Bryan Realty

Somerville, TN 38068

Single-Family Homes

Market Report / michael@bryanrealty.com



Somerville, TN 38068

Thu Jul 03 2025
This week the median list price for Somerville, TN 38068 is $414,900 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 49. Click here to stay informed with the Somerville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Somerville, TN 38068

Thu Jul 03 2025
This week the median list price for Somerville, TN 38068 is $414,900 with the market action index hovering around 29. This is less than last month's market action index of 30. Inventory has held steady at or around 49. Click here to stay informed with the Somerville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Buyer's Advantage

Market Narrative

The Market Action Index has been trending lower for several weeks while prices have remained relatively stable. If inventory continues to grow relative to demand however, it is likely that we will see downward pressure on pricing.

Real-Time Market Profile

Never miss important changes in the Somerville market.
Median List Price $414,900
Median Price of New Listings $419,900
Per Square Foot $189
Average Days on Market 163
Median Days on Market 91
Price Decreased 33%
Price Increased 0%
Relisted 12%
Inventory 49
Median Rent
Market Action 29
Slight Buyer's Advantage

We continue to see prices in this zip code bouncing around this plateau. Look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$875,000 3,400 10 - 20 acres 4 3.5 16 3 0 35
$483,500 2,800 1 - 2.5 acres 3 2.8 36 1 0 119
$334,950 1,800 0.25 - 0.5 acre 3 2 4 1 1 147
$244,750 1,300 - 3 1.5 57 2 0 101