Market Reports & Trends
Real data, real trends, real context, what's happening in the Knoxville real estate market right now, and what it means for you.
September 14, 2026
Knoxville Market Snapshot
The Knoxville housing market continues its measured shift toward balance as summer winds down. The mid-year market review pegs the metro-wide median sale price at $397,365, a steady 1.7% year-over-year gain. Active inventory sits at 5,661 listings across the Knoxville MSA (+5.2% YoY), with months of supply now at 3.9 months, the healthiest range since before the pandemic. Homes are spending a median of 65.7 days on the market (+6.6 days YoY), and just 15.7% of homes sell above original list price (down 4.5% from a year ago). Demand remains solid beneath the surface, sustained in-migration from higher-cost metros, the University of Tennessee, Oak Ridge National Laboratory, and the growing technology corridor continue to anchor buyer interest. But the market is increasingly split: well-priced, move-in-ready homes in top school zones still attract competitive offers within weeks, while overpriced or dated listings can sit for 70-plus days. With the 30-year fixed mortgage rate averaging 6.76% (Freddie Mac PMMS, week ending September 10, 2026, up from 6.71% the prior week), this is still one of the most balanced Knoxville markets since 2019. For buyers, that means real leverage. For sellers, pricing it right on day one has never been more critical.
Median Home Price
$397K
+1.7% YoY
Avg. Days on Market
65.7
Up 6.6 days YoY
Active Inventory
5,661
+5.2% YoY
Months of Supply
3.9
15.7% sell above list
Sources: Knoxville mid-year housing market review (August 3, 2026), East Tennessee REALTORS, FRED (Knoxville MSA), Redfin, Zillow, Houzeo, metro data through September 11, 2026. Freddie Mac PMMS (September 10, 2026).
If You're Buying
This remains one of the most buyer-friendly Knoxville markets in years. Inventory has climbed to roughly 3.9 months of supply,with active listings at 5,661,up 5.2% year-over-year,meaning more choices,less bidding-war pressure,and genuine room to negotiate. The share of homes selling above list price has dropped to 15.7%,and median days on market sits at 65.7 days. That said,well-priced homes in Farragut,Hardin Valley,and Oak Ridge still move quickly: Farragut homes range from roughly30to66 days on the market depending on the measure,while Oak Ridge homes are averaging about61 days. The split market is real: desirable properties in top school zones attract strong offers within weeks,while overpriced or dated listings can sit for70-plus days. With the 30-year fixed mortgage rate at 6.76%(Freddie Mac PMMS,week ending September 10,2026,up from 6.71% the prior week),the buying-power calculation has shifted,but Knoxville remains significantly more affordable than Nashville,Charlotte,or Atlanta.
Bart's tip: If you're flexible on location,look at South Knoxville,and Lenoir City,both offer strong long-term appreciation potential at distinctly lower entry points than Farragut. South Knoxville's median runs around $375K with 6.5% year-over-year gains,and its active inventory has climbed about 21% year-over-year to roughly 180 listings,giving buyers real room to negotiate. Oak Ridge delivers one of the strongest price stories in the region at roughly$388K(up 5.6% YoY(with an employment base that keeps absorbing inventory fast. With inventory at its highest in years,you have more leverage than buyers have had since 2019. For relocating families,I always recommend visiting a few neighborhoods in person before committing. I can help map your daily commute,school priorities,and lifestyle preferences to the right pocket of the metro.
If You're Selling
Sellers are still in a solid position in the $300K-$600K range where demand outpaces supply,but the days of list-it-and-watch-multiple-offers-roll-in are behind us. The share of homes selling above list price has dropped to 15.7%,down 4.5% from a year ago,a clear shift from the bidding wars of 2021-2023. Properties in Farragut,Sequoyah Hills,and Hardin Valley still command premium prices,with Farragut seeing strong YoY price growth,and a tight sub-3.9-month supply. Knoxville's overall market competitiveness continues to ease as inventory climbs,and days on market lengthen. Across Knox County,only about one in six homes sells above list price within the first two weeks,and early signs of softening are appearing at the edges,in West Knoxville's 37923 ZIP,the median sold price has fallen roughly 14% year-over-year while inventory has roughly doubled,a clear reminder that pricing it right from day one matters more than ever.
