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PROSPECT, TN 38477

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

Market Overview

Active Listings
8
⇩ 42.9% vs 14 last year
Pending
1
13% pending ratio
Median Price
$327,450
⇩ 19.5% vs $406,800 last year
Average Price
$346,850
⇩ 55.6% vs $780,830 last year
Days on Market
110
⇧ 15.8% vs 95 days last year

Market Context

Population: 2,962  ·  Density: 11.7/mi²  ·  Median household income: $52,589

Typical home value: $163,303  ·  Homeownership: 85.6%

Market Analysis

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

The PROSPECT, TN real estate market (38477) currently shows 8 active listings, with 1 pending sales. Homes are averaging 110 days on the market before going under contract.

Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers.

Homes are taking longer to sell, averaging 110 days on market compared to 95 days last year.

The median listing price has fallen 19.5% year-over-year, from $406,800 to $327,450.

Whether you are buying or selling in PROSPECT, 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: 8 this year vs 14 last year
  • Days on market: 110 now vs 95 last year

Median & Average Pricing

Year over Year
  • Median: $327,450 (-19.5% YoY)
  • Average: $346,850 (-55.6% 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 23.7 miles — 787 listings ($307,893,739 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38477Prospect, TN 384770.0 mi8$2,774,800$327,450$346,850
35620Elkmont, AL 356208.3 mi40$12,675,920$289,900$316,898
38460Goodspring, TN 384609.2 mi5$1,178,000$233,700$235,600
38449Ardmore, TN 3844910.2 mi14$4,747,974$299,000$339,141
38453Dellrose, TN 3845312.0 mi3$3,569,850$1,189,950$1,189,950
35614Athens, AL 3561413.6 mi29$9,071,838$294,900$312,822
38459Frankewing, TN 3845915.2 mi1$725,000$725,000$725,000
38468Leoma, TN 3846816.8 mi28$12,056,688$419,900$430,596
38488Taft, TN 3848818.3 mi10$5,732,390$520,000$573,239
35611Athens, AL 3561120.2 mi288$118,191,744$332,450$410,388
35749Harvest, AL 3574921.3 mi286$106,545,010$339,000$372,535
35652Rogersville, AL 3565222.2 mi50$23,473,900$347,450$469,478
38469Loretto, TN 3846923.7 mi25$7,150,625$277,450$286,025

Frequently Asked Questions

How many homes are for sale in PROSPECT, TN 38477?

As of January 2026, there are 8 active listings in PROSPECT, TN (zip code 38477), compared to 14 the prior year.

What is the median home price in PROSPECT, TN 38477?

The median listing price in PROSPECT, TN 38477 is $327,450 as of January 2026, a 19.5% decrease from $406,800 the prior year.

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

Homes in PROSPECT, TN 38477 spend an average of 110 days on the market before going under contract, compared to 95 days the prior year.

Is it a seller's or buyer's market in PROSPECT, TN 38477?

Based on current inventory and days-on-market data as of January 2026, PROSPECT, TN 38477 is currently a Balanced Market. Inventory has tightened compared to last year, with 6 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 110 days on market compared to 95 days last year.

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

With SELL123.com's maximum 3% commission, sellers in PROSPECT, TN 38477 save an estimated $6,549 compared to a typical 5% commission on the median listing price of $327,450. 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.