Photo: Brian Stansberry · CC BY 3.078 homes sold in Erwin in the last year, at a typical $248K
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 Erwin homes are listed.
Every place Erwin 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 Erwin.
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 96% of Erwin’s sales, at a typical $243K
78 homes sold in the year to May 2026.
typical sale · 75 sold in 12 months
- Per square foot
- $163TN $209
- Days to sell
- 70
- Sold over asking
- 15%
- Listings with a price cut
- 35%
Multi-family (2–4 units): 1 sold, typical $535K
Condos: 2 sold, typical $325K
Too few sales in 12 months for reliable figures.
About as many homes sell as usual, at 2.5 times the 2016 price
78 sales in the last year, against 99 in 2022 and a low of 38 in 2014. The typical sale went from $98K in 2016 to $248K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Erwin
Check a listing against what Erwin 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 Erwin are back to pre-pandemic levels, and more homes are for sale
We read every month of Erwin’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, 78 sales.
If you’re buying in Erwin
- Shop in September. It brings about 9 new listings a month, close to the busiest month, with fewer bidding wars (12% over asking).
- Offer under asking. Buyers paid 95.9% of the list price on average; 14% paid over.
- You’ll usually have time. Only 25% of homes go under contract within two weeks; the typical one takes 75 days.
Summer brings both the most homes and the most bidding wars
June has the most new listings (about 9 a month), but July is the most competitive: 25% of July sales close over asking. September and October offer nearly as much choice with fewer homes bid up (12%). January has the least competition (11%) but only about 5 new listings.
Averages for each calendar month, 2015 on.
Nearly as heated as 2021, and about like Tennessee as a whole
| Erwin now | 2017–19 | 2021 peak | TN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 14% | 18% | 22% | 14% |
| Gone within two weeksShare of homes under contract within 14 days | 25% | 9% | 7% | 27% |
| Listings with a price cutShare of homes for sale that cut their price | 35% | — | — | 25% |
| Price paid vs. askingAverage sale price ÷ list price | 95.9% | 97.1% | 97.1% | 97.3% |
| Days to sellMedian days from listing to contract | 75 | 90 | 65 | 70 |
33 homes for sale on a typical day
That’s 2.2 times the 2018 low (15) and 94% more than in 2017–19.
1 in 3 listings has cut its price
35% in the last year, against — in 2017–19 and 25% across Tennessee.
Erwin ranks 59th of 108 busy Tennessee markets for bidding wars
Share of sales over asking in the last year, among towns with 60 or more sales. Erwin is in the middle of the pack.
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 Erwin home costs about $1,443 a month
Price: Erwin’s typical sale, last 12 months. Property tax at Erwin’s 0.7% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Erwin is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in June
The month with the most choice. December has the fewest, about 5.
Best time to buyProperty tax, a year
Of a home’s value: the median bill over the median home value. On a $248K home, about $1,790 a year.
Taxes vs. neighborsSchools
The schools grade for Erwin, from test results, graduation and how much students grow.
Schools in ErwinCheck 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; Jonesborough for far more
The busier markets within 25 miles of Erwin, 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 | |
|---|---|---|---|---|---|
| Johnson City | 1,122 | $332K | $181 | 15% | 52 |
| Elizabethton | 221 | $253K | $171 | 15% | 58 |
| Jonesborough | 210 | $396K | $208 | 14% | 75 |
| Erwin | 78 | $248K | $163 | 14% | 75 |
| Unicoi | 27 | $316K | $176 | 15% | 73 |
| Pine Crest | 25 | $289K | $175 | 24% | 47 |
| Valley Forge | 21 | $240K | $168 | 10% | 57 |
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 Erwin, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Erwin. People who follow the town see it, and so do people comparing Erwin with their own town. No commission, no listing fee.
Questions about buying a home in Erwin
What do homes sell for in Erwin, TN?
78 homes sold in the year to May 2026 at a typical $248K, $163 a square foot.
Is Erwin a buyer’s or seller’s market?
A buyer’s market: 37 homes were for sale in May 2026 and 6 sold, about 6.2 months of supply. Buyers paid 95.9% of asking on average, and 35% of listings cut their price.
When is the best time to buy in Erwin?
June brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Erwin?
About 0.7% of a home’s value a year. On a $248K home that’s near $1,790.
Where can I see homes for sale in Erwin?
Zillow, Redfin, Realtor.com and Homes.com all carry Erwin’s MLS listings; the search links above open each one filtered to Erwin.
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).