Brokers — List your Company Here
Featured local agent — Three Way, TN
Sarah Mitchell
Compass Real Estate · Three Way, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Three Way, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$332,500median sale price
How is the Three Way, TN housing market right now?
The median home sale price in Three Way, TN is $332,500, up 29.1% year-over-year. Homes sell in an average of 16 days with 15 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 Three Way a buyer's or seller's market?
Three Way, TN is currently a balanced market, based on 3.8 months of supply and homes selling in about 16 days. How we determine this →
Homes sold
4
Last 12 weeks
Days on market
16
Fast-moving
Active listings
15
3.8 months supply
Sale-to-list
93.4%
Below asking
What does the Three Way housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $332,500 |
| Median list price | $305,000 |
| Year-over-year price change | +29.1% |
| Average days on market | 16 days |
| Active inventory | 15 listings |
| Months of supply | 3.8 months |
| Sale-to-list price ratio | 93.4% |
| Median price per sq ft | $163/sq ft |
| Homes sold (latest month) | 4 |
| New listings (latest month) | 7 |
| Listings with a price cut | 40.0% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Three Way by property type?
How the Three Way, 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 | $332,500 | $163/sq ft | 4 | 16 days |
Source: Redfin · Updated monthly
The Three Way housing market is currently classified as a balanced market with a median sale price of $332,500. Prices have risen 29.1% compared to last year, with homes spending an average of 16 days on market, indicating 3.8 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 3.1x provides context for how home values compare to local earning capacity.
Homes for sale in Three Way
There are currently 15 homes listed for sale in Three Way, Tennessee. The median listing price is $305K.
Active listings
15
Homes on market
Median list price
$305K
Avg. days on market
16
Days until sale
New this week
7
Newly listed
Who lives in Three Way?
Population
1,965
Median income
$91,845/yr
Median age
54.3 years
Owner-occupied
92.9%
College grads
39.4%
Avg commute
24.8 min
Source: U.S. Census Bureau ACS
What are homes worth in Three Way?
Zillow home value
$287,090
Price-to-income
3.1x
Source: Zillow Research
What is it like to live in Three Way?
Three Way is a community of approximately 2K residents with a median age of 54.3 years.The median household income is $91,845, which reflects a relatively affluent area with strong earning potential. 39.4% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 92.9%, reflecting strong community stability and long-term resident commitment. The average commute time is 24.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Three Way offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Three Way, TN?
Want a head-to-head view? Compare Three Way side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Three Way?
The median home sale price in Three Way is $332,500, up 29.1% from last year.
How long do homes stay on market in Three Way?
Homes typically spend 16 days on market before going under contract.
What is the median income in Three Way?
The median household income is $91,845 per year.
Is Three Way a buyer's or seller's market?
With 3.8 months of supply, Three Way is currently a balanced market.
What is the Zillow home value estimate for Three Way?
The Zillow Home Value Index (ZHVI) for Three Way is $287,090, representing the typical home value in the area.
How much does a single-family home cost in Three Way?
The median single-family home price in Three Way, TN is $332,500 (about $163 per square foot).
Be the brokerage on this page
1 slot per pageGet featured on Three Way, TN
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Get Three Way market alerts
Weekly updates on prices, inventory, and trends. Free forever.