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PROSPECT, TN 38477

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

Market Analysis

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

The PROSPECT, TN real estate market (38477) currently shows 12 active listings, with 5 pending sales. Homes are averaging 118 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are taking longer to sell, averaging 118 days on market compared to 70 days last year.

The median listing price has fallen 11.8% year-over-year, from $340,300 to $300,000.

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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
12
— vs 12 last year
Pending
5
42% pending ratio
Median Price
$300,000
⇩ 11.8% vs $340,300 last year
Average Price
$381,333
⇩ 0.8% vs $384,273 last year
Days on Market
118
⇧ 68.6% vs 70 days last year

Price Per Square Foot

Median $/sqft
$203
⇧ 75% vs $116/sqft last year
Median Home Size
1,448 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 118 now vs 70 last year

Median & Average Pricing

Year over Year
  • Median: $300,000 (-11.8% YoY)
  • Average: $381,333 (-0.8% 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 September 2026, there are 12 active listings in PROSPECT, TN (zip code 38477), compared to 12 the prior year.

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

The median listing price in PROSPECT, TN 38477 is $300,000 as of September 2026, a 11.8% decrease from $340,300 the prior year.

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

Homes in PROSPECT, TN 38477 spend an average of 118 days on the market before going under contract, compared to 70 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 September 2026, PROSPECT, TN 38477 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are taking longer to sell, averaging 118 days on market compared to 70 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 $6,000 compared to a typical 5% commission on the median listing price of $300,000. 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.