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SPENCER, TN 38585

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

Market Analysis

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

The SPENCER, TN real estate market (38585) currently shows 33 active listings, with 6 pending sales. Homes are averaging 72 days on the market before going under contract.

Inventory levels are unchanged compared to last year.

Homes are selling faster, averaging 72 days on market compared to 142 days last year.

The median listing price has risen 18% year-over-year, from $294,900 to $347,975.

Whether you are buying or selling in SPENCER, 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: 4,643  ·  Density: 9.7/mi²  ·  Median household income: $43,247

Typical home value: $117,109  ·  Homeownership: 76.3%

Market Overview

Active Listings
33
vs 33 last year
Pending
6
18% pending ratio
Median Price
$347,975
⇧ 18% vs $294,900 last year
Average Price
$380,697
⇩ 7.7% vs $412,277 last year
Days on Market
72
⇩ 49.3% vs 142 days last year

Price Per Square Foot

Median $/sqft
$184
⇩ 6.1% vs $196/sqft last year
Median Home Size
1,555 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Days on market: 72 now vs 142 last year

Median & Average Pricing

Year over Year
  • Median: $347,975 (+18% YoY)
  • Average: $380,697 (-7.7% 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 30.7 miles — 836 listings ($411,455,855 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
38585Spencer, TN 385850.0 mi31$10,901,739$301,725$351,669
38581Rock Island, TN 3858111.6 mi22$12,721,456$304,950$578,248
37367Pikeville, TN 3736712.2 mi54$21,827,232$329,000$404,208
38583Sparta, TN 3858317.7 mi181$87,120,911$349,675$481,331
37327Dunlap, TN 3732718.5 mi100$49,706,100$367,450$497,061
37338Graysville, TN 3733822.0 mi27$12,262,293$356,250$454,159
37365Palmer, TN 3736522.9 mi11$4,353,118$248,500$395,738
37166Smithville, TN 3716626.2 mi138$74,433,888$398,000$539,376
37321Dayton, TN 3732126.7 mi83$37,785,501$349,925$455,247
37313Coalmont, TN 3731326.8 mi5$2,737,415$507,450$547,483
37301Altamont, TN 3730128.1 mi8$4,771,152$359,950$596,394
37357Morrison, TN 3735728.7 mi27$10,567,233$299,750$391,379
37379Soddy Daisy, TN 3737930.7 mi149$82,267,817$515,000$552,133

Frequently Asked Questions

How many homes are for sale in SPENCER, TN 38585?

As of March 2026, there are 33 active listings in SPENCER, TN (zip code 38585), compared to 33 the prior year.

What is the median home price in SPENCER, TN 38585?

The median listing price in SPENCER, TN 38585 is $347,975 as of March 2026, a 18% increase from $294,900 the prior year.

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

Homes in SPENCER, TN 38585 spend an average of 72 days on the market before going under contract, compared to 142 days the prior year.

Is it a seller's or buyer's market in SPENCER, TN 38585?

Based on current inventory and days-on-market data as of March 2026, SPENCER, TN 38585 is currently a Balanced Market. Inventory levels are unchanged compared to last year. Homes are selling faster, averaging 72 days on market compared to 142 days last year.

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

With SELL123.com's maximum 3% commission, sellers in SPENCER, TN 38585 save an estimated $6,960 compared to a typical 5% commission on the median listing price of $347,975. 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.