Is Powell, TN 37849 a buyer’s or seller’s market?

The Powell housing market right now

In the three months ending August 31, 2026, 24% of homes in Powell, TN 37849 sold above their list price, the typical home went under contract in 48 days and there were 2 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 139 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 27%, homes sold faster (58 days then) and the median sale price fell 1% to $384,833. Overall, Powell is about as competitive as it was a year ago.

Within Knox County, homes here sell faster than in 81% of the county’s ZIP codes, and sell more often over asking than in 71%. On our competition score, Powell ranks #10 of 299 TN ZIP codes with enough sales (score 55 out of 100).

Nearby, buyers who want less competition could look at Knoxville 37916 (0% sold over asking) or Knoxville 37917 (9% sold over asking), while Corryton 37721 (37% sold over asking) and Knoxville 37909 (29% sold over asking) are even more competitive.