Market Intelligence Report — TN-940

Knoxville, TN

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

Ref. No: 2026-TN-08
As of the latest 2026 data
Stabilizing

Median Listing

$450K
+0.0% YoY

Pending Ratio

0.50
-7.0% YoY

Active Inventory

3,658
+7.5% YoY

Median DOM

58 Days
+0.0% YoY

Primary Intelligence Tool — Sold Score™

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Knoxville, TN, is currently in a Stabilizing condition. The pending ratio stands at 0.50, indicating a balanced demand absorption relative to available inventory. Active listings have expanded by 7.5% year-over-year, contributing to this stabilization.

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

3.2%-0.4 pp YoY

Unemployment rate · Jul 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 experiencing moderate inventory growth, with active listings up 7.5% and new listings up 5.1% over the past year. Concurrently, the pending ratio has declined by 7.0% year-over-year, settling at 0.50, suggesting a slight moderation in demand pace. Median listing prices remain flat year-over-year, indicating price stability despite increased inventory.

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

$450K-0.0% MoM

Active Inventory

3,658+7.5% YoY

Days on Market

58+0.0% YoY

Sold Score™

58-7.0% YoY

Sold Score™ Over Time

Market liquidity index • 36 months

58
Sep 23Aug 26

Price & Days on Market

Median listing vs market velocity

Price DOM
Sep 23Aug 26

Inventory Dynamics

Total active listings vs new monthly supply

Active New listings
Sep 23Apr 24Nov 24Jun 25Jan 26Aug 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

In this environment, neither demand nor supply exhibits overwhelming pressure. The stable pending ratio and increasing inventory levels suggest a market where the pace of transactions is moderate. Negotiating leverage is balanced, with sufficient inventory allowing for deliberate consideration, yet demand is consistent enough to prevent significant price concessions.

Luxury Segment

The average listing price, at $618,681, maintains a notable spread over the median listing price of $449,900. However, both average listing price and median $/sqft are experiencing modest year-over-year growth of 1.0% and 1.4%, respectively, indicating no distinct luxury-segment softness in this dataset.

Supply Dynamics

3,658 active listings represent the current floor, with new supply arriving at roughly 1,404 per month.

Pricing Pressure
26.0%

of active listings carry a price reduction, +0.7% from prior period.

$/Sq Ft
$0K

Median price per square foot has moved +1.4% year-over-year.

Absorption
0.50

Pending-to-active ratio — Stabilizing.

Recommended For This Market

Stabilizing

Selling in Knoxville, TN? Buyer Demand Index is running at 50%.

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

Buyer Demand Index
50%
Median Days on Market
58 days
Inventory YoY
+8%

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

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Dustin Gray

Other

How these recommendations are chosen →

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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

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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 0.50 with median days on market at 58.

  • Are home prices dropping in Knoxville?+

    Median listing price is $450K, +0.0% year over year. 26.0% of active listings carry a price reduction.

  • How fast are homes selling in Knoxville?+

    The typical listing sits 58 days on market, a +0.0% change YoY. New listings are arriving at 1,404 per month.

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

    The average listing price, at $618,681, maintains a notable spread over the median listing price of $449,900. However, both average listing price and median $/sqft are experiencing modest year-over-year growth of 1.0% and 1.4%, respectively, indicating no distinct luxury-segment softness in this dataset.

  • 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