Clarksville Housing Market: Montgomery County Prices Climb Nearly 7% as Supply Reaches 5.72 Months
In the Clarksville housing market, Montgomery County's median sale price rose nearly 7% in September even as closings fell and supply rose to 5.72 months.
Franklin, Tenn. — October 13, 2026
Home prices in the Clarksville housing market kept rising in September even as sales slowed and buyers gained more room to negotiate, according to Realtracs MLS figures for Montgomery County, which includes Clarksville and borders Fort Campbell.
Montgomery County home prices rise nearly 7%
The median sale price for single-family homes reached $337,107, up from $315,500 a year earlier, an increase of about 7%, according to a Realtracs market trends report dated Oct. 2 and published by Clarksville brokerage Recon Real Estate. The average sale price rose to $366,286 from $342,718.
Clarksville housing market sales and listings slow
Activity moved the other way. Closed single-family sales fell to 331 from 368, a decline of about 10%, and new listings dropped to 557 from 717, a decline of about 22%. Active listings were essentially unchanged at 1,605, compared with 1,601 a year earlier. Because closings fell while inventory held steady, months of supply rose to 5.72 from 5.16.
| Montgomery County single-family | September 2026 | September 2025 |
|---|---|---|
| Median sale price | $337,107 | $315,500 |
| Average sale price | $366,286 | $342,718 |
| Closed sales | 331 | 368 |
| New listings | 557 | 717 |
| Active listings | 1,605 | 1,601 |
| Months of supply | 5.72 | 5.16 |
| Median days on market | 23 | 26 |
| Share of original list price received | 96.7% | 97.2% |
Source: Realtracs market trends report published by Recon Real Estate.
The typical sale still moved quickly. The median closed home spent 23 days on the market, down from 26 a year earlier, and the median time from listing to closing was about 85 days. Sellers received an average of 96.7% of their original list price, compared with 97.2% in September 2025, a gap the brokerage attributed to price reductions and concessions on homes that were listed too high.
How Montgomery County compares with Middle Tennessee
A broader Realtracs measure that includes all residential property types, compiled in a ten-county September report by Nashville agent Grant Hammond, put Montgomery County at 343 closings, a median sale price of $335,000, an average of 39 days on the market and 5.83 months of supply. On that measure, Montgomery ranked behind only Davidson County, at 6.46 months, for the most supply in the region, and ahead of Dickson County at 5.81. The ten-county average was 5.41 months, while Wilson County was the tightest at 4.22.
Listing-based data point to the same balance. Realtor.com figures published by the Federal Reserve Bank of St. Louis show the county's median listing price at $349,999 in September, little changed from $349,945 in August and down from $355,320 in June.
Fort Campbell and higher rates shape demand
The county's housing market also follows a different calendar than much of Middle Tennessee. Recon Real Estate noted that the county recorded 4,397 closed single-family sales over the 12 months ending in September, with the busiest stretch running from May through July, when many military households receive permanent change-of-station orders. The firm said that steady relocation demand, much of it financed with VA loans, has helped cushion the local market.
The shift is arriving as borrowing costs climb. Freddie Mac's weekly survey put the average 30-year fixed rate at 7.40% on Oct. 8, the highest since November 2023, which raises the monthly payment on any given price and narrows the pool of buyers who qualify. In a market with close to six months of supply, sellers have been more willing to negotiate on price, closing costs and repairs, according to the brokerage, and buyers have more time to compare homes before writing an offer.
Sources
- Recon Real Estate, "Clarksville Housing Market 2026: Crash, Correction, or Normal Reset?" (Realtracs MLS Market Trends, Montgomery County single-family, report date Oct. 2, 2026), updated Oct. 2, 2026: https://recon-realestate.com/learning-center/clarksville-housing-market-2026-crash-correction-or-normal-reset
- Grant Hammond, "Nashville Housing Market September 2026" (Realtracs ten-county data): https://www.granthammond.com/market-analysis/nashville-housing-market/middle-tennessee-real-estate-market-update-september-2026/
- Federal Reserve Bank of St. Louis (FRED), Realtor.com Median Listing Price in Montgomery County, TN: https://fred.stlouisfed.org/series/MEDLISPRI47125
- Freddie Mac, Primary Mortgage Market Survey, Oct. 8, 2026: https://www.freddiemac.com/pmms