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Featured local agent — Oak Ridge, TN
Sarah Mitchell
Compass Real Estate · Oak Ridge, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Oak Ridge, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$400,000median sale price
How is the Oak Ridge, TN housing market right now?
The median home sale price in Oak Ridge, TN is $400,000, up 5.3% year-over-year. Homes sell in an average of 62 days with 166 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 Oak Ridge a buyer's or seller's market?
Oak Ridge, TN is currently a balanced market, based on 3.4 months of supply and homes selling in about 62 days. How we determine this →
Homes sold
49
Last 12 weeks
Days on market
62
Average pace
Active listings
166
3.4 months supply
Sale-to-list
98.8%
Below asking
What does the Oak Ridge housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $400,000 |
| Median list price | $407,450 |
| Year-over-year price change | +5.3% |
| Average days on market | 62 days |
| Active inventory | 166 listings |
| Months of supply | 3.4 months |
| Sale-to-list price ratio | 98.8% |
| Median price per sq ft | $182/sq ft |
| Homes sold (latest month) | 49 |
| New listings (latest month) | 65 |
| Listings with a price cut | 22.9% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Oak Ridge by property type?
How the Oak Ridge, 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 | $400,000 | $182/sq ft | 47 | 63 days |
| Condo / Co-op | $335,000 | $214/sq ft | 1 | 35 days |
| Townhouse | $359,900 | $171/sq ft | 1 | 52 days |
Source: Redfin · Updated monthly
The Oak Ridge housing market is currently classified as a balanced market with a median sale price of $400,000. Prices have risen 5.3% compared to last year, with homes spending an average of 62 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 4.7x provides context for how home values compare to local earning capacity.
Homes for sale in Oak Ridge
There are currently 166 homes listed for sale in Oak Ridge, Tennessee. The median listing price is $407K.
Active listings
166
Homes on market
Median list price
$407K
Avg. days on market
62
Days until sale
New this week
65
Newly listed
Who lives in Oak Ridge?
Population
32,088
Median income
$71,000/yr
Median age
39.2 years
Owner-occupied
64.5%
College grads
39.4%
Avg commute
23.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Oak Ridge?
Zillow home value
$331,724
Zillow rent index
$1,673/mo
Price-to-rent ratio
16.5x
Price-to-income
4.7x
Source: Zillow Research
What is it like to live in Oak Ridge?
Oak Ridge is a community of approximately 32K residents with a median age of 39.2 years.The median household income is $71,000, which represents a working-class community with solid middle-income opportunities. 39.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 64.5%, showing a blend of owner and renter-occupied properties. The average commute time is 23.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Oak Ridge offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Oak Ridge?
8 schools tracked · 5,002 students
The largest public schools serving Oak Ridge, TN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Oak Ridge High School
Grades 9-12 · 1,586 students
Robertsville Middle School
Grades 5-8 · 743 students
Jefferson Middle School
Grades 5-8 · 706 students
Linden Elementary
Grades K-4 · 525 students
Woodland Elementary
Grades K-4 · 447 students
Willow Brook Elementary
Grades K-4 · 412 students
Glenwood Elementary
Grades K-4 · 359 students
Preschool
Grades PK · 224 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Oak Ridge, TN?
Want a head-to-head view? Compare Oak Ridge side-by-side with any other U.S. city using our market-comparison tool.
Is Oak Ridge a good real estate investment market?
For investors evaluating Oak Ridge, the price-to-rent ratio of 16.5x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has appreciated 5.3% 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 Oak Ridge's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Oak Ridge's median home price.
Frequently asked questions
What is the average home price in Oak Ridge?
The median home sale price in Oak Ridge is $400,000, up 5.3% from last year.
How long do homes stay on market in Oak Ridge?
Homes typically spend 62 days on market before going under contract.
What is the median income in Oak Ridge?
The median household income is $71,000 per year.
Is Oak Ridge a buyer's or seller's market?
With 3.4 months of supply, Oak Ridge is currently a balanced market.
What is the Zillow home value estimate for Oak Ridge?
The Zillow Home Value Index (ZHVI) for Oak Ridge is $331,724, representing the typical home value in the area.
What is the median condo price in Oak Ridge?
The median condo/co-op sale price in Oak Ridge, TN is $335,000, compared to $400,000 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Oak Ridge?
The median single-family home price in Oak Ridge, TN is $400,000 (about $182 per square foot).
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