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DRUMMONDS, TN 38023

Real Estate Market Report  ·  Tipton County
Seller's Market
March 2026  ·  Source: Realtor.com

Market Analysis

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

The DRUMMONDS, TN real estate market (38023) currently shows 11 active listings, with 3 pending sales. Homes are averaging 16 days on the market before going under contract.

Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 16 days on market compared to 29 days last year.

The median listing price has fallen 32.9% year-over-year, from $449,000 to $301,250.

Whether you are buying or selling in DRUMMONDS, 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: 5,365  ·  Density: 27.5/mi²  ·  Median household income: $71,403

Typical home value: $199,646  ·  Homeownership: 79.5%

Market Overview

Active Listings
11
⇩ 21.4% vs 14 last year
Pending
3
27% pending ratio
Median Price
$301,250
⇩ 32.9% vs $449,000 last year
Average Price
$407,453
⇩ 2.9% vs $419,457 last year
Days on Market
16
⇩ 44.8% vs 29 days last year

Price Per Square Foot

Median $/sqft
$185
⇧ 115.1% vs $86/sqft last year
Median Home Size
1,626 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 11 this year vs 14 last year
  • Days on market: 16 now vs 29 last year

Median & Average Pricing

Year over Year
  • Median: $301,250 (-32.9% YoY)
  • Average: $407,453 (-2.9% 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 22.5 miles — 738 listings ($140,002,395 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38023Drummonds, TN 380230.0 mi6$2,936,280$351,500$489,380
72395Wilson, AR 723959.0 mi2$212,400$106,200$106,200
72350Joiner, AR 723509.6 mi1$64,950$64,950$64,950
38004Atoka, TN 3800411.1 mi49$22,066,023$465,925$450,327
72370Osceola, AR 7237016.1 mi23$3,365,889$127,400$146,343
38127Memphis, TN 3812716.8 mi285$32,019,180$109,700$112,348
38135Memphis, TN 3813517.3 mi82$28,023,090$326,850$341,745
38041Henning, TN 3804118.2 mi4$633,500$152,500$158,375
38019Covington, TN 3801919.0 mi53$15,721,973$294,900$296,641
38108Memphis, TN 3810820.6 mi93$10,026,609$109,250$107,813
38036Gallaway, TN 3803621.3 mi1$220,000$220,000$220,000
38122Memphis, TN 3812222.0 mi134$23,937,626$163,253$178,639
72358Luxora, AR 7235822.5 mi5$774,875$186,725$154,975

Frequently Asked Questions

How many homes are for sale in DRUMMONDS, TN 38023?

As of March 2026, there are 11 active listings in DRUMMONDS, TN (zip code 38023), compared to 14 the prior year.

What is the median home price in DRUMMONDS, TN 38023?

The median listing price in DRUMMONDS, TN 38023 is $301,250 as of March 2026, a 32.9% decrease from $449,000 the prior year.

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

Homes in DRUMMONDS, TN 38023 spend an average of 16 days on the market before going under contract, compared to 29 days the prior year.

Is it a seller's or buyer's market in DRUMMONDS, TN 38023?

Based on current inventory and days-on-market data as of March 2026, DRUMMONDS, TN 38023 is currently a Seller's Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 16 days on market compared to 29 days last year.

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

With SELL123.com's maximum 3% commission, sellers in DRUMMONDS, TN 38023 save an estimated $6,025 compared to a typical 5% commission on the median listing price of $301,250. 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.