Clarksville, TN Housing Market Update for October 2026

Clarksville-area home sales slowed in October, while prices moved much less. In Montgomery County, Tennessee, the median single-family sale price was $325,000, down 1.5% from a year earlier. Closings fell 14.5%, to 330, and Realtracs reported 5.71 months of supply, up from 4.82. On the rental side, the median MLS rent for a three-bedroom house fell from $1,650 to $1,600, even as the median across all rental types rose.

If you’re buying, I’d look at how many similar homes you can choose from in your price range. If you’re selling, I’d pay attention to how long comparable listings are taking to get an offer. Both are more useful for your next decision than the county median alone.

By George Scott, REALTOR® with Keller Williams Realty Clarksville · November 10, 2026

What changed in the Clarksville housing market?

Source — Realtracs single-family market snapshots for Montgomery County. September 2026 is used for month-over-month comparisons below.

Fewer homes came up for sale, yet buyers had more listings to choose from on an average day than they did a year earlier. That’s possible because homes were also going under contract less often. The median sale price moved from $335,000 in September to $325,000 in October, a 3.0% drop. A monthly median reflects the mix of homes that sold, so I’d use comparable sales to judge what’s happening to prices for a specific home.

New construction accounted for most of the decline in the broader residential sales export. That export includes property types beyond the single-family snapshot and showed 340 October closings, down from 400. Closings on homes marked New or To Be Built in the MLS fell from 134 to 81, accounting for 53 of the 60 fewer sales in that report.

In the same county export, October’s median sale price was $287,000 in 37042, $307,900 in 37040 and $413,490 in 37043. Those medians reflect 141, 75 and 103 sales, respectively.

How does Clarksville compare with Greater Nashville?

The October median was about $175,000 lower in the Clarksville-area report. Montgomery County single-family homes sold for a $325,000 median, down 1.5% from a year earlier. Greater Nashville REALTORS® reported a $499,990 residential median, down 2.9% from $515,000. Its report covers nine Middle Tennessee counties and excludes Montgomery County. Greater Nashville REALTORS® market coverage · October sales breakdown.

Closings also fell in both reports. Montgomery County single-family closings were down 14.5%, while the Greater Nashville report recorded 2,540 total closings, down 12.0% across categories that also include condos, multifamily properties and land. If you’re choosing between the two areas, I’d compare homes with similar features and factor in how often you’d make the drive. Greater Nashville closings, reported by Nashville Post · My Clarksville vs. Nashville cost and commute guide.

Is Clarksville a buyer’s market?

Buyers had more room to shop than a year earlier, and the amount of choice varied by budget. On November 10, active inventory was equivalent to roughly three to four months of recent sales in price ranges at or below $400,000 and nearly eight months above $750,000.

The price-band estimates divide active asking-price counts on November 10 by average monthly closings at comparable sale prices from May through October 2026. They cover the broader residential export. The county’s 5.71 figure uses the Realtracs October single-family method, which includes some listings in other on-market statuses. Use the table to compare price ranges.

For a home you like, I’d check the last few comparable sales, how long the home has been listed, and whether the asking price has already changed. In October, 142 of 340 residential closings were below the final asking price. The closing price alone won’t tell you whether a buyer also received a credit or how much competition there was for the home.

If you’re comparing a resale with a builder home, ask for the terms in writing. I’d compare cash needed at closing, the full monthly payment and, if there’s a temporary rate buydown, the payment after it ends. Search Clarksville-area homes for sale.

What should sellers do with these numbers?

Price against the homes buyers can tour this week. Of the 1,647 active residential listings on November 10, 617 were priced below their original asking price. Before listing, I’d look at recent comparable closings, active competition and any builder incentives that could affect how buyers compare your home with a nearby new build.

I’d also set a date to review the first two weeks of showings and feedback. If buyers are touring similar homes and skipping yours, it’s worth revisiting how yours looks online and where it sits on price. If showings are steady but offers are slow, feedback can help you decide whether a repair, a credit or a price change makes sense.

What happened to Clarksville rents in October?

Three-bedroom houses leased for less than a year earlier, while the overall MLS rental median went up. The difference matters if you’re using the countywide number to decide whether to renew.

These are MLS-reported rents for closed leases. Rental listings outside Realtracs, including units marketed directly by apartment communities, are outside this sample.

