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Foreclosure Homes in Monterey, TN

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Monterey, TN Foreclosures

Current Market Conditions in in Monterey, TN As of March 2026?
Over the past month, Monterey has seen a slight increase in home prices as the demand continues to outpace supply. Many homes are being sold shortly after listing, and buyers are often facing bidding wars, especially for well-maintained properties. This trend indicates a strong market, emphasizing the need for prospective buyers to act quickly and be prepared with pre-approval for financing.
How much do homes sell for in Monterey, TN?
The average home price is currently $267,135.
In Monterey, TN, how many homes are available?
There are currently 9 active home listings available in Monterey.
What’s the average rental cost in Monterey, TN?
The average rental price in Monterey is $929.
What is the most expensive home in Monterey?
The most expensive home sold in Monterey had a price of $9,659,900.
What is currently the cheapest priced home in Monterey, TN?
The cheapest home for sale in Monterey is priced at $5,756.

Living in Monterey, TN

Monterey, Tennessee is a charming small town characterized by its scenic landscapes and close-knit community. With a low cost of living and access to quality schools, it's an ideal place for families and retirees alike. Outdoor enthusiasts will appreciate the many parks and recreational activities available in the area.

Buyer vs Seller Market in Monterey, TN

Monterey's real estate market has shown steady growth over the past few years, with an influx of newcomers attracted to its quaint charm and affordable housing options. The demand for homes has been rising, particularly among families and retirees looking for a peaceful environment with ample amenities.

Currently, the market is competitive, with homes often selling quickly due to limited inventory. Prices have been increasing moderately, reflecting the area's desirability and quality of life.

Home Value Estimator For Monterey, TN

There are currently 4,566 real estate properties in Monterey, TN, with a median automated valuation model (AVM) price of $187,400.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Monterey, 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 Monterey, TN, is $267,135.00, with the most expensive house in Monterey, TN, topping out at $9,659,900.00 and the cheapest home in Monterey, TN, clocking in at $5,756.00. In other words, there’s something for every potential homebuyer or savvy investor in Monterey, TN!

Rent Prices In Monterey, TN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Monterey, TN, is on a rollercoaster ride. The average rent price in Monterey, TN, is $929.00. Indeed, when looking to rent in Monterey, TN, you can expect to pay as little as $380.00 or as much as $2,300.00, with the average rent median estimated to be $880.00. The good news is that finding an affordable and desirable property to rent in Monterey, 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.

Monterey, TN Foreclosures


Market Trend for Monterey, TN

Total Listings Available: 9

Market Values:

Home Prices from $5,756 to $9,659,900

Average Sales Price: $267,135

Rental Values:

Rental from $380 to $2,300

Average Rent Value: $929 / month

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