Photo: Brian Stansberry · CC BY 3.027 homes sold in Cowan in the last year, at a typical $153K
Almost every sale is a house. Below: what each kind of home sells for, what your budget buys, the best months to buy, how hard you’ll have to bid, and a shortcut to every site where Cowan homes are listed.
Every place Cowan homes are listed, in one stop
We don’t copy listings: the agents’ sites have the photos and the latest price changes. Set what you want once and we open each site already filtered to Cowan.
For sale
Rent
New, land & open houses
Links open the listing sites; TownRatings isn’t paid for them and doesn’t rank one above another. Rentals and government-owned homes come from sources outside the MLS.
Houses are 100% of Cowan’s sales, at a typical $153K
27 homes sold in the year to May 2026.
typical sale · 27 sold in 12 months
- Per square foot
- $134TN $209
- Days to sell
- 104
- Sold over asking
- 15%
- Listings with a price cut
- 28%
About as many homes sell as usual, at twice the 2016 price
27 sales in the last year, against 54 in 2024 and a low of 18 in 2014. The typical sale went from $78K in 2016 to $153K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $150K buys in Cowan
Check a listing against what Cowan homes sold for
Against the town’s median price per square foot over the last 12 months. A rough check: condition, lot and location within town move a price more than this can see.
Bidding wars in Cowan are rarer than before the pandemic, and more homes are for sale
We read every month of Cowan’s home sales since 2014 so you don’t have to. Each figure covers 12 months, because a single month in a town is too few sales to mean much. Latest: the year to May 2026, 27 sales.
If you’re buying in Cowan
- Shop in November. It brings about 5 new listings a month, close to the busiest month, with fewer bidding wars (6% over asking).
- You can negotiate. 28% of listings have cut their price, against 13% before the pandemic.
- Offer under asking. Buyers paid 93% of the list price on average; 15% paid over.
- You’ll usually have time. Only 17% of homes go under contract within two weeks; the typical one takes 104 days.
Fall brings the homes; spring brings the bidding wars
November has the most new listings (about 5 a month), but April is the most competitive: 32% of April sales close over asking. November has the least competition (6%).
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Tennessee as a whole
| Cowan now | 2017–19 | 2021 peak | TN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 15% | 22% | 20% | 14% |
| Gone within two weeksShare of homes under contract within 14 days | 17% | 29% | 33% | 27% |
| Listings with a price cutShare of homes for sale that cut their price | 28% | 13% | 22% | 25% |
| Price paid vs. askingAverage sale price ÷ list price | 93% | 95% | 97.5% | 97.3% |
| Days to sellMedian days from listing to contract | 104 | 111 | 62 | 70 |
14 homes for sale on a typical day
That’s 3.4 times the 2021 low (4), 58% more than in 2017–19 and well under 2024’s 22.
1 in 4 listings has cut its price
28% in the last year, against 13% in 2017–19 and 25% across Tennessee. More sellers are pricing high and coming down.
Source: Redfin Data Center, city market tracker, January 2014 to May 2026 (MLS sales, not seasonally adjusted). Ratios are weighted by homes sold; price cuts by homes for sale.
Owning the typical Cowan home costs about $861 a month
Price: Cowan’s typical sale, last 12 months. Property tax at Cowan’s 0.5% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Cowan is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in November
The month with the most choice. September has the fewest, about 2.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $153K home, about $760 a year.
Taxes vs. neighborsSchools
The schools grade for Cowan, from test results, graduation and how much students grow.
Schools in CowanCheck the flood map
Flood insurance isn’t in a standard policy, and lenders require it in FEMA flood zones. Check the address before you make an offer.
Natural hazardsLook up any property
Assessed value, lot size and every past sale of a home you’re eyeing are public, at the town or county assessor and the registry of deeds.
No busy market nearby sells for less a square foot; Decherd, Winchester, Estill Springs, Tullahoma and Manchester for far more
The busier markets within 25 miles of Cowan, by what sold. Prices, taxes and how far a paycheck goes next door are on Cost of living.
| Sold | Typical sale | $/sq ft | Over asking | Days to sell | |
|---|---|---|---|---|---|
| Tullahoma | 367 | $302K | $181 | 16% | 90 |
| Manchester | 240 | $298K | $196 | 13% | 88 |
| Winchester | 170 | $385K | $198 | 10% | 102 |
| Estill Springs | 61 | $265K | $192 | 18% | 93 |
| Decherd | 46 | $263K | $174 | 9% | 113 |
| Cowan | 27 | $153K | $134 | 15% | 104 |
Redfin Data Center, June 2025 to May 2026. Towns with fewer than 20 sales are left out, and Redfin doesn’t report every town separately.
Post your home to Cowan, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Cowan. People who follow the town see it, and so do people comparing Cowan with their own town. No commission, no listing fee.
Questions about buying a home in Cowan
What do homes sell for in Cowan, TN?
27 homes sold in the year to May 2026 at a typical $153K, $134 a square foot.
Is Cowan a buyer’s or seller’s market?
A buyer’s market: 15 homes were for sale in May 2026 and 1 sold, about 15 months of supply. Buyers paid 93% of asking on average, and 28% of listings cut their price.
When is the best time to buy in Cowan?
November brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Cowan?
About 0.5% of a home’s value a year. On a $153K home that’s near $760.
Where can I see homes for sale in Cowan?
Zillow, Redfin, Realtor.com and Homes.com all carry Cowan’s MLS listings; the search links above open each one filtered to Cowan.
Sales, prices, days on market and listings: Redfin Data Center (MLS, monthly, not seasonally adjusted). Property tax rate: Census American Community Survey. Two-bedroom rent: HUD Fair Market Rent. Typical home value: Zillow Home Value Index. Schools grade: TownRatings (how grades work).