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Market Intelligence · TN / Reagan

Reagan, TN 38368 Housing Market

In Reagan, TN 38368, the typical home value is $160,540, up 9.3% over the past year as of September 2026. The median list price sits at $424,999, and homes are taking a median of 206 days to sell.

Updated September 2026Median value$161K

The median home value in Reagan, TN 38368 is $161K as of September 2026, up 9.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 38368 range

$148K to $173K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+9.3% over 12 months

Typical home value in 38368 over the last 12 months: $147K in Sep 2025 to $161K in Sep 2026 (+9.3%).

Sep 2025$147K

Sep 2026$161K

The numbers

What is the 38368 housing market like?

Typical home value

$161K

Up9.3%YoY

Median list price

$425K

Up6.3%MoM

Days on market

206

Up58.5%MoM

Homes for sale

3

Down40.0%MoM

Price cuts

50.0%

New listings

0

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

38368 housing market forecast 2027

+1.6%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 38368 to rise 1.6% by September 2027.

Over the 12 months through September 2026, typical home values in 38368 rose 9.3%, per the Zillow Home Value Index.

Will home prices drop in 38368?

Zillow's forecast does not call for a drop: it expects typical home values in 38368 to rise 1.6% by September 2027, after a 9.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 38368 home prices compare?

  • 38368$160,540
  • Reagan$160,540
  • Tennessee$265,881
  • United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Reagan: 1 ZIP; Tennessee: 587 ZIPs; United States: 26,262 ZIPs).

Context

The market in 38368 is very small, with only 3 homes for sale as of September 2026, so a few listings shape the whole picture. There is a wide gap between the median list price of $424,999 and the typical home value of $160,540, which suggests the active listings skew toward higher-priced properties. Homes are moving slowly at a median of 206 days on market, and 50.0% of listings have taken a price cut. At the same time, values are up 9.3% over the past year. For a seller, this means pricing realistically from the start matters far more than aiming high and cutting later.

Monthly payment

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20% · $32,108

Common questions

What people ask us.

How much is a home in 38368 worth?

The typical home value in 38368 is $160,540, up 9.3% over the past year as of September 2026. Individual homes can sit well above or below that figure depending on size, condition, and land.

How long does it take to sell a home in Reagan, TN 38368?

Homes in 38368 are spending a median of 206 days on market as of September 2026. With only 3 homes for sale, sellers should expect a slower pace than in larger markets.

Are sellers in 38368 cutting prices?

Yes. As of September 2026, 50.0% of listings in 38368 have had a price cut, even though the median list price is $424,999.

Keep reading

Guides for sellers.