Sharps Chapel, TN—37866

As of Aug '25, the median home price in Sharps Chapel, TN is $385,000, with a year-over-year change of 2.5%. This indicates that home prices in Sharps Chapel, TN are increasing. According to Zillow, the 1-year price projection is 4.4%, suggesting an increase housing market in the next year.

As of Aug '25 and according to Realtor.com, the median days on market for a home in Sharps Chapel, TN is 106. This is an increase of 85.0% from last year. This indicates that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 41.0%. This is a large percentage of inventory, suggesting a lot of supply pressure on home prices.

According to the latest data from the U.S. Department of Housing and Urban Development (HUD) as of 2023, the number of mortgages originated in Sharps Chapel, TN in that year was 71. 83.0% of all primary home loans were conventional, the remainder were government-backed loans, such as FHA loans. The average loan-to-value for all loans was 63.0%. Of those, 15.0% were >90% loan to value. This is considered elevated, suggesting that mortgage risk is medium in Sharps Chapel, TN. Investor activity in Sharps Chapel, TN is low, as 6.0% of all loans are originated by investors. In 2023, 14.0% of all loans were cash-out refinances, suggesting many homeowners are actively tapping their home's equity.