Tennessee Real Estate & Property Data

Tennessee Real Estate Market Trends
Last Updated: April 26, 2024

Get access to Tennessee real estate data and housing market reports powered by the industry’s leading provider of real estate and property data, ATTOM. There have been 118,756 residential properties sold in the Tennessee real estate market over the past 12 months. As of February 2024, the median home price in TN on single-family homes is $325,000. The median single-family home value for properties over the last 12 months is $312,484. Currently, the State of Tennessee has 344 properties in foreclosure and 71 REOs (real estate bank owned).

See how easy it is to locate target properties in TN, build bespoke property reports, and create marketing lists from ATTOM’s Tennessee real estate data.

Tennessee Real Estate Market Trends
Total Residential Properties 2,601,765
Total Commercial Properties 138,549
Avg. Home Age (Single Family Home) 43 Years
Avg. Square Feet (Single Family Home) 1,846
Total 2024 Residential Sales (year-to-date) 13,769
% of Homes Seriously Underwater (Q2 2024) 0.99%
Total 2023 Residential Sales 111,747
% of Equity Rich Homes (Q2 2024) 35.59%
Effective 2023 Property Tax 0.46%
Total Foreclosure Filings (year-to-date) 696
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Tennessee Real Estate Overview

There were 118,756 residential properties sold in the past year in Tennessee. The median home value in Tennessee is $312,484. There are a total of 2,601,765 residential properties in the TN.

Median Sales Price i
$325,000
(Feb 2024)
+6.6%
year-over-year
y-o-y
  • February '24 Feb '24 $325,000
  • January '24 Jan '24 $315,000
  • December '23 Dec '23 $315,000
  • November '23 Nov '23 $318,000
  • October '23 Oct '23 $325,000
  • September '23 Sep '23 $330,000
  • August '23 Aug '23 $336,000
  • July '23 Jul '23 $345,000
  • June '23 Jun '23 $341,900
  • May '23 May '23 $340,000
  • April '23 Apr '23 $327,500
  • March '23 Mar '23 $323,200
Median Down Payment i
$44,000
(Feb 2024)
+7.3%
year-over-year
y-o-y
  • February '24 Feb '24 $44,000
  • January '24 Jan '24 $40,000
  • December '23 Dec '23 $46,561
  • November '23 Nov '23 $47,725
  • October '23 Oct '23 $50,000
  • September '23 Sep '23 $49,800
  • August '23 Aug '23 $50,995
  • July '23 Jul '23 $51,000
  • June '23 Jun '23 $50,000
  • May '23 May '23 $47,500
  • April '23 Apr '23 $40,000
  • March '23 Mar '23 $41,482
Number of Homes Sold i
7,145
(Feb 2024)
+1.3%
year-over-year
y-o-y
  • February '24 Feb '24 7,145
  • January '24 Jan '24 6,624
  • December '23 Dec '23 7,546
  • November '23 Nov '23 8,169
  • October '23 Oct '23 9,499
  • September '23 Sep '23 9,120
  • August '23 Aug '23 11,295
  • July '23 Jul '23 9,962
  • June '23 Jun '23 11,831
  • May '23 May '23 10,826
  • April '23 Apr '23 9,150
  • March '23 Mar '23 10,535
Number of Purchase Loans i
5,241
(Feb 2024)
+1.8%
year-over-year
y-o-y
  • February '24 Feb '24 5,241
  • January '24 Jan '24 4,787
  • December '23 Dec '23 5,354
  • November '23 Nov '23 5,753
  • October '23 Oct '23 6,689
  • September '23 Sep '23 6,595
  • August '23 Aug '23 8,186
  • July '23 Jul '23 7,451
  • June '23 Jun '23 9,130
  • May '23 May '23 8,228
  • April '23 Apr '23 6,845
  • March '23 Mar '23 8,097
Number of REFI Loans i
4,136
(Feb 2024)
+20%
year-over-year
y-o-y
  • February '24 Feb '24 4,136
  • January '24 Jan '24 3,850
  • December '23 Dec '23 3,638
  • November '23 Nov '23 3,937
  • October '23 Oct '23 4,688
  • September '23 Sep '23 4,123
  • August '23 Aug '23 5,046
  • July '23 Jul '23 4,241
  • June '23 Jun '23 4,514
  • May '23 May '23 4,314
  • April '23 Apr '23 3,947
  • March '23 Mar '23 4,707
Number of HELOC Loans i
2,077
(Feb 2024)
+3.4%
year-over-year
y-o-y
  • February '24 Feb '24 2,077
  • January '24 Jan '24 1,836
  • December '23 Dec '23 1,977
  • November '23 Nov '23 2,348
  • October '23 Oct '23 2,490
  • September '23 Sep '23 2,581
  • August '23 Aug '23 2,960
  • July '23 Jul '23 2,505
  • June '23 Jun '23 3,050
  • May '23 May '23 2,837
  • April '23 Apr '23 2,589
  • March '23 Mar '23 2,979

Tennessee Real Estate Market Overview

Last 30 days
  • County
    Median Est. Value
  • County
    Median Est. Value
  • County
    Median Est. Value

Tennessee Foreclosure Activity

There were a total of 344 Tennessee properties with a foreclosure filing in February 2024. Lenders started the foreclosure process on 344 Tennessee properties and repossessed 71 Tennessee properties through completed foreclosures (REOs) in February 2024.

Total Foreclosure Filings i
344
(Feb 2024)
-9.9%
year-over-year
y-o-y
  • February '24 Feb '24 344
  • January '24 Jan '24 352
  • December '23 Dec '23 284
  • November '23 Nov '23 409
  • October '23 Oct '23 376
  • September '23 Sep '23 342
  • August '23 Aug '23 382
  • July '23 Jul '23 289
  • June '23 Jun '23 268
  • May '23 May '23 369
  • April '23 Apr '23 360
  • March '23 Mar '23 422
Foreclosure Starts i
344
(Feb 2024)
-9.9%
year-over-year
y-o-y
  • February '24 Feb '24 344
  • January '24 Jan '24 352
  • December '23 Dec '23 284
  • November '23 Nov '23 409
  • October '23 Oct '23 376
  • September '23 Sep '23 341
  • August '23 Aug '23 382
  • July '23 Jul '23 289
  • June '23 Jun '23 268
  • May '23 May '23 369
  • April '23 Apr '23 360
  • March '23 Mar '23 422
Completed Foreclosures (REOs) i
71
(Feb 2024)
-22%
year-over-year
y-o-y
  • February '24 Feb '24 71
  • January '24 Jan '24 60
  • December '23 Dec '23 69
  • November '23 Nov '23 33
  • October '23 Oct '23 45
  • September '23 Sep '23 49
  • August '23 Aug '23 83
  • July '23 Jul '23 53
  • June '23 Jun '23 50
  • May '23 May '23 78
  • April '23 Apr '23 56
  • March '23 Mar '23 84
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