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OBION, TN 38240

Real Estate Market Report  ·  Obion County
Seller's Market
January 2026  ·  Source: Realtor.com

Market Overview

Active Listings
3
⇩ 62.5% vs 8 last year
Pending
1
33% pending ratio
Median Price
$245,000
⇩ 30% vs $349,950 last year
Average Price
$1,105,667
⇧ 30.6% vs $846,650 last year
Days on Market
53
⇩ 58.3% vs 127 days last year

Market Context

Population: 1,816  ·  Density: 8.2/mi²  ·  Median household income: $53,750

Typical home value: $96,230  ·  Homeownership: 68.4%

Market Analysis

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

The OBION, TN real estate market (38240) currently shows 3 active listings, with 1 pending sales. Homes are averaging 53 days on the market before going under contract.

Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers.

Homes are selling faster, averaging 53 days on market compared to 127 days last year.

The median listing price has fallen 30% year-over-year, from $349,950 to $245,000.

Whether you are buying or selling in OBION, 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: 3 this year vs 8 last year
  • Days on market: 53 now vs 127 last year

Median & Average Pricing

Year over Year
  • Median: $245,000 (-30% YoY)
  • Average: $1,105,667 (+30.6% 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 28.4 miles — 266 listings ($66,382,304 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38240Obion, TN 382400.0 mi3$3,317,001$245,000$1,105,667
38259Trimble, TN 382598.3 mi2$47,800$23,900$23,900
38059Newbern, TN 3805910.6 mi20$5,149,160$199,900$257,458
38079Tiptonville, TN 3807914.0 mi6$927,240$164,000$154,540
38024Dyersburg, TN 3802415.2 mi110$29,026,690$239,000$263,879
38261Union City, TN 3826116.9 mi47$12,872,642$235,000$273,886
38369Rutherford, TN 3836921.4 mi10$1,963,500$152,450$196,350
63830Caruthersville, MO 6383021.8 mi15$1,512,675$66,000$100,845
63873Portageville, MO 6387322.5 mi9$1,176,003$122,500$130,667
38255Sharon, TN 3825525.4 mi4$1,410,640$274,900$352,660
38382Trenton, TN 3838226.8 mi31$7,466,009$214,900$240,839
63879Wardell, MO 6387928.2 mi1$139,000$139,000$139,000
38257South Fulton, TN 3825728.4 mi8$1,373,944$163,500$171,743

Frequently Asked Questions

How many homes are for sale in OBION, TN 38240?

As of January 2026, there are 3 active listings in OBION, TN (zip code 38240), compared to 8 the prior year.

What is the median home price in OBION, TN 38240?

The median listing price in OBION, TN 38240 is $245,000 as of January 2026, a 30% decrease from $349,950 the prior year.

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

Homes in OBION, TN 38240 spend an average of 53 days on the market before going under contract, compared to 127 days the prior year.

Is it a seller's or buyer's market in OBION, TN 38240?

Based on current inventory and days-on-market data as of January 2026, OBION, TN 38240 is currently a Seller's Market. Inventory has tightened compared to last year, with 5 fewer active listings — creating more competition among buyers. Homes are selling faster, averaging 53 days on market compared to 127 days last year.

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

With SELL123.com's maximum 3% commission, sellers in OBION, TN 38240 save an estimated $4,900 compared to a typical 5% commission on the median listing price of $245,000. 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.