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OLIVER SPRINGS, TN 37840

Real Estate Market Report  ·  Morgan County
Balanced Market
April 2026  ·  Source: Realtor.com

Market Analysis

Data as of April 2026. Source: Realtor.com.

The OLIVER SPRINGS, TN real estate market (37840) currently shows 23 active listings, with 10 pending sales. Homes are averaging 66 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 66 days on market compared to 52 days last year.

The median listing price has fallen 4% year-over-year, from $322,500 to $309,725.

Whether you are buying or selling in OLIVER SPRINGS, TN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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Market Context

Market Context

Population: 10,451  ·  Density: 50.0/mi²  ·  Median household income: $58,559

Typical home value: $180,109  ·  Homeownership: 76.9%

Market Overview

Active Listings
23
⇩ 20.7% vs 29 last year
Pending
10
43% pending ratio
Median Price
$309,725
⇩ 4% vs $322,500 last year
Average Price
$387,908
⇧ 7.6% vs $360,480 last year
Days on Market
66
⇧ 26.9% vs 52 days last year

Price Per Square Foot

Median $/sqft
$196
⇩ 2% vs $200/sqft last year
Median Home Size
1,573 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 23 this year vs 29 last year
  • Days on market: 66 now vs 52 last year

Median & Average Pricing

Year over Year
  • Median: $309,725 (-4% YoY)
  • Average: $387,908 (+7.6% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 21.4 miles — 1,032 listings ($579,782,433 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
37840Oliver Springs, TN 378400.0 mi18$6,243,624$332,750$346,868
37830Oak Ridge, TN 378307.8 mi159$72,908,337$420,000$458,543
37716Clinton, TN 3771611.6 mi111$51,764,961$387,425$466,351
37887Wartburg, TN 3788713.8 mi15$6,517,080$411,425$434,472
37931Knoxville, TN 3793114.9 mi190$92,003,320$473,750$484,228
37714Caryville, TN 3771415.8 mi17$9,537,170$334,750$561,010
37770Lancing, TN 3777016.5 mi10$2,884,500$321,175$288,450
37756Huntsville, TN 3775616.9 mi13$5,427,669$310,375$417,513
37849Powell, TN 3784918.2 mi137$61,066,928$394,475$445,744
37828Norris, TN 3782819.4 mi7$2,959,600$442,400$422,800
37922Knoxville, TN 3792220.3 mi189$209,032,110$731,875$1,105,990
37909Knoxville, TN 3790920.9 mi38$17,920,078$381,200$471,581
37921Knoxville, TN 3792121.4 mi128$41,517,056$312,225$324,352

Frequently Asked Questions

How many homes are for sale in OLIVER SPRINGS, TN 37840?

As of April 2026, there are 23 active listings in OLIVER SPRINGS, TN (zip code 37840), compared to 29 the prior year.

What is the median home price in OLIVER SPRINGS, TN 37840?

The median listing price in OLIVER SPRINGS, TN 37840 is $309,725 as of April 2026, a 4% decrease from $322,500 the prior year.

How long do homes stay on the market in OLIVER SPRINGS, TN?

Homes in OLIVER SPRINGS, TN 37840 spend an average of 66 days on the market before going under contract, compared to 52 days the prior year.

Is it a seller's or buyer's market in OLIVER SPRINGS, TN 37840?

Based on current inventory and days-on-market data as of April 2026, OLIVER SPRINGS, TN 37840 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 66 days on market compared to 52 days last year.

How much can I save on real estate commission in OLIVER SPRINGS, TN?

With SELL123.com's maximum 3% commission, sellers in OLIVER SPRINGS, TN 37840 save an estimated $6,195 compared to a typical 5% commission on the median listing price of $309,725. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.