Market Intelligence Report — TN-940

Knoxville, TN

Monthly housing intelligence, market trends, and trusted local expertise.

Ref. No: 2026-TN-09
As of the latest 2026 data
Stabilizing

Median Listing

$447K
-0.7% YoY

Pending Ratio

0.48
-1.4% YoY

Active Inventory

3,749
+6.3% YoY

Median DOM

60 Days
-2.4% YoY

Primary Intelligence Tool — Sold Score™

Will your home sell in today's stabilizing Knoxville market?

Sold Score™ analyzes 40+ local data points to estimate your home's probability of sale in the next 60 days across Knoxville, TN.

Free ReportNo Sign-up~60 Seconds

The Knoxville housing market is stabilizing, with a pending ratio of 0.48 indicating a more balanced demand absorption. Active listings expanded by 6.3% year-over-year, yet median listing prices experienced a modest month-over-month decline of 0.6%.

Local Market Signals

Source: FRED (St. Louis Fed)

Local economic trends can influence how quickly homes sell and how much competition sellers may face.

Job Market

2.9%-0.3 pp YoY

Unemployment rate · Sep 2026

Shows whether local employment conditions are supporting buyer demand.

U.S. Bureau of Labor Statistics via FRED (St. Louis Fed).

Population & Migration

968,137+0.9% YoY

Resident population · Jan 2025

Shows whether the area is gaining or losing potential housing demand.

U.S. Census Bureau via FRED (St. Louis Fed).

Future Housing Supply

Data not yet available.

Shows whether future inventory pressure may increase.

Market Analysis

What's moving the Knoxville market right now.

The market is exhibiting signs of stabilization, with active listings increasing by 6.3% year-over-year, complemented by a 7.9% rise in new listings over the past year. Concurrently, the pending ratio slightly decreased by 1.4% year-over-year to 0.48, while the median listing price saw a marginal decline of 0.6% month-over-month and 0.7% year-over-year, suggesting some price normalization. Median days on market remained relatively consistent, decreasing by 2.4% year-over-year to 60 days.

Dustin Gray
Dustin Gray
Other

“Local pricing and inventory dynamics across Knoxville shift block by block — happy to walk through what's actually closing.”

Historical Analysis

Market Trends

Median Price

$447K-0.6% MoM

Active Inventory

3,749+6.3% YoY

Days on Market

60-2.4% YoY

Sold Score™

60-1.4% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

60
Oct 23Sep 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Oct 23Sep 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Oct 23May 24Dec 24Jul 25Feb 26Sep 26

Sourced from Realtor.com RDC Inventory Core Metrics, supplemented by the Primpted research desk. Updated As of the latest 2026 data.

Market Signals & Indicators

Negotiating Leverage

Negotiating leverage is showing signs of rebalancing, as the growth in active listings eases inventory pressure. The modest year-over-year decline in the price-reduced share to 25.4% suggests some price discipline, even as properties spend an average of 60 days on market. The current pace of sales indicates neither significant acceleration nor deceleration.

Luxury Segment

The luxury segment in Knoxville does not present a distinct signal in this dataset. The average listing price increased by 0.7% year-over-year, while the median price declined slightly, but no significant divergence in $/sqft or median square footage trends indicates a unique dynamic for higher-priced tiers.

Supply Dynamics

3,749 active listings represent the current floor, with new supply arriving at roughly 1,396 per month.

Pricing Pressure
25.4%

of active listings carry a price reduction, -2.5% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +0.9% year-over-year.

Absorption
0.48

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Knoxville, TN? Buyer Demand Index is running at 48%.

Knoxville, TN is sitting near equilibrium. Preparation, pricing and timing decide whether a listing sells fast or lingers.

Buyer Demand Index
48%
Median Days on Market
60 days
Inventory YoY
+6%

Knoxville, TN is balanced, so preparation decides the outcome. Your Sold Score shows where you stand today.

Check my home's Sold Score →

Talk to a local listing expert covering Knoxville, TN.

Dustin Gray →

Other

How these recommendations are chosen →

The Monthly Briefing

Stay ahead of the Knoxville market.

One email per month: median price, inventory, days on market, and curated expert commentary — straight from the Primpted data desk.

Track your ZIP

Get the Sold Score for your exact ZIP code in your inbox each month.

One email per month when your ZIP's Sold Score is updated. Unsubscribe anytime.

Metro Demographics

Metro Area
Knoxville, TN
CBSA Code
28940
State
TN

ZIPs in Knoxville, TN

Sorted by active inventory · click a ZIP for its full report

Vetted Local Practitioners

Direct Consultation

Need a real Knoxville expert on the phone?

Skip the search. Our vetted local practitioners know the Knoxville, TN micro-markets, pricing strategy, and negotiation dynamics — and they answer the phone.

Analysis FAQ
  • What is the current market condition in Knoxville?+

    As of the latest 2026 data, the Knoxville metro is classified as Stabilizing. Pending ratio is 0.48 with median days on market at 60.

  • Are home prices dropping in Knoxville?+

    Median listing price is $447K, -0.7% year over year. 25.4% of active listings carry a price reduction.

  • How fast are homes selling in Knoxville?+

    The typical listing sits 60 days on market, a -2.4% change YoY. New listings are arriving at 1,396 per month.

  • What's happening in the Knoxville luxury market?+

    The luxury segment in Knoxville does not present a distinct signal in this dataset. The average listing price increased by 0.7% year-over-year, while the median price declined slightly, but no significant divergence in $/sqft or median square footage trends indicates a unique dynamic for higher-priced tiers.

  • Where can I find a trusted Knoxville real estate expert?+

    Primpted maintains a vetted registry of Knoxville agents with verified credentials, Google reviews, and neighborhood specialization. See the Featured Experts section above.

Data & Methodology

Primary data sourced via Realtor.com's RDC Inventory Core Metrics (CBSA-level), supplemented by editorial analysis and the Primpted local expert registry. Historical trends calculated on a rolling 12-month basis. Past direction is not a forecast.

As of the latest 2026 data · CBSA 28940 · 36mo history