlier, the share selling over asking fell from 13%, homes sold faster (74 days then) and the median sale price rose 10% to $514,777. Overall, Silver Point is less competitive than a year ago, which gives buyers more room.
Within Putnam County, homes here sell faster, and less often over asking, than in any other ZIP code in the county.
Nearby, Buffalo Valley 38548 (50% sold over asking) and Cookeville 38506 (12% sold over asking) are even more competitive.
Run the numbers for 38582
Nearby markets
Baxter 38544Seller’s market $205 /sq ftBuffalo Valley 38548Seller’s market $254 /sq ftCookeville 38501Balanced $199 /sq ftCookeville 38506Balanced $193 /sq ft Browse all markets →Towns like Silver Point nearby
Find towns like Silver Point in other states →Where Silver Point is
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Questions about Silver Point real estate
Is Silver Point a buyer’s or seller’s market?
A buyer’s market: there were 10.2 months of supply in Silver Point, TN 38582 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 Silver Point?
The typical home went under contract in 49 days in the latest three months.
Do homes in Silver Point sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.
What are property taxes in Silver Point?
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 Silver Point?
The median sale price was $514,777 in the three months ending August 31, 2026, about $266 per square foot.
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More tools for 38582
Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology