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PROSPECT, TN 38477

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

Market Analysis

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

The PROSPECT, TN real estate market (38477) currently shows 10 active listings. Homes are averaging 61 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 61 days on market compared to 51 days last year.

The median listing price has fallen 13.8% year-over-year, from $379,900 to $327,500.

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 Context

Market Context

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

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

Market Overview

Active Listings
10
⇩ 23.1% vs 13 last year
Pending
0
0% pending ratio
Median Price
$327,500
⇩ 13.8% vs $379,900 last year
Average Price
$450,400
⇧ 36.6% vs $329,622 last year
Days on Market
61
⇧ 19.6% vs 51 days last year

Price Per Square Foot

Median $/sqft
$168
⇩ 11.6% vs $190/sqft last year
Median Home Size
2,203 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 10 this year vs 13 last year
  • Days on market: 61 now vs 51 last year

Median & Average Pricing

Year over Year
  • Median: $327,500 (-13.8% YoY)
  • Average: $450,400 (+36.6% 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
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 23.7 miles — 805 listings ($324,328,446 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38477Prospect, TN 384770.0 mi10$4,791,000$332,500$479,100
35620Elkmont, AL 356208.3 mi40$13,723,440$289,900$343,086
38460Goodspring, TN 384609.2 mi5$1,643,965$279,000$328,793
38449Ardmore, TN 3844910.2 mi15$6,150,165$319,950$410,011
38453Dellrose, TN 3845312.0 mi3$4,949,250$1,649,750$1,649,750
35614Athens, AL 3561413.6 mi23$7,276,625$289,900$316,375
38459Frankewing, TN 3845915.2 mi1$725,000$725,000$725,000
38468Leoma, TN 3846816.8 mi26$10,750,948$418,675$413,498
38488Taft, TN 3848818.3 mi10$5,316,170$434,950$531,617
35611Athens, AL 3561120.2 mi284$119,635,852$336,975$421,253
35749Harvest, AL 3574921.3 mi304$114,606,480$339,975$376,995
35652Rogersville, AL 3565222.2 mi55$26,950,605$368,450$490,011
38469Loretto, TN 3846923.7 mi29$7,808,946$271,725$269,274

Frequently Asked Questions

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

As of March 2026, there are 10 active listings in PROSPECT, TN (zip code 38477), compared to 13 the prior year.

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

The median listing price in PROSPECT, TN 38477 is $327,500 as of March 2026, a 13.8% decrease from $379,900 the prior year.

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

Homes in PROSPECT, TN 38477 spend an average of 61 days on the market before going under contract, compared to 51 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 March 2026, PROSPECT, TN 38477 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 61 days on market compared to 51 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 $6,550 compared to a typical 5% commission on the median listing price of $327,500. 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.