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SOMERVILLE, TN 38068

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

Market Analysis

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

The SOMERVILLE, TN real estate market (38068) currently shows 43 active listings, with 12 pending sales. Homes are averaging 40 days on the market before going under contract.

Inventory has tightened compared to last year, with 25 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 40 days on market compared to 59 days last year.

The median listing price has fallen 3.6% year-over-year, from $369,000 to $355,748.

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 Context

Market Context

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

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

Market Overview

Active Listings
43
⇩ 36.8% vs 68 last year
Pending
12
28% pending ratio
Median Price
$355,748
⇩ 3.6% vs $369,000 last year
Average Price
$590,198
⇧ 23.7% vs $477,118 last year
Days on Market
40
⇩ 32.2% vs 59 days last year

Price Per Square Foot

Median $/sqft
$171
⇧ 4.3% vs $164/sqft last year
Median Home Size
2,387 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 43 this year vs 68 last year
  • Days on market: 40 now vs 59 last year

Median & Average Pricing

Year over Year
  • Median: $355,748 (-3.6% YoY)
  • Average: $590,198 (+23.7% 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 26.2 miles — 913 listings ($518,251,984 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38068Somerville, TN 380680.0 mi34$21,513,908$349,698$632,762
38076Williston, TN 3807611.7 mi7$16,986,669$467,000$2,426,667
38042Hickory Valley, TN 3804213.4 mi3$272,175$90,725$90,725
38057Moscow, TN 3805714.3 mi5$2,108,565$417,200$421,713
38039Grand Junction, TN 3803916.4 mi3$951,000$317,000$317,000
38066Rossville, TN 3806617.3 mi31$24,742,805$601,250$798,155
38008Bolivar, TN 3800819.0 mi27$8,366,625$249,416$309,875
38002Arlington, TN 3800221.2 mi203$109,530,477$545,720$539,559
38647Michigan City, MS 3864721.9 mi3$2,583,750$861,250$861,250
38017Collierville, TN 3801722.4 mi321$226,867,392$610,975$706,752
38012Brownsville, TN 3801224.4 mi57$17,362,257$249,900$304,601
38018Cordova, TN 3801825.8 mi153$65,400,003$359,000$427,451
38133Memphis, TN 3813326.2 mi66$21,566,358$318,700$326,763

Frequently Asked Questions

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

As of March 2026, there are 43 active listings in SOMERVILLE, TN (zip code 38068), compared to 68 the prior year.

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

The median listing price in SOMERVILLE, TN 38068 is $355,748 as of March 2026, a 3.6% decrease from $369,000 the prior year.

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

Homes in SOMERVILLE, TN 38068 spend an average of 40 days on the market before going under contract, compared to 59 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 March 2026, SOMERVILLE, TN 38068 is currently a Seller's Market. Inventory has tightened compared to last year, with 25 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 40 days on market compared to 59 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 $7,115 compared to a typical 5% commission on the median listing price of $355,748. 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.