Comprehensive market data and analysis• Updated Dec 2025
147.0 months of supply
High inventory favors buyers with more choices and negotiating power.
| Acreage | 30D | 3M | 6M | 12M |
|---|---|---|---|---|
| 0-1 acres | - | - | - | 2 |
| 1-2 acres | - | - | - | 1 |
| 2-5 acres | - | - | 1 | 1 |
| 5-10 acres | - | 1 | 3 | 5 |
| 10-20 acres | - | - | 1 | 4 |
| 20-50 acres | - | - | - | 3 |
| 50-100 acres | - | - | 1 | 1 |
| 100+ acres | - | - | - | 1 |
| TOTAL | 0 | 1 | 6 | 18 |
Acreage buckets
The median price for land in Somerville, Tennessee is currently $14K per acre. For a typical parcel, the median sale price is $190K. 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 $395K.
Somerville, Tennessee is currently a strong buyer's market with 147.0 months of supply. Buyers have more negotiating power and can take time to find the right property.
Somerville, Tennessee currently has 147.0 months of inventory supply. This indicates a strong buyer's market. High supply means buyers have plenty of choices and stronger negotiating position.
There are currently 49 active listings in Somerville, Tennessee. 10 new listings have hit the market in the last 90 days. The median asking price is $164K.
The 3-month absorption rate in Somerville, Tennessee is 0.7%. The 12-month rate is 3.1%. Absorption rate shows what percentage of available inventory is being sold, with higher rates indicating stronger buyer demand.
Land in Somerville, Tennessee typically sells within 88 days of listing. The median time on market is 21 days. Properties are moving at a moderate pace in the current strong buyer's market.
Over the past 12 months, Somerville, Tennessee saw 18 properties sold, totaling $3.6M in sales volume. In just the last 3 months, 1 properties changed hands.
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.