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Featured local agent — Townsend, TN
Sarah Mitchell
Compass Real Estate · Townsend, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Townsend, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$355,000median sale price
How is the Townsend, TN housing market right now?
The median home sale price in Townsend, TN is $355,000. Homes sell in an average of 74 days with 14 active listings. The market is currently a buyer's 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 Townsend a buyer's or seller's market?
Townsend, TN is currently a buyer's market, based on 14.0 months of supply and homes selling in about 74 days. How we determine this →
Homes sold
1
Last 12 weeks
Days on market
74
Average pace
Active listings
14
14.0 months supply
Sale-to-list
98.1%
Below asking
What does the Townsend housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $355,000 |
| Median list price | $368,500 |
| Average days on market | 74 days |
| Active inventory | 14 listings |
| Months of supply | 14.0 months |
| Sale-to-list price ratio | 98.1% |
| Median price per sq ft | $323/sq ft |
| Homes sold (latest month) | 1 |
| New listings (latest month) | 2 |
| Listings with a price cut | 21.4% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Townsend by property type?
How the Townsend, 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 | $365,750 | $404/sq ft | 2 | 173 days |
| Condo / Co-op | $355,000 | $323/sq ft | 1 | 74 days |
| Townhouse | $522,500 | $323/sq ft | 1 | 117 days |
Source: Redfin · Updated monthly
The Townsend housing market is currently classified as a buyer's market with a median sale price of $355,000. Prices have fallen 0.0% compared to last year, with homes spending an average of 74 days on market, indicating 14.0 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 4.9x provides context for how home values compare to local earning capacity.
Homes for sale in Townsend
There are currently 14 homes listed for sale in Townsend, Tennessee. The median listing price is $369K.
Active listings
14
Homes on market
Median list price
$369K
Avg. days on market
74
Days until sale
New this week
2
Newly listed
Who lives in Townsend?
Population
570
Median income
$84,155/yr
Median age
50.3 years
Owner-occupied
89.7%
College grads
39.2%
Avg commute
26.6 min
Source: U.S. Census Bureau ACS
What are homes worth in Townsend?
Zillow home value
$413,964
Price-to-income
4.9x
Source: Zillow Research
What is it like to live in Townsend?
Townsend is a community of approximately 1K residents with a median age of 50.3 years.The median household income is $84,155, which reflects a relatively affluent area with strong earning potential. 39.2% of residents hold a bachelor's degree or higher, indicating a highly educated population.
Homeownership rates are at 89.7%, reflecting strong community stability and long-term resident commitment. The average commute time is 26.6 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Townsend offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Townsend?
1 schools tracked · 101 students
The largest public schools serving Townsend, 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.
Townsend Elementary
Grades K-5 · 101 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 Townsend, TN?
Want a head-to-head view? Compare Townsend side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Townsend?
The median home sale price in Townsend is $355,000, down 0.0% from last year.
How long do homes stay on market in Townsend?
Homes typically spend 74 days on market before going under contract.
What is the median income in Townsend?
The median household income is $84,155 per year.
Is Townsend a buyer's or seller's market?
With 14.0 months of supply, Townsend is currently a buyer's market.
What is the Zillow home value estimate for Townsend?
The Zillow Home Value Index (ZHVI) for Townsend is $413,964, representing the typical home value in the area.
What is the median condo price in Townsend?
The median condo/co-op sale price in Townsend, TN is $355,000, compared to $365,750 for a single-family home, based on the latest Redfin data.
How much does a single-family home cost in Townsend?
The median single-family home price in Townsend, TN is $365,750 (about $404 per square foot).
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