Bryan Realty
Somerville, TN 38068
Single-Family Homes
Market Report / michael@bryanrealty.com
Somerville, TN 38068
Tue Mar 31 2026
This week the median list price for Somerville, TN 38068 is $369,900 with the market action index hovering around 32. This is an increase over last month's market action index of 31. Inventory has increased to 31.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
Market Narrative
Home sales continue to outstrip supply and the Market Action Index has been moving higher for several weeks. This is a Seller’s market so watch for upward pricing pressure in the near future if the trend continues.
Real-Time Market Profile
| Median List Price | $369,900 | |
| Median Price of New Listings | $517,995 | |
| Per Square Foot | $132 | |
| Average Days on Market | 148 | |
| Median Days on Market | 70 | |
| Price Decreased | 19% | |
| Price Increased | 3% | |
| Relisted | 10% | |
| Inventory | 31 | |
| Median Rent | ||
| Market Action | 32 | |
| Slight Seller's Advantage | ||
We continue to see prices in this zip code bounce around these current levels. Look for a persistent down-shift in the Market Action Index before we see prices dip. A persistent increase in Market Action could indicate prices will test their previous high points.
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 |
|---|---|---|---|---|---|---|---|---|
| $1,147,500 | 4,399 | N/A | 3 | 3.3 | 15 | 2 | 0 | 178 |
| $469,750 | 0 | 1 - 2.5 acres | 4 | 3 | 21 | 0 | 1 | 31 |
| $337,450 | 2,299 | - | 4 | 2.5 | 12 | 1 | 1 | 49 |
| $219,000 | 2,099 | - | 2 | 2 | 55 | 1 | 1 | 70 |