Bart's tip: Pricing strategy matters more now than it has in years. Overpricing by even 3-5% can leave your home sitting while comparable properties sell. Invest in professional photography and a pre-listing inspection, these small steps consistently yield higher offers and smoother closings. With only about 15.7% of homes now selling above list price, pricing right on day one is the single biggest factor in a successful sale. I'll help you land at the sweet spot.
Median Prices by Area
Approximate median sale prices for single-family homes in the Knoxville metro's most-searched suburbs, updated through September 11, 2026.
| Area | Median Price |
|---|---|
| Sequoyah Hills | $875K-$927K |
| Farragut | $787K |
| 37922 (W. Knox) | $655K |
| Hardin Valley (37932) | $535-575K |
| Lenoir City / Loudon Co. | $419-477K |
| 37923 (West Knox / Bearden) | $400K |
| Oak Ridge (37830) | $388K |
| Powell | $385-395K |
| South Knoxville (SoKno) | $375K |
| Knoxville Metro Avg. | $397K |
Farragut, Redfin 3-month median (mid-2026), Rocket Homes. 37922, Redfin. Hardin Valley, myhardinvalley.com / East Tennessee REALTORS full-year 2025 (update: early 2026 snapshot $535-575K), Redfin, Zillow. Lenoir City/Loudon, Redfin, Homes.com, Zillow, 865 Real Estate (July 2026). 37923, Redfin. Oak Ridge, Redfin, Movoto, HereTN. Powell, Redfin & Movoto (mid-2026). SoKno, Redfin & PriMPted (summer 2026). Sequoyah Hills, Redfin, Movoto, Homes.com (July 2026). Metro average, Knoxville mid-year market review (August 3, 2026).
Neighborhood Intel
What Makes Each Area Unique
Farragut
Farragut remains the premium family destination in the metro,and recent data keeps reinforcing it. Redfin and Rocket Homes both put a 3-month median sale price near $787K,up 14.9% year-over-year,while Movoto shows a near-identical $777K for June. Price per square foot runs about $275,up 10.4% year-over-year. Days on market vary by window:Redfin's 3-month average is about 66 days,while Movoto and local reports show roughly 30 days,and Zillow shows homes typically going to pending in about two weeks. That spread tells you well-priced homes still absorb quickly. Inventory is thin:roughly 32-112 active listings by source,or about 2.5 months of supply,which is why demand stays firm. For families prioritizing top-rated schools,low crime,and easy access to shopping and dining,Farragut remains the benchmark,though it comes at a genuine premium. Expect competition for move-in-ready homes.
Hardin Valley (37932)
Hardin Valley remains one of the hottest growth corridors in the metro,and the freshest listings data keeps reinforcing it. Redfin's most recent reading shows the 37932 median sale price near $535K,up 12.6% year-over-year,while RealtyTrac reads about $564K,Zillow's average home value sits around $542K,and local trackers cluster near $550K-$554K. Full-year2025,East Tennessee REALTORS data put the median at $535K,up 9.3% from2024,with659 sales in the ZIP. Price per square foot runs about $213. Homes absorb at very different speeds depending on the measure:Zillow puts days-to-pending at about 23,among the fastest in the metro,while Redfin's broader average stretches closer to 100 days,with months of supply near 2.3. Redfin rates the ZIP somewhat competitive at 48/100. Active inventory runs roughly 72-99 listings by most neighborhood trackers,giving buyers areal range of choices as new construction phases keep coming online. Top-rated schools,and active building communities keep demand firm,and this remains one of the few corridors where meaningful new supply keeps entering the market.
