As East Tennessee gets further into the spring selling season, buyers may be encouraged to know there are more options available than this time last year, especially in the $350,000-and-under price range.

According to recent market data, there are 5% more homes available in this price range compared to the same period last year. That represents approximately 300 additional choices for would-be buyers, including first-time buyers, who are hoping to purchase a home.

“For buyers who may have stepped back from the market over the past year, this spring could be a good time to take another look,” said Andrew McGranaghan, CEO of Wallace Real Estate. “We are seeing more active listings, which means buyers have more choices. At the same time, homes are still moving, so it remains important to work with a trusted Realtor who can help you understand the market, evaluate your options and negotiate with confidence.”

The data also shows that buyer activity is increasing. Homes under contract in the $350,000-and-under price range are up about 10% compared to last year, signaling that more buyers are beginning to re-enter the market. In addition, 2% more homes in this price range have sold so far this year, indicating that buyers are successfully finding homes that meet their needs.

From January through April 2026, the median sales price in East Tennessee was $365,000, while the average sales price was $438,350. For many buyers, especially those shopping near or below the median price point, the increase in available inventory may create new opportunities.

“Every buyer’s situation is different, but having more homes to consider can make a meaningful difference,” McGranaghan said. “A knowledgeable Realtor can help buyers move quickly when the right home becomes available, while also making sure they understand the details of the purchase and feel supported throughout the process.”

This may be especially important for first-time buyers, who sometimes assume homeownership is out of reach because of the amount of money they think they need upfront. There are a variety of loan options available, and some buyers may qualify for programs that require less money as a down payment than they expect. A trusted Wallace Realtor can help buyers understand their options, connect with reputable lending professionals, and take a fresh look at what may be possible in today’s market.

Those interested in exploring homes in this price range can begin their search at WallaceTN.com.

Kate Spears is the social media and events specialist for Wallace Real Estate and can be reached at kate@wallacetn.com.

When you need real estate support, contact Wallace Real Estate, the leader in the industry.

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