37809
Greeneville, Tennessee
Greeneville 37809 is stable.
The 37809 ZIP code in Greeneville, Tennessee has a median sale price of $215K, down -19.8% year-over-year. Homes spend an average of 86 days on market, with 33% of homes selling above list price.
Folio's PropIQ™ score of 65 signals Caution conditions. This market is holding steady. Monitor inventory shifts before committing.
The Greeneville 37809 market registers a median sale price of $215,000 as of February 2026, down 19.8% year-over-year in a notable price correction. Homes are averaging 86 days on market, indicating slower absorption than the regional norm. Despite the price decline, 33% of sales still close above list price, suggesting selective competition for properly priced inventory. This combination of metrics points to a market recalibrating from previous highs while maintaining pockets of buyer urgency.
Price-sensitive first-time buyers gain the most leverage in this environment, with the year-over-year decline creating entry points that didn't exist twelve months ago. The 86-day marketing period allows for deliberate due diligence without the pressure of immediate bidding wars. Sellers face a challenging position unless priced competitively, as the 67% of homes selling at or below list demonstrates buyer selectivity. Investors seeking cash flow should scrutinize cap rates carefully given recent depreciation trends.
The PropIQ score of 65 signals caution, reflecting uncertainty about whether the 19.8% decline represents completed repricing or ongoing adjustment. The 33% above-list metric prevents a lower score but conflicts with the negative price trajectory. Key indicators to monitor include whether days-on-market extends beyond 90 and if above-list percentage drops below 25%, which would confirm continued softening. Stabilization requires at least two consecutive quarters of sub-5% price variance.
What is the median home price in 37809 Greeneville?
The median sale price in 37809 is $215K, down -19.8% year-over-year as of 2026-02-28.
How long do homes stay on the market in Greeneville 37809?
Homes in 37809 Greeneville spend an average of 86 days on market before going under contract.
Is Greeneville 37809 a good place to invest in real estate?
Folio's PropIQ™ score for 37809 is 65/100 — a Caution signal. 33% of homes sold above asking.
What does a PropIQ™ score of 65 mean for 37809?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 65 = Caution in 37809 Greeneville, Tennessee.