37324
Tullahoma, Tennessee
Tullahoma 37324 needs watching.
The 37324 ZIP code in Tullahoma, Tennessee has a median sale price of $248K, down -16.5% year-over-year. Homes spend an average of 103 days on market, with 19% of homes selling above list price.
Folio's PropIQ™ score of 56 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37324.
The 37324 ZIP code in Tullahoma shows clear deceleration with a median sale price of $247,500, down 16.5% year-over-year as of February 2026. Homes are averaging 102.5 days on market, substantially above the velocity typical of competitive markets. Only 19% of properties are selling above list price, indicating reduced buyer urgency and increased negotiating leverage for purchasers. This contraction marks a significant shift from prior appreciation trends in the area.
Price-sensitive buyers gain material advantage in these conditions, with the 102.5-day marketing period providing extended due diligence windows and negotiation leverage on the 81% of homes selling at or below list. Sellers with immediate liquidity needs face headwinds, while investors seeking cash-flow properties may find the 16.5% price decline has restored yield opportunities that compressed during previous appreciation cycles. First-time buyers previously priced out now encounter measurably improved affordability at the $247,500 median.
The PropIQ score of 56 signals caution, suggesting stabilization has not yet occurred and further price discovery remains likely. The sub-20% above-list-price metric and extended days-on-market indicate demand has not found equilibrium with current inventory levels. Monitoring monthly sold volume and any acceleration or deceleration in the days-on-market metric will signal whether the 16.5% decline represents complete repricing or mid-cycle adjustment.
What is the median home price in 37324 Tullahoma?
The median sale price in 37324 is $248K, down -16.5% year-over-year as of 2026-02-28.
How long do homes stay on the market in Tullahoma 37324?
Homes in 37324 Tullahoma spend an average of 103 days on market before going under contract.
Is Tullahoma 37324 a good place to invest in real estate?
Folio's PropIQ™ score for 37324 is 56/100 — a Caution signal. 19% of homes sold above asking.
What does a PropIQ™ score of 56 mean for 37324?
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 56 = Caution in 37324 Tullahoma, Tennessee.