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Foreclosure Homes in Erwin, TN 37650

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Erwin, TN Foreclosures

Current Market Conditions in in Erwin, TN As of March 2026?
In the past month, Erwin's real estate market has shown signs of firming up due to increased buyer interest. Home sales have picked up as potential buyers are looking for more space and affordable housing amidst rising costs in urban areas. The average days on market has decreased slightly, indicating that homes are selling faster than before, further bolstered by a variety of local initiatives promoting the town.
How much do homes sell for in Erwin, TN?
The average home price is currently $206,923.
In Erwin, TN, how many homes are available?
There are currently 16 active home listings available in Erwin.
What’s the average rental cost in Erwin, TN?
The average rental price in Erwin is $951.
What is the most expensive home in Erwin?
The most expensive home sold in Erwin had a price of $9,630,331.
What is currently the cheapest priced home in Erwin, TN?
The cheapest home for sale in Erwin is priced at $9,358.

Living in Erwin, TN

Erwin, TN, is a quaint small town in East Tennessee with beautiful mountain views and a tight-knit community. It offers a variety of outdoor activities and is conveniently located near larger cities, making it a great place to live and raise a family. With affordable housing options and a peaceful atmosphere, Erwin attracts those looking for a serene lifestyle.

Buyer vs Seller Market in Erwin, TN

The real estate market in Erwin is currently experiencing steady growth, driven by an increase in demand for affordable housing options in rural areas. Buyers are drawn to the area for its low cost of living, natural beauty, and access to outdoor recreation. Recently, home prices have been rising moderately, with a variety of listings available to suit different budgets.

Home Value Estimator For Erwin, TN

There are currently 6,505 real estate properties in Erwin, TN, with a median automated valuation model (AVM) price of $178,251.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Erwin, TN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Erwin, TN, is $206,923.00, with the most expensive house in Erwin, TN, topping out at $9,630,331.00 and the cheapest home in Erwin, TN, clocking in at $9,358.00. In other words, there’s something for every potential homebuyer or savvy investor in Erwin, TN!

Rent Prices In Erwin, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Erwin, TN, is on a rollercoaster ride. The average rent price in Erwin, TN, is $951.00. Indeed, when looking to rent in Erwin, TN, you can expect to pay as little as $510.00 or as much as $2,760.00, with the average rent median estimated to be $910.00. The good news is that finding an affordable and desirable property to rent in Erwin, TN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Erwin, TN 37650 Foreclosures


Market Trend for Erwin, TN

Total Listings Available: 16

Market Values:

Home Prices from $9,358 to $9,630,331

Average Sales Price: $206,923

Rental Values:

Rental from $510 to $2,760

Average Rent Value: $951 / month

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