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SOMERVILLE, TN 38068

Real Estate Market Report  ·  Fayette County
Balanced Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
34
⇩ 47.7% vs 65 last year
Pending
8
24% pending ratio
Median Price
$330,000
⇩ 5.7% vs $349,900 last year
Average Price
$586,623
⇧ 28.9% vs $455,045 last year
Days on Market
118
⇧ 21.6% vs 97 days last year

Market Context

Population: 10,801  ·  Density: 16.1/mi²  ·  Median household income: $67,538

Typical home value: $233,366  ·  Homeownership: 72.7%

Market Analysis

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

The SOMERVILLE, TN real estate market (38068) currently shows 34 active listings, with 8 pending sales. Homes are averaging 118 days on the market before going under contract.

Inventory has tightened compared to last year, with 31 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 118 days on market compared to 97 days last year.

The median listing price has fallen 5.7% year-over-year, from $349,900 to $330,000.

Whether you are buying or selling in SOMERVILLE, 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 Trends

Inventory & Days on Market

Year over Year
  • Listings: 34 this year vs 65 last year
  • Days on market: 118 now vs 97 last year

Median & Average Pricing

Year over Year
  • Median: $330,000 (-5.7% YoY)
  • Average: $586,623 (+28.9% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 26.2 miles — 903 listings ($505,187,418 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38068Somerville, TN 380680.0 mi34$19,945,182$330,000$586,623
38076Williston, TN 3807611.7 mi7$17,132,500$517,000$2,447,500
38042Hickory Valley, TN 3804213.4 mi3$329,700$109,900$109,900
38057Moscow, TN 3805714.3 mi6$2,157,798$269,000$359,633
38039Grand Junction, TN 3803916.4 mi3$802,899$270,000$267,633
38066Rossville, TN 3806617.3 mi34$28,518,486$613,951$838,779
38008Bolivar, TN 3800819.0 mi25$7,813,450$259,900$312,538
38002Arlington, TN 3800221.2 mi204$109,916,424$540,000$538,806
38647Michigan City, MS 3864721.9 mi4$1,980,000$469,999$495,000
38017Collierville, TN 3801722.4 mi319$222,567,576$599,900$697,704
38012Brownsville, TN 3801224.4 mi58$17,635,770$245,000$304,065
38018Cordova, TN 3801825.8 mi141$55,623,513$354,500$394,493
38133Memphis, TN 3813326.2 mi65$20,764,120$314,975$319,448

Frequently Asked Questions

How many homes are for sale in SOMERVILLE, TN 38068?

As of January 2026, there are 34 active listings in SOMERVILLE, TN (zip code 38068), compared to 65 the prior year.

What is the median home price in SOMERVILLE, TN 38068?

The median listing price in SOMERVILLE, TN 38068 is $330,000 as of January 2026, a 5.7% decrease from $349,900 the prior year.

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

Homes in SOMERVILLE, TN 38068 spend an average of 118 days on the market before going under contract, compared to 97 days the prior year.

Is it a seller's or buyer's market in SOMERVILLE, TN 38068?

Based on current inventory and days-on-market data as of January 2026, SOMERVILLE, TN 38068 is currently a Balanced Market. Inventory has tightened compared to last year, with 31 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 118 days on market compared to 97 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SOMERVILLE, TN 38068 save an estimated $6,600 compared to a typical 5% commission on the median listing price of $330,000. 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.