Michie TN Real Estate Housing Trends
Understanding the Current Market
Whether you’re a first-time homebuyer or an investor, staying informed about these trends can help you make the right decision at the right time.
Michie is Looking to Be a Buyer’s Market in 2025
The broader real estate market of Tennessee generally favors sellers.
Across the state, inventory is level, home prices are rising, and sales have been increasing, suggesting a seller’s market. However, as of early 2025, the conditions in Michie and the rest of McNairy County are different from how they currently favor buyers.
The buyer-friendly conditions of the county are attributed to the supply of available homes outpacing market demand. Homes are taking longer to sell, with the median days on the market currently at 113 days.
This is a notable increase compared to last year, indicating that buyers have more time and options to explore, which could drive down competition in the near term.
Michie Real Estate Market Trends in 2025
- Michie TN median home listing price (January 2025): $129,900 (down by 56.2% YoY)
- McNairy County, TN median home price (January 2025): $230,000 (up by 35.3% YoY)
Michie’s median home listing price in January 2025 experienced a sharp decrease of 56.2% from the previous year – bringing it down to $129,900. This price drop is in contrast to the upward trend of home prices in the rest of Mcnairy County, which rose by 35.3% to $230,000.
In Michie, a 3-bedroom home is typically priced at $250,000, while larger 5- or more-bedroom homes are listed at approximately $350,000. However, despite these prices, there are still more affordable options in town compared to other markets in the same county or, even, Tennessee.
Projected Pricing Trends
Although there’s been a price drop in early 2025 in Michie, the overall property value has been steadily increasing over the last year.
Home prices in the region are expected to continue this upward trajectory, in line with the broader trend across Tennessee, where home values have steadily increased.
Factors Influencing the Housing Market in Michie
New housing developments in nearby areas like Savannah and Selmer, both about a 30-minute drive from Michie, are alternative options for homebuyers.
Additionally, Eastview and Pocahontas have seen growing interest. With more choices available, some buyers who might have considered Michie could opt for these neighboring locations instead.
The Rise in Demand for Rural Homes
Although there are other options and the prices fell in January compared to last year, demand for housing in Michie is still expected to rise.
Rural and suburban areas are currently popular among those looking for more space and affordability compared to larger cities. Interest rates also play a role – if they stabilize or decrease, more buyers may enter the market, increasing the competition.
What Michie TN Has to Offer to Homebuyers
Michie, Tennessee, is a small town with a quiet, rural charm that appeals to those looking for a slower pace of life. It offers affordability, a strong sense of community, and convenient access to essential amenities without the congestion of larger cities.
Affordable Living
One of Michie’s biggest draws is its low cost of living. Housing is more affordable compared to national averages, and property taxes remain low.
A Tight-Knit Community
The community has a small-town feel where neighbors know each other, and community events bring people together. It offers a peaceful environment to many retirees, while families appreciate its safe, family-friendly atmosphere.
Proximity to Nature and Outdoor Recreation
Outdoor lovers will enjoy being close to Pickwick Lake, Big Hill Pond State Park, and Shiloh National Military Park. There are also fishing, boating, hiking, and camping opportunities within a short drive.
Education and Schools
Michie Elementary has a strong student-teacher ratio (11:1) and STEM-focused programs. Older students typically attend Adamsville High School, which boasts a high graduation rate.
Small-Town Convenience
While Michie is rural, its proximity to larger towns like Selmer and Savannah makes it easy for residents to find shopping, dining, and medical facilities as well. Memphis is about two hours away for those needing a big city to visit.
Browse Michie TN Real Estate Listings
Looking for your dream home in Michie, TN? Justin Johnson Realty has a fantastic selection of homes and land waiting for you. Whether you’re searching for a spacious family home or the perfect lot to build on, our team is here to help. With years of local experience and an understanding of the local market, we’ll guide you every step of the way. Don’t miss out on your perfect property – browse our listings and get in touch with us so that we can help you find a home you will love.