Knoxville - TN housing market
The Knoxville metro has a typical home value of $370,149, up 1.9% from a year ago. Homes are moving fast at 17 days on market, a strong seller's market. 30% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($370,149) is the Zillow Home Value Index for the Knoxville - TN metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are up 1.9% over the past year. In Knoxville - TN, that means a home worth $363,247 last year is now worth roughly $370,149.
The median sale price , what homes actually close for , is $365,146. Homes are selling at 97.8% of list price, meaning buyers have room to negotiate.
Homes listed in Knoxville - TN sit on the market for roughly 17 days before going pending. Shorter = seller's market; longer = buyer's market.
About 30.3% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 1,542 new listings hit the market each month in Knoxville - TN. There are currently 4,710 homes for sale, up 3.7% from a year ago.
The typical monthly rent in Knoxville - TN is $1,756, up 0.2% year over year. For investors, the price-to-rent ratio here is roughly 18x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in TN
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Nashville - TN | $457,809 | -0.9% | 24.0d |
| Memphis - TN | $247,919 | +0.1% | 26.0d |
| Chattanooga - TN | $327,580 | +-0.0% | 23.0d |
| Clarksville - TN | $294,345 | -0.5% | 26.0d |
| Kingsport - TN | $249,420 | +1.2% | 14.0d |