Is Tennessee Colony, TX 75861 a buyer’s or seller’s market?
Tennessee Colony is a balanced market. With about 4.3 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.
The Tennessee Colony housing market right now
In the three months ending August 31, 2026, 0% of homes in Tennessee Colony, TX 75861 sold above their list price, the typical home went under contract in 133 days and there were 4.3 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. 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 faster (153 days then) and the median sale price rose 510% to $548,763. Overall, Tennessee Colony is more competitive than a year ago, so tougher for buyers.
Within Anderson County, homes here sell more slowly, and less often over asking, than in any other ZIP code in the county.
Nearby, Frankston 75763 (13% sold over asking) and Palestine 75801 (5% sold over asking) are even more competitive.
Run the numbers for 75861
Nearby markets
Elkhart 75839Buyer’s market $73 /sq ftFrankston 75763Balanced $173 /sq ftMontalba 75853 — /sq ftPalestine 75801Balanced $144 /sq ft Browse all markets →Towns like Tennessee Colony nearby
Find towns like Tennessee Colony in other states →Where Tennessee Colony is
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Questions about Tennessee Colony real estate
Is Tennessee Colony a buyer’s or seller’s market?
A balanced market: there were 4.3 months of supply in Tennessee Colony, TX 75861 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 Tennessee Colony?
The typical home went under contract in 133 days in the latest three months.
Do homes in Tennessee Colony sell over asking?
0% of homes sold above their original list price, and the typical sale closed at 100.0% of the list price.
What are property taxes in Tennessee Colony?
About 0.92% of a home’s value a year in Anderson County, or roughly $3,680 on a $400,000 home.
What is the median home price in Tennessee Colony?
The median sale price was $548,763 in the three months ending August 31, 2026, about $225 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