Waverly Housing Update: Prices Steady, Inventory Elevated Entering Spring
Waverly, TN – March 15, 2026 – Home values are edging higher while inventory remains ample, giving buyers more room to negotiate this spring.
Waverly’s housing market is entering the spring season with modest price gains and a healthy number of homes available, creating balanced conditions for buyers and sellers.
Top takeaways
- Typical home value around $225K, up about 2% year over year.
- Roughly 170 homes listed, with median list prices near the upper $300Ks.
- Homes are taking longer to sell, signaling negotiating room for buyers.
Market snapshot
The average home value in Waverly is about $225,499, a 2.1% increase over the past year, according to Zillow data through late 2025. Zillow also reported 57 homes for sale at year-end, with a median list price of $368,117.
Realtor.com’s most recent overview shows about 171 homes on the market, a median list price near $369,000 and a median price per square foot of $197. Homes have been spending more than three months on the market on average, and the sale-to-list ratio sits below 100%, reflecting a buyer-leaning environment.
What’s for sale now
Current listings range from smaller homes priced near $120K to river-view and lake-area properties close to $400K. Recent examples include:
- A three-bedroom home around $210K with roughly 1,600–1,700 square feet.
- Several four-bedroom properties listed between $350K and $400K.
- Vacant land parcels under $30K, appealing to buyers considering custom builds.
Single-family inventory remains the largest segment of active listings, with dozens of detached homes available across a range of sizes and price points.
Outlook
With inventory elevated and days on market extended compared to last year, buyers may find more flexibility on pricing and terms this spring. Sellers, meanwhile, are still benefiting from year-over-year value growth, but accurate pricing appears critical to avoid longer listing times.
Are you seeing more for-sale signs or price adjustments in your neighborhood this month?
Sources