41 homes sold in Three Way in the last year, at a typical $272K
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 Three Way homes are listed.
Every place Three Way 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 Three Way.
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 Three Way’s sales, at a typical $272K
41 homes sold in the year to May 2026.
typical sale · 41 sold in 12 months
- Per square foot
- $170TN $209
- Days to sell
- 55
- Sold over asking
- 5%
- Listings with a price cut
- 25%
About as many homes sell as usual, at 1.8 times the 2016 price
41 sales in the last year, against 64 in 2020 and a low of 28 in 2014. The typical sale went from $153K in 2016 to $272K.
Source: Redfin Data Center, MLS sales. Typical price and $/sq ft are the monthly medians, weighted by sales.
What $250K buys in Three Way
Check a listing against what Three Way 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 Three Way are rarer than before the pandemic, and more homes are for sale
We read every month of Three Way’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, 41 sales.
If you’re buying in Three Way
- Shop in May. It brings about 5 new listings a month, close to the busiest month, with fewer bidding wars (13% over asking).
- Offer under asking. Buyers paid 97.8% of the list price on average; 5% paid over.
- You’ll usually have time. Only 24% of homes go under contract within two weeks; the typical one takes 55 days.
Summer brings the homes; winter brings the bidding wars
July has the most new listings (about 5 a month), but February is the most competitive: 36% of February sales close over asking. May offers nearly as much choice with fewer homes bid up (13%). May has the least competition (13%).
Averages for each calendar month, 2015 on.
Calmer than the 2021 frenzy, and calmer than Tennessee
| Three Way now | 2017–19 | 2021 peak | TN now | |
|---|---|---|---|---|
| Sold over askingShare of sales that closed above the list price | 5% | 23% | 45% | 14% |
| Gone within two weeksShare of homes under contract within 14 days | 24% | 4% | 0% | 27% |
| Listings with a price cutShare of homes for sale that cut their price | 25% | — | — | 25% |
| Price paid vs. askingAverage sale price ÷ list price | 97.8% | 99% | 100.2% | 97.3% |
| Days to sellMedian days from listing to contract | 55 | 87 | 67 | 70 |
13 homes for sale on a typical day
That’s 3 times the 2023 low (5) and 19% more than in 2017–19.
1 in 4 listings has cut its price
25% in the last year, against — in 2017–19 and 25% across Tennessee.
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 Three Way home costs about $1,543 a month
Price: Three Way’s typical sale, last 12 months. Property tax at Three Way’s 0.6% (median bill ÷ median value, Census ACS); insurance at 0.35% of price a year. Before PMI, HOA dues, upkeep and the tax deduction. Whether Three Way is affordable on local pay is on Cost of living.
Six things worth knowing
New listings in July
The month with the most choice. December 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 $272K home, about $1,480 a year.
Taxes vs. neighborsSchools
The schools grade for Three Way, from test results, graduation and how much students grow.
Schools in Three WayTypical commute
The average one-way trip to work for people who live in Three Way.
Work & commuteCheck 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.
Humboldt, Jackson, Milan, Bells and Alamo sell for less a square foot
The busier markets within 25 miles of Three Way, 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 | |
|---|---|---|---|---|---|
| Jackson | 752 | $277K | $146 | 14% | 43 |
| Milan | 127 | $205K | $143 | 25% | 39 |
| Medina | 120 | $364K | $171 | 17% | 96 |
| Humboldt | 118 | $160K | $100 | 16% | 44 |
| Three Way | 41 | $272K | $170 | 5% | 55 |
| Alamo | 22 | $199K | $129 | 32% | 82 |
| Bells | 20 | $212K | $140 | 20% | 140 |
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 Three Way, free
Selling it yourself, renting out an apartment or looking for a roommate? Post it to Three Way. People who follow the town see it, and so do people comparing Three Way with their own town. No commission, no listing fee.
Questions about buying a home in Three Way
What do homes sell for in Three Way, TN?
41 homes sold in the year to May 2026 at a typical $272K, $170 a square foot.
Is Three Way a buyer’s or seller’s market?
A seller’s market: 15 homes were for sale in May 2026 and 4 sold, about 3.8 months of supply. Buyers paid 97.8% of asking on average, and 25% of listings cut their price.
When is the best time to buy in Three Way?
July brings the most new listings. The sales history shows which months have fewer bidding wars.
How much are property taxes in Three Way?
About 0.6% of a home’s value a year. On a $272K home that’s near $1,480.
Where can I see homes for sale in Three Way?
Zillow, Redfin, Realtor.com and Homes.com all carry Three Way’s MLS listings; the search links above open each one filtered to Three Way.
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).