Troy Stavros - Housing Market Report

Knoxville, TN 37932

Single-Family Homes

CornerStone Realty Associates | Broker | 865-999-0925


Knoxville, TN 37932

Sun May 19 2024
This week the median list price for Knoxville, TN 37932 is $647,633 with the market action index hovering around 53. This is less than last month's market action index of 57. Inventory has increased to 74. Click here to stay informed with the Knoxville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Knoxville, TN 37932

Sun May 19 2024
This week the median list price for Knoxville, TN 37932 is $647,633 with the market action index hovering around 53. This is less than last month's market action index of 57. Inventory has increased to 74. Click here to stay informed with the Knoxville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Strong Seller's Market

Market appears to have begun to cool. As we’re still notably in the Seller’s zone, prices have not yet adjusted. If the market continues to cool, then expect prices to follow lower. It may take a few more weeks of slack demand for prices to reflect and begin to fall. Expect this condition if the index falls to the Buyer’s zone.

Real-Time Market Profile

Never miss important changes in the Knoxville market.
Median List Price $647,633
Median Price of New Listings $575,000
Per Square Foot $231
Average Days on Market 40
Median Days on Market 28
Price Decreased 35%
Price Increased 16%
Relisted 0%
Inventory 74
Median Rent
Market Action 53
Strong Seller's Market

In this zip code this week saw relatively little price change from last week. However, we continue to demonstrate a nice up trend over the last several weeks.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$792,450 3,394 0.25 - 0.5 acre 4 4 1 2 1 21
$685,412 2,894 8,000 - 10,000 sqft 4 3.3 1 2 1 35
$599,000 2,573 8,000 - 10,000 sqft 4 3 2 4 2 35
$454,900 2,153 8,000 - 10,000 sqft 3 2.5 19 6 3 21