Every spring market starts with a starting gun, and in Tullahoma this year it fired in March: 107 new listings hit the market - nearly double February's 55 and more than January and February combined. The spring market didn't creep in. It arrived all at once.
And buyers were waiting for it. These numbers come straight from Realtracs MLS for Tullahoma. Here's the full picture versus February, then the breakdown by property type. (Catching up? Read the February report first.)
The Full Market: March 2026 by the Numbers
All residential, Tullahoma, TN - March 2026 vs. February 2026 (Realtracs MLS):
| Metric | Feb 2026 | Mar 2026 | Change |
|---|---|---|---|
| New listings | 55 | 107 | +95% |
| Closings | 30 | 32 | +2 |
| New under contract | 35 | 44 | +26% |
| Total inventory | 188 | 200 | +6% |
| Average sale price | $319,163 | $282,686 | −11% |
| Median sale price | $276,500 | $286,500 | +4% |
| Avg days on market (closed) | 70 | 43 | −27 days |
| List to closed (avg) | 106 days | 88 days | −18 days |
| Months of supply | 5.62 | 5.57 | −1% |
A Flood of Listings - and the Market Absorbed It
Here's the stat pairing that defines March: new listings nearly doubled, and months of supply didn't rise. It held at 5.57. That only happens when demand grows as fast as inventory - and it did: 44 buyers went under contract (up 26%), and the homes that closed did so in just 43 days on average, down from 70 in February and 80 in January. That's the fastest the market had moved all year.
Practically, that meant the well-priced March listings were met by buyers almost immediately, while the overall selection for buyers grew to 200 homes. Both sides of the market got what they wanted in March - which is rarer than it sounds.
Prices: The Entry-Level Engine Kept Running
March's median sale price ticked up to $286,500, while the average slid to $282,686 - the lowest average of the year. An average below the median is unusual, and it means March's sales were concentrated in a tight band of moderately priced homes with almost no big-ticket sales to pull the average up. The story from February continued: Tullahoma's affordable bands were doing nearly all the business, with buyers active on homes under $300K while the upper-price segment waited for its season.
Mortgage rates played a part - after February's dip below 6%, they climbed back to around 6.2% by mid-March (per Freddie Mac). Buyers who'd locked in the dip closed; others recalibrated. The lesson either way: in this rate environment, payment math drives which price bands move.
Breaking It Down by Property Type
Single-Family Homes
| Metric | Feb 2026 | Mar 2026 | Change |
|---|---|---|---|
| New listings | 47 | 105 | +123% |
| Closings | 30 | 30 | even |
| Average sale price | $319,163 | $286,802 | −10% |
| Median sale price | $276,500 | $286,500 | +4% |
| Avg days on market (closed) | 70 | 44 | −26 days |
| Months of supply | 5.38 | 5.67 | +5% |
The listing wave was overwhelmingly single-family: 105 of the 107 new listings. If you were a buyer frustrated by the winter's picked-over selection, March was the month the menu got rewritten.
Condos & Townhomes: Two Quick Sales
Two condos closed in March at an average of $220,950 - and unlike January's 157-day slog, these found buyers in about a month. February's condo listing wave gave buyers something to choose from, and they chose. Inventory stands at around eight units, so the attached-home market remains thin but functional.
Multi-Family: One Solid Investor Sale
One multi-family property closed at $467,500 - March's quiet reminder that small-scale investor stock does trade here when it surfaces. The active multi-family shelf is still dominated by a few large apartment-scale listings (average asking above $2.5 million), which sit in a different universe from what actually transacts.
Land, Lots & Farms: The Land Market Woke Up
March was the land market's best month of the year so far: seven parcels closed (versus three total in January and February combined), at a median of $130,000, with seven more going under contract. Supply compressed from a staggering 68 months in February to about 10 - still a buyer's market, but a functioning one. Spring building season has a way of doing that. If a build is in your plans, see what's available via Tullahoma land for sale or consider homes with acreage as the ready-made alternative.
What This Means for Sellers
March's message is about competition: 107 new listings means your home is never viewed in isolation. The homes that sold in 43 days were priced against the live competition and showed well from day one. The rest joined a growing inventory pile. Before you list into a crowded spring market, know exactly where you stand - start with a free Tullahoma home value review and a walk through the selling guide.
What This Means for Buyers
Selection, finally. Two hundred homes in inventory and a hundred fresh ones in a single month meant March buyers could actually compare - floor plans, neighborhoods, condition. But the 43-day average sale time carries a warning: the good ones moved fast. Watch the newest listings feed and have financing ready, because April's buyers were already circling.
The Bottom Line for March
March 2026 was the spring market's opening act: a near-doubling of new listings, absorbed without a blink by buyers who pushed contract activity up 26% and cut market times to 43 days. Prices stayed concentrated in the affordable bands, land finally moved, and the stage was set - more inventory, more buyers, faster decisions.
For the deeper local read - inventory by price band, what buyers are responding to, and how to time your move - visit the Tullahoma Market Report page, or the Coffee County Market Report for the wider area.
Have a question about your specific situation? Reach out directly or call (615) 631-6596.
Jon Smith is a Tullahoma REALTOR® with Real Broker, serving Tullahoma, Manchester, Winchester, Estill Springs, and the Arnold AFB / Tims Ford Lake area. Market statistics from Realtracs MLS (Residential: All; Residential: Single Family; Residential: Condo; Multi-Family; and Land, Lots, Farms; Tullahoma, TN; March 2026; report date 07/05/26). Mortgage rate data from Freddie Mac's Primary Mortgage Market Survey. Statistics deemed reliable but not guaranteed and subject to MLS revision.