West Knoxville (37922 / 37923)
The broader West Knoxville corridor still offers the widest price range in the metro,and the two main ZIPs keep telling different stories. In37922,prime West Knoxville,Redfin reports a median sale price of roughly $655K,up 10.1% year-over-year,with44 sold days on market,a competitiveness score of63/100,and price per square foot around $230. Zillow's typical home value there is $647,855,up 0.5%,and inventory runs about 690-700 homes for sale. In37923,Bearden/Kingston Pike,the median sits around $400K,essentially flat year-over-year,+0.01%,with Zillow's typical value at $410,636,up 0.4%,and about440 active listings. The37923 numbers hint at softening:RealtyTrac shows the ZIP's median sold price down roughly14% from a year ago while inventory roughly doubled,a clear reminder that pricing right matters more than ever there. Across the corridor,homes typically go to pending within a couple of weeks per Zillow,though the two ZIPs remain sharply segmented:37922 commands premium pricingwith firm demand,while37923 offers a steadier,more attainable entry point.
Sequoyah Hills
Knoxville's most prestigious in-town neighborhood keeps a measured,steady pace. Redfin,and Homes.com both put the neighborhood median near $875K,up2.9% year-over-year for the 3-month window,with average sale prices running about $999K. An earlier March reading came in lower at $722K,up8.6% year-over-year,so results vary by window,and methodology. Homes typically spend about44-47 days on the market,and tight inventory remains the story:roughly 34 active listings at any given time,and about9 pending per Redfin. Luxury buyers are looking at median listing prices around $925-927K. Price per square foot runs $339-$354,and properties in the $1M+ range routinely exceed $400 per square foot. Tree-lined streets,historic charm,and Tennessee River access remain the draw,and well-maintained homes still command premium pricingwith minimal room to negotiate.
South Knoxville (SoKno), 37920
South Knoxville remains one of the metro's most compelling emerging stories,and the freshest numbers keep confirming buyer interest. Redfin reports a median sale price of approximately $375K,up6.5% year-over-year,with price per square foot around $228. Listing-based days on market run about59 days,up24.5% year-over-year per one tracker,while FRED's metro median DOM sits near54 days,and Redfin's neighborhood pages have shown faster sale paces. Active inventory has climbed to roughly180 listingsoverall on one tracker,up21.3% year-over-year,a clear step up from a year ago,andreal negotiating room for buyers. The Urban Wilderness trail system,Ijams Nature Center,and a growing restaurant,and coffee scene keep drawing young professionals,and outdoor enthusiasts. It's not one market,but a patchwork of micro-neighborhoods,so location matters:river-adjacent pockets are well established,while farther-south areas are still maturing. For buyers who want Knoxville proximity without the Farragut price tag,this remains one of the most interesting pockets in the metro.
Powell (37849)
Powell sits just north of downtown Knoxville,and keeps delivering some of the best value in the metro. Redfin lists the ZIP's median sale price at $385K,down1.3% year-over-year,thoughthe average sale price runs about $393K,up10.6% year-over-year,so results depend heavily on the mix of homes that close. Other trackers put typical home values around $353K-$365K,with gentle1-2% annual growth. Price per square foot is about $204,up1.2% year-over-year. Days on market span roughly30 days,Movoto,to74 days,Prop-Metrics,and active inventory runs roughly100-230 listingsoverall by source,giving buyers solid choices. Redfin rates the market somewhat competitive at52/100. Easy I-75 access,solid inventory,and dependable demand keep Powell a strong entry point for first-time buyers,and investors,with steady,affordable fundamentals.
Lenoir City / Loudon County
Lenoir City,and the broader Loudon County area keep offering small-town charm,lake living,and proximity to Knoxville,andthe data still shows a market in transition. Redfin's most recent Lenoir City sold median reads near $470K,up about16.5% year-over-year,thoughHomes.com reports a $475K median,upabout5%,with Zillow's typical home value running $419K,up1.9% year-over-year,a wide spread that tracks the mix of waterfront,and standard homes. For Loudon County as a whole,Redfin reports a median sale price of $477K,down8.7% year-over-year,with Tellico Village,and waterfront properties pulling numbers higher,andZillow's average home value for the county near $455K,up0.9%. Days on market run roughly54-91 days by source,and inventory has climbed:about200 homes in Lenoir City,or about2.9 months of supply,to roughly460 across the county,so negotiating room depends heavily on the pocket,and price point you target. The absorption rate has tightened to about3.6 months,per 865 Real Estate's July 2026 report. Zillow shows typical homes going to pending in undera month. For buyers who want more space,and a lake backdrop for the price,this corner of the region remains compelling.
