Call or Text (240) SELL-123

PROSPECT, TN 38477

Real Estate Market Report
Balanced Market
June 2026  ·  Source: Realtor.com

Market Analysis

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

The PROSPECT, TN real estate market (38477) currently shows 14 active listings, with 4 pending sales. Homes are averaging 77 days on the market before going under contract.

Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice.

Homes are selling faster, averaging 77 days on market compared to 128 days last year.

The median listing price has risen 0.8% year-over-year, from $327,425 to $329,950.

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.

★ Page Sponsor
🏠
Sponsor This Market
Realtors & Brokers — reserve this page for PROSPECT, TN 38477 and connect with motivated buyers & sellers.
Contact SELL123.com →

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
14
⇧ 40% vs 10 last year
Pending
4
29% pending ratio
Median Price
$329,950
⇧ 0.8% vs $327,425 last year
Average Price
$579,281
⇧ 93.8% vs $298,932 last year
Days on Market
77
⇩ 39.8% vs 128 days last year

Price Per Square Foot

Median $/sqft
$235
⇧ 64.3% vs $143/sqft last year
Median Home Size
1,642 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 14 this year vs 10 last year
  • Days on market: 77 now vs 128 last year

Median & Average Pricing

Year over Year
  • Median: $329,950 (+0.8% YoY)
  • Average: $579,281 (+93.8% 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
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 June 2026, there are 14 active listings in PROSPECT, TN (zip code 38477), compared to 10 the prior year.

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

The median listing price in PROSPECT, TN 38477 is $329,950 as of June 2026, a 0.8% increase from $327,425 the prior year.

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

Homes in PROSPECT, TN 38477 spend an average of 77 days on the market before going under contract, compared to 128 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 June 2026, PROSPECT, TN 38477 is currently a Balanced Market. Inventory has increased compared to last year, with 4 more homes available — giving buyers more choice. Homes are selling faster, averaging 77 days on market compared to 128 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 $6,599 compared to a typical 5% commission on the median listing price of $329,950. 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.