Comprehensive market data and analysis• Updated Dec 2025
10.5 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | 2 | 6 | 12 |
| 1-2 acres | - | - | 1 | 2 |
| 2-5 acres | - | 1 | 5 | 17 |
| 5-10 acres | 1 | 2 | 4 | 11 |
| 10-20 acres | - | 3 | 4 | 7 |
| 20-50 acres | - | 2 | 5 | 9 |
| 50-100 acres | - | - | - | 2 |
| 100+ acres | - | - | 1 | 2 |
| TOTAL | 1 | 10 | 26 | 62 |
Acreage buckets
The median price for land in Millington, Tennessee is currently $14K per acre. For a typical parcel, the median sale price is $78K. Market volatility is currently high, meaning prices can vary significantly based on location and access. Recently, the cheapest land sold for $30K while premium lots reached $341K.
Millington, Tennessee is currently a buyer's market with 10.5 months of supply. Buyers have more negotiating power and can take time to find the right property. Prices have decreased 61.5% year-over-year.
Millington, Tennessee currently has 10.5 months of inventory supply. This indicates a buyer's market. Low supply means competition for available properties is high.
Land in Millington, Tennessee typically sells within 77 days of listing. The median time on market is 42 days. Properties are moving at a moderate pace in the current buyer's market.
The median land price in Millington, Tennessee stands at $78K. This translates to roughly $14K per acre for the typical parcel size. The average price is $141K, indicating some higher-priced properties pulling up the average.
Land in Millington, Tennessee averages $109K per acre. The median price per acre is $14K, which may be more representative of typical transactions. Most parcels sold are around 5.0 acres.
The current absorption rate in Millington, Tennessee is 9.5% (3-month basis), indicating moderate demand. With depreciating values (-61.5% YoY), buyers may find value opportunities. The top-performing broker in this market is Real Estate Mart of TN, Inc..
Market statistics are compiled from multiple sources including LandyDandy listings, Zillow.com, Realtor.com, Redfin.com, county records, and MLS data. While we strive for accuracy, these figures are estimates and may not reflect 100% of market activity. Data is updated regularly but some transactions may have reporting delays. For the most accurate assessment of a specific property, we recommend consulting with a local real estate professional.