Oak Ridge (37830)
Oak Ridge keeps presenting one of the more nuanced stories in the metro,with an employment engine that few suburbs can match. Redfin reports a median sale price of approximately $388K,up5.6% year-over-year,one of the stronger price gains in the region,with price per square foot around $189,and homes averaging about61 days on the market,vs57 a year earlier. Zillow's average home value sits near $330K,up2.3% year-over-year. Active inventory varies by source,from about134 on Movoto,to roughly173-245 on other trackers,giving buyers more to choose from than in years past. Oak Ridge National Laboratory,Y-12,and related tech employers keep anchor demand firm,and Redfin rates the market somewhat competitive at59/100. Forecasts hold essentially flat for the year ahead,so buyers here can afford to be patient,and well-timed,and sellers need sharp pricing,and presentation to stand out.
Outlook
Knoxville Market Forecast: Next 3-6 Months
Price Trajectory
Expect modest,single-digit appreciation of roughly3-5% through year-end of2026,and into early2027,with premium neighborhoods,Farragut,Hardin Valley,Oak Ridge,continuing to outpace the average. The market has shifted from frantic growth to steady,sustainable gains. Knoxville's mid-year review shows a median sale price of$397,365,up1.7% year-over-year,with inventory at5,661 active listings,and months of supply at3.9,the most balanced conditions since before the pandemic. Analysts broadly call this a balanced-to-slightly-seller-neutral market,with a real correction considered unlikely,while higher-inventory suburbs may see slight softening,and supply-constrained pockets keep upward pressure. Forecasters expect steady,single-digit appreciation through early2027. Expect nothing dramatic,just dependable gains.
Inventory & Supply
Active inventory has climbed to5,661 listings across the Knoxville MSA,up5.2% year-over-year,with months of supply at3.9,and some subareas tighter,downtown runs near1.2 months. The picture varies dramatically by neighborhood:Farragut stays supply-constrained,with only roughly32-112 active listings by source,while West Knoxville's37922 runs roughly690-700 homes for sale,and SoKno has climbed toward roughly180 listings,up21.3% year-over-year. Hardin Valley keeps a healthy roughly72-99 listings,with very fast absorption,about23 days to pending,and Oak Ridge ranges roughly135-245 by source. New construction,in Hardin Valley,and West Knoxville,keeps adding inventory,easing competition for buyersin those corridors. Across Knox County,only about15.7% of homes sell above original list price,a clear signal that the market is no longer tilted heavily toward sellers.
Interest Rates & Affordability
The 30-year fixed mortgage rate averaged 6.76% for the week ending September 10, 2026, up from 6.71% the prior week, its highest reading in over a year. Other September readings cluster similarly, Bankrate ~6.80%, Zillow ~6.77%, and MortgageDaily ~6.77% on September 9, 2026. Earlier in 2026, rates briefly dipped below 6% (5.98% in late February), but sticky inflation and rising oil prices have pushed forecasts higher. Fannie Mae's August projection sees the 30-year averaging about 6.8% in Q4 2026 and through the first half of 2027, before easing slightly to ~6.7%. The Mortgage Bankers Association similarly expects rates to hover near current levels through 2027. Knoxville remains significantly more affordable than Nashville, Charlotte, or Atlanta for comparable homes, a key driver of the continued in-migration that supports local demand.
Buyer Demand & Competition
Relocation buyers continue to fuel demand,especially in the$300K-$600K range where most relocating families land. The market is increasingly split:well-maintained,correctly priced homes,in top school zones,still attract strong offers quickly,especially in Farragut,Oak Ridge,and Hardin Valley,while overpriced or dated listings can linger for70-plus days. Competitiveness scores now range from the40s,Farragut,and Hardin Valley,to63/100,West Knoxville's37922, a buyer-friendly spread compared to the80+ scores seen during the pandemic frenzy. Only about15.7% of homes citywide sell above original list price,down from20%+,in prior years,and pockets like West Knoxville's37923 are showing sold prices down year-over-year. Working with a local agent who understands these micro-market dynamics makes a real difference,pricing right on day one has never mattered more.
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