If your lease is coming up, I’d compare your renewal offer with two or three available places that fit your move date and budget. Add the deposit, pet charges and moving costs before deciding what a lower advertised rent would actually save you. If a place you like has been available for a while, ask whether there’s flexibility on rent, lease length or the move-in date. Browse Clarksville-area rental listings.

What did the Fed do, and where did mortgage rates land?

The Fed held its benchmark range at 3.75% to 4.00% on October 28 after raising it a quarter point in September. The federal funds rate is a short-term policy rate. Fixed mortgage rates also respond to longer-term market conditions and expectations, so the two can move differently. September Fed decision · October Fed decision · How monetary policy affects rates.

Freddie Mac’s national 30-year fixed average eased from 7.32% on October 22 to 7.24% on October 29 and 7.18% on November 5. Freddie Mac’s mortgage rate archive.

What would it cost to buy a three-bedroom house?

A three-bedroom example puts the purchase payment at about $1,910 a month for principal and interest alone. In October, 200 three-bedroom homes classified as site-built sold in the county’s broader residential export, with a median price of $296,750. At that price, with 5% down and a 30-year fixed loan at the illustrative 7.18% rate above, the down payment would be about $14,838, before closing costs.

That’s about $310 more per month than October’s $1,600 median rent for a three-bedroom house, before property taxes, homeowners insurance, any mortgage insurance or HOA dues, and a maintenance budget. The homes behind the two medians vary by location, size and condition. If you’re choosing between renewing and buying, compare your actual renewal offer with the full payment and cash to close on a specific home. I’d also factor in how long you expect to stay. CFPB guide to comparing Loan Estimates.

Will Clarksville home prices fall in 2027?

I’d expect different results by price range. October’s median dipped as sales slowed, and inventory relative to recent sales was much higher at the top end of the market. I’d look for several months of rising inventory and weaker contracts before calling for a broader price decline in Clarksville.

National forecasts give some context for the payment side. In October, the Mortgage Bankers Association projected 30-year mortgage rates would stay above 7% through 2027. Fannie Mae projected a 7.5% annual average and 0.6% U.S. home-price growth from the fourth quarter of 2026 to the fourth quarter of 2027. Mortgage Bankers Association outlook · Fannie Mae October housing forecast.

• If rates stay elevated, buyers may continue to have more time to compare homes in price ranges with more inventory. Sellers should watch competing listings and builder incentives when setting a price.
• If rates ease and few new listings come up, more buyers could compete for the same homes, especially in price ranges where inventory is already tighter.
• If inventory keeps rising and fewer homes go under contract, I’d expect more price adjustments in the areas and price ranges where that gap widens.

For Clarksville, the two numbers I’ll watch together are active listings and new contracts. A pickup in contracts tells a different story when buyers also have more homes to choose from.

Clarksville market questions

How long does it take to sell a home in Clarksville?

Montgomery County single-family homes that went under contract in October averaged 71 days from listing to contract, compared with 57 days a year earlier. A different group, the homes that closed in October, averaged 43 days in active status and 40 days from contract to closing. If your move has a deadline, I’d use recent comparable sales and current listings to plan around it. Realtracs market definitions.

Are VA loans still common in Clarksville?

Yes. 153 of the 340 residential sales in the October detail export, about 45%, showed VA financing as the closing terms. If you’re selling, I’d compare each offer’s price, credits, contingencies and closing timeline together.

What does months of supply tell me?

It compares how much is on the market with how quickly homes are closing. Montgomery County’s 5.71 months in October gives you a countywide measure of the balance between supply and sales. For a specific property, I’d narrow it down to its price range and the homes buyers would realistically consider alongside it.

Want the numbers for your neighborhood?

Text me at (931) 385-5195 with your neighborhood or ZIP code and whether you’re buying or selling. I can show you which homes recently sold, what’s competing with them today and what I’d watch in your price range. For the previous month’s figures, see my September Clarksville housing market update.

George Scott, REALTOR® · Keller Williams Realty Clarksville
Cell (931) 385-5195 · Office (931) 648-8500 · GeorgeScott@kw.com
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Local data comes from Realtracs Montgomery County single-family snapshots and residential sales and rental detail exports, pulled November 10, 2026. Monthly figures may change as records are updated.