37398
Tullahoma, Tennessee
Tullahoma 37398 needs watching.
The 37398 ZIP code in Tullahoma, Tennessee has a median sale price of $355K, down -2.7% year-over-year. Homes spend an average of 86 days on market, with 2% of homes selling above list price.
Folio's PropIQ™ score of 41 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37398.
The Tullahoma 37398 market shows clear signs of cooling, with the median sale price settling at $355,000 after declining 2.7% year-over-year. Homes are moving slowly at 86 days on market, nearly triple the velocity seen in overheated markets. Only 2% of properties sold above asking price in the trailing period, indicating minimal competition and reduced urgency among the limited buyer pool actively making offers.
These conditions disproportionately favor patient buyers with financing already secured who can negotiate from a position of strength. The 2% above-list metric and extended 86-day marketing period create room for price discovery below asking, particularly on properties that have sat unsold beyond the market average. Sellers face headwinds and should expect longer holding periods, while investors seeking cash-flowing rentals may find reasonable entry points if purchase prices support target yields.
The PropIQ score of 41 signals caution and suggests further price pressure without demand catalysts materializing in the near term. The negative year-over-year trend combined with sluggish absorption rates indicates this market hasn't established a floor yet. Monitor monthly sold volume and any contraction in days-on-market figures as leading indicators of stabilization, but current data points toward continued softness through the next quarter.
What is the median home price in 37398 Tullahoma?
The median sale price in 37398 is $355K, down -2.7% year-over-year as of 2026-02-28.
How long do homes stay on the market in Tullahoma 37398?
Homes in 37398 Tullahoma spend an average of 86 days on market before going under contract.
Is Tullahoma 37398 a good place to invest in real estate?
Folio's PropIQ™ score for 37398 is 41/100 — a Caution signal. 2% of homes sold above asking.
What does a PropIQ™ score of 41 mean for 37398?
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 41 = Caution in 37398 Tullahoma, Tennessee.