How Competitive is the Lewisburg, TN Housing Market?

by Christine Brinson

Lewisburg, a city near Nashville, TN, is a moderately competitive housing market. About 16% of homes sold above asking price in the 3 months ending June 2026, but the typical listing sat for 104 days before finding a buyer — among the longest waits in the greater Nashville area.

The National Picture

Lewisburg's 16% sold-above rate trails the national 24.6%, but the real gap shows up in speed. The national median is 50 days on market; Lewisburg's 104 days is more than double that. Homes here eventually attract competitive offers, but the path to contract is slower than almost anywhere else in Middle Tennessee.

Sellers Wait Longer Despite Eventual Bidding

The 96.9% sale-to-list ratio means buyers negotiate about 3% off asking on average — a meaningful discount on the $284,090 median. Days on market jumped 46 days year over year, a sharp deceleration. Yet 24% of listings still go under contract within two weeks, and 16% close above list. Nearby Blackman in Murfreesboro (9.6% sold above, 68 days) sees less overbidding but moves much faster, while West Murfreesboro (16%, 56 days) matches Lewisburg's overbid rate at nearly half the wait time.

Why is Lewisburg Only Moderately Competitive?

Lewisburg is only moderately competitive because ample inventory and long days on market mean sellers must wait for the right buyer to appear. At 5.5 months of supply with 199 active listings, Lewisburg has ample inventory for its 66 quarterly sales. Listings grew 8% year over year while sales fell 18%, widening the gap between supply and demand. Price drops affect 39% of active listings . the highest among nearby markets . signaling that many sellers initially overprice. The homes that do sell above asking tend to be well-priced from the start, but the overall pace suggests buyers can take their time and negotiate.

Nearby Neighborhoods

Neighborhood	Sold Above List	Sale-to-List	Days on Market	Off Market in 2 Wks
Lewisburg	15.7%	96.9%	104 days	23.5%
Blackman	9.6%	98.6%	68 days	24.2%
West Murfreesboro	15.9%	99.7%	56 days	33.3%
The Grove	17.4%	98.0%	99 days	11.6%
Three Rivers	17.6%	99.5%	67 days	42.3%
Downtown Murfreesboro	20.0%	96.7%	33 days	30.4%

Limited to neighborhoods with at least 10 home sales in the period.

All data comes from Redfin and represents a three-month rolling average ending June 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.