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HENRY, TN 38231

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

Market Overview

Active Listings
4
⇩ 42.9% vs 7 last year
Pending
1
25% pending ratio
Median Price
$121,400
⇩ 47.7% vs $232,200 last year
Average Price
$192,450
⇩ 18.8% vs $236,929 last year
Days on Market
237
⇧ 117.4% vs 109 days last year

Market Context

Population: 1,827  ·  Density: 12.1/mi²  ·  Median household income: $41,932

Typical home value: $93,451  ·  Homeownership: 77.2%

Market Analysis

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

The HENRY, TN real estate market (38231) currently shows 4 active listings, with 1 pending sales. Homes are averaging 237 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 taking longer to sell, averaging 237 days on market compared to 109 days last year.

The median listing price has fallen 47.7% year-over-year, from $232,200 to $121,400.

Whether you are buying or selling in HENRY, 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: 4 this year vs 7 last year
  • Days on market: 237 now vs 109 last year

Median & Average Pricing

Year over Year
  • Median: $121,400 (-47.7% YoY)
  • Average: $192,450 (-18.8% 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

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 25.0 miles — 191 listings ($63,704,552 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38231Henry, TN 382310.0 mi4$769,800$121,400$192,450
38201McKenzie, TN 382018.6 mi52$15,622,724$259,900$300,437
38229Gleason, TN 3822910.3 mi8$1,886,312$154,900$235,789
38224Cottage Grove, TN 3822412.9 mi4$1,116,900$292,500$279,225
38225Dresden, TN 3822515.9 mi19$5,412,416$250,250$284,864
38251Puryear, TN 3825116.6 mi7$2,628,500$375,000$375,500
38241Palmersville, TN 3824117.5 mi6$806,400$94,000$134,400
38230Greenfield, TN 3823019.8 mi12$2,926,680$210,000$243,890
38220Atwood, TN 3822020.8 mi8$2,019,312$184,000$252,414
38222Buchanan, TN 3822221.7 mi22$16,001,194$389,999$727,327
42049Hazel, KY 4204921.9 mi2$480,000$240,000$240,000
38316Bradford, TN 3831624.0 mi6$1,713,240$214,000$285,540
38237Martin, TN 3823725.0 mi41$12,321,074$254,450$300,514

Frequently Asked Questions

How many homes are for sale in HENRY, TN 38231?

As of January 2026, there are 4 active listings in HENRY, TN (zip code 38231), compared to 7 the prior year.

What is the median home price in HENRY, TN 38231?

The median listing price in HENRY, TN 38231 is $121,400 as of January 2026, a 47.7% decrease from $232,200 the prior year.

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

Homes in HENRY, TN 38231 spend an average of 237 days on the market before going under contract, compared to 109 days the prior year.

Is it a seller's or buyer's market in HENRY, TN 38231?

Based on current inventory and days-on-market data as of January 2026, HENRY, TN 38231 is currently a Balanced Market. Inventory has tightened compared to last year, with 3 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 237 days on market compared to 109 days last year.

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

With SELL123.com's maximum 3% commission, sellers in HENRY, TN 38231 save an estimated $2,428 compared to a typical 5% commission on the median listing price of $121,400. 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.