Data as of September 2026. Source: Realtor.com.
The SPENCER, TN real estate market (38585) currently shows 36 active listings, with 3 pending sales. Homes are averaging 90 days on the market before going under contract.
Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers.
Homes are taking longer to sell, averaging 90 days on market compared to 59 days last year.
The median listing price has risen 47.9% year-over-year, from $297,400 to $439,900.
Population: 4,643 · Density: 9.7/mi² · Median household income: $43,247
Typical home value: $117,109 · Homeownership: 76.3%
| Zip | City / State | Distance | Listings | Market Value | Median $ | Average $ |
|---|---|---|---|---|---|---|
| 38585 | Spencer, TN 38585 | 0.0 mi | 31 | $10,901,739 | $301,725 | $351,669 |
| 38581 | Rock Island, TN 38581 | 11.6 mi | 22 | $12,721,456 | $304,950 | $578,248 |
| 37367 | Pikeville, TN 37367 | 12.2 mi | 54 | $21,827,232 | $329,000 | $404,208 |
| 38583 | Sparta, TN 38583 | 17.7 mi | 181 | $87,120,911 | $349,675 | $481,331 |
| 37327 | Dunlap, TN 37327 | 18.5 mi | 100 | $49,706,100 | $367,450 | $497,061 |
| 37338 | Graysville, TN 37338 | 22.0 mi | 27 | $12,262,293 | $356,250 | $454,159 |
| 37365 | Palmer, TN 37365 | 22.9 mi | 11 | $4,353,118 | $248,500 | $395,738 |
| 37166 | Smithville, TN 37166 | 26.2 mi | 138 | $74,433,888 | $398,000 | $539,376 |
| 37321 | Dayton, TN 37321 | 26.7 mi | 83 | $37,785,501 | $349,925 | $455,247 |
| 37313 | Coalmont, TN 37313 | 26.8 mi | 5 | $2,737,415 | $507,450 | $547,483 |
| 37301 | Altamont, TN 37301 | 28.1 mi | 8 | $4,771,152 | $359,950 | $596,394 |
| 37357 | Morrison, TN 37357 | 28.7 mi | 27 | $10,567,233 | $299,750 | $391,379 |
| 37379 | Soddy Daisy, TN 37379 | 30.7 mi | 149 | $82,267,817 | $515,000 | $552,133 |
As of September 2026, there are 36 active listings in SPENCER, TN (zip code 38585), compared to 37 the prior year.
The median listing price in SPENCER, TN 38585 is $439,900 as of September 2026, a 47.9% increase from $297,400 the prior year.
Homes in SPENCER, TN 38585 spend an average of 90 days on the market before going under contract, compared to 59 days the prior year.
Based on current inventory and days-on-market data as of September 2026, SPENCER, TN 38585 is currently a Balanced Market. Inventory has tightened compared to last year, with 1 fewer active listings — creating more competition among buyers. Homes are taking longer to sell, averaging 90 days on market compared to 59 days last year.
With SELL123.com's maximum 3% commission, sellers in SPENCER, TN 38585 save an estimated $8,798 compared to a typical 5% commission on the median listing price of $439,900. 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.