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GALLAWAY, TN 38036

Real Estate Market Report
Balanced Market
September 2026  ·  Source: Realtor.com

Market Analysis

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

The GALLAWAY, TN real estate market (38036) currently shows 1 active listings, with 1 pending sales. Homes are averaging 170 days on the market before going under contract.

Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 170 days on market compared to 23 days last year.

The median listing price has fallen 2.8% year-over-year, from $226,250 to $220,000.

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Market Context

Market Context

Population: 208  ·  Density: 352.8/mi²  ·  Median household income: $0

Typical home value: $0  ·  Homeownership: 62.2%

Market Overview

Active Listings
1
⇩ 50% vs 2 last year
Pending
1
100% pending ratio
Median Price
$220,000
⇩ 2.8% vs $226,250 last year
Average Price
$220,000
⇩ 2.8% vs $226,250 last year
Days on Market
170
⇧ 639.1% vs 23 days last year

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 1 this year vs 2 last year
  • Days on market: 170 now vs 23 last year

Median & Average Pricing

Year over Year
  • Median: $220,000 (-2.8% YoY)
  • Average: $220,000 (-2.8% 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 19.8 miles — 1,062 listings ($556,662,563 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38036Gallaway, TN 380360.0 mi1$220,000$220,000$220,000
38049Mason, TN 380495.9 mi13$11,532,586$405,750$887,122
38060Oakland, TN 3806010.3 mi140$57,209,180$399,650$408,637
38011Brighton, TN 3801111.4 mi30$10,530,090$326,175$351,003
38016Cordova, TN 3801612.9 mi146$48,018,524$327,625$328,894
38058Munford, TN 3805814.5 mi51$18,766,929$385,000$367,979
38019Covington, TN 3801916.2 mi53$15,721,973$294,900$296,641
38069Stanton, TN 3806916.8 mi10$44,779,950$276,225$4,477,995
38134Memphis, TN 3813417.1 mi95$23,323,355$246,875$245,509
38017Collierville, TN 3801718.1 mi321$226,867,392$610,975$706,752
38053Millington, TN 3805318.6 mi98$32,136,748$318,990$327,926
38120Memphis, TN 3812019.3 mi94$64,776,246$478,688$689,109
38015Burlison, TN 3801519.8 mi10$2,779,590$254,950$277,959

Frequently Asked Questions

How many homes are for sale in GALLAWAY, TN 38036?

As of September 2026, there are 1 active listings in GALLAWAY, TN (zip code 38036), compared to 2 the prior year.

What is the median home price in GALLAWAY, TN 38036?

The median listing price in GALLAWAY, TN 38036 is $220,000 as of September 2026, a 2.8% decrease from $226,250 the prior year.

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

Homes in GALLAWAY, TN 38036 spend an average of 170 days on the market before going under contract, compared to 23 days the prior year.

Is it a seller's or buyer's market in GALLAWAY, TN 38036?

Based on current inventory and days-on-market data as of September 2026, GALLAWAY, TN 38036 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 170 days on market compared to 23 days last year.

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

With SELL123.com's maximum 3% commission, sellers in GALLAWAY, TN 38036 save an estimated $4,400 compared to a typical 5% commission on the median listing price of $220,000. 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.