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IRON CITY, TN 38463

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

Market Overview

Active Listings
12
vs 12 last year
Pending
0
0% pending ratio
Median Price
$374,450
⇩ 1.2% vs $379,000 last year
Average Price
$367,342
⇧ 0.4% vs $365,704 last year
Days on Market
81
⇧ 35% vs 60 days last year

Market Context

Population: 2,802  ·  Density: 9.4/mi²  ·  Median household income: $65,036

Typical home value: $133,018  ·  Homeownership: 94.0%

Market Analysis

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

The IRON CITY, TN real estate market (38463) currently shows 12 active listings. Homes are averaging 81 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 81 days on market compared to 60 days last year.

The median listing price has fallen 1.2% year-over-year, from $379,000 to $374,450.

Whether you are buying or selling in IRON CITY, 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
  • Days on market: 81 now vs 60 last year

Median & Average Pricing

Year over Year
  • Median: $374,450 (-1.2% YoY)
  • Average: $367,342 (+0.4% 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 28.2 miles — 382 listings ($179,800,598 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38463Iron City, TN 384630.0 mi12$4,408,104$374,450$367,342
38481Saint Joseph, TN 384819.3 mi1$118,000$118,000$118,000
35634Florence, AL 3563410.2 mi49$31,894,051$450,000$650,899
38469Loretto, TN 3846912.3 mi25$7,150,625$277,450$286,025
38471Lutts, TN 3847115.6 mi1$439,000$439,000$439,000
35648Lexington, AL 3564816.8 mi9$4,691,547$279,900$521,283
38464Lawrenceburg, TN 3846419.6 mi107$47,332,734$379,000$442,362
38468Leoma, TN 3846820.5 mi28$12,056,688$419,900$430,596
35661Muscle Shoals, AL 3566120.6 mi113$55,031,452$339,900$487,004
35677Waterloo, AL 3567722.9 mi7$4,609,220$729,900$658,460
35610Anderson, AL 3561024.4 mi7$4,064,550$575,000$580,650
38473Minor Hill, TN 3847327.0 mi12$4,070,664$242,500$339,222
38456Ethridge, TN 3845628.2 mi11$3,933,963$327,000$357,633

Frequently Asked Questions

How many homes are for sale in IRON CITY, TN 38463?

As of January 2026, there are 12 active listings in IRON CITY, TN (zip code 38463), compared to 12 the prior year.

What is the median home price in IRON CITY, TN 38463?

The median listing price in IRON CITY, TN 38463 is $374,450 as of January 2026, a 1.2% decrease from $379,000 the prior year.

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

Homes in IRON CITY, TN 38463 spend an average of 81 days on the market before going under contract, compared to 60 days the prior year.

Is it a seller's or buyer's market in IRON CITY, TN 38463?

Based on current inventory and days-on-market data as of January 2026, IRON CITY, TN 38463 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 81 days on market compared to 60 days last year.

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

With SELL123.com's maximum 3% commission, sellers in IRON CITY, TN 38463 save an estimated $7,489 compared to a typical 5% commission on the median listing price of $374,450. 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.