Troy Stavros - Housing Market Report
Knoxville, TN 37920
Single-Family Homes
CornerStone Realty Associates | Broker | 865-999-0925
Knoxville, TN 37920
Sun May 19 2024
This week the median list price for Knoxville, TN 37920 is $450,000 with the market action index hovering around 63. This is an increase over last month's market action index of 59. Inventory has decreased to 44.
Market Action Index
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Strong Seller's Market
The market continues to get hotter. More sales demand and fewer homes listed have contributed to a relatively long run of increasing prices. Current supply and demand levels show no sign of prices changing from their current trend.
Real-Time Market Profile
| Median List Price | $450,000 | |
| Median Price of New Listings | $599,000 | |
| Per Square Foot | $245 | |
| Average Days on Market | 70 | |
| Median Days on Market | 35 | |
| Price Decreased | 34% | |
| Price Increased | 5% | |
| Relisted | 7% | |
| Inventory | 44 | |
| Median Rent | ||
| Market Action | 63 | |
| 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 |
|---|---|---|---|---|---|---|---|---|
| $875,000 | 2,866 | 1 - 2.5 acres | 4 | 4 | 20 | 5 | 1 | 42 |
| $525,000 | 2,480 | 0.25 - 0.5 acre | 3 | 2.5 | 33 | 3 | 1 | 35 |
| $395,000 | 1,774 | 0.25 - 0.5 acre | 3 | 2 | 56 | 4 | 4 | 14 |
| $305,000 | 1,175 | 0.25 - 0.5 acre | 3 | 1.5 | 61 | 1 | 5 | 63 |