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Featured local agent — Farragut, TN
Sarah Mitchell
Compass Real Estate · Farragut, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Farragut, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$799,900median sale price
How is the Farragut, TN housing market right now?
The median home sale price in Farragut, TN is $799,900, up 24.0% year-over-year. Homes sell in an average of 77 days with 152 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Farragut a buyer's or seller's market?
Farragut, TN is currently a balanced market, based on 3.4 months of supply and homes selling in about 77 days. How we determine this →
Homes sold
45
Last 12 weeks
Days on market
77
Average pace
Active listings
152
3.4 months supply
Sale-to-list
99.1%
Below asking
What does the Farragut housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $799,900 |
| Median list price | $857,063 |
| Year-over-year price change | +24.0% |
| Average days on market | 77 days |
| Active inventory | 152 listings |
| Months of supply | 3.4 months |
| Sale-to-list price ratio | 99.1% |
| Median price per sq ft | $284/sq ft |
| Homes sold (latest month) | 45 |
| New listings (latest month) | 56 |
| Listings with a price cut | 24.3% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Farragut by property type?
How the Farragut, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $845,000 | $256/sq ft | 37 | 55 days |
| Condo / Co-op | $445,851 | $289/sq ft | 1 | 35 days |
| Townhouse | $794,900 | $301/sq ft | 7 | 179 days |
Source: Redfin · Updated monthly
The Farragut housing market is currently classified as a balanced market with a median sale price of $799,900. Prices have risen 24.0% compared to last year, with homes spending an average of 77 days on market, indicating 3.4 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 4.9x provides context for how home values compare to local earning capacity.
Homes for sale in Farragut
There are currently 152 homes listed for sale in Farragut, Tennessee. The median listing price is $857K.
Active listings
152
Homes on market
Median list price
$857K
Avg. days on market
77
Days until sale
New this week
56
Newly listed
Who lives in Farragut?
Population
24,309
Median income
$142,402/yr
Median age
45.7 years
Owner-occupied
85.3%
College grads
65.1%
Avg commute
21.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Farragut?
Zillow home value
$704,134
Zillow rent index
$2,026/mo
Price-to-rent ratio
29.0x
Price-to-income
4.9x
Source: Zillow Research
What is it like to live in Farragut?
Farragut is a community of approximately 24K residents with a median age of 45.7 years.The median household income is $142,402, which reflects a relatively affluent area with strong earning potential. 65.1% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 85.3%, reflecting strong community stability and long-term resident commitment. The average commute time is 21.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Farragut offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Farragut, TN?
Want a head-to-head view? Compare Farragut side-by-side with any other U.S. city using our market-comparison tool.
Is Farragut a good real estate investment market?
For investors evaluating Farragut, the price-to-rent ratio of 29.0x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 24.0% year-over-year, reflecting ongoing demand and value growth.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Farragut's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Farragut's median home price.
Frequently asked questions
What is the average home price in Farragut?
The median home sale price in Farragut is $799,900, up 24.0% from last year.
How long do homes stay on market in Farragut?
Homes typically spend 77 days on market before going under contract.
What is the median income in Farragut?
The median household income is $142,402 per year.
Is Farragut a buyer's or seller's market?
With 3.4 months of supply, Farragut is currently a balanced market.
What is the Zillow home value estimate for Farragut?
The Zillow Home Value Index (ZHVI) for Farragut is $704,134, representing the typical home value in the area.
What is the median condo price in Farragut?
The median condo/co-op sale price in Farragut, TN is $445,851, compared to $845,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Farragut?
The median single-family home price in Farragut, TN is $845,000 (about $256 per square foot).
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