Is Knoxville, TN 37902 a buyer’s or seller’s market?

The Knoxville housing market right now

In the three months ending August 31, 2026, 17% of homes in Knoxville, TN 37902 sold above their list price, the typical home went under contract in 125 days and there were 5.5 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 19 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 27%, homes sold more slowly (70 days then) and the median sale price fell 5% to $529,771. Overall, Knoxville is less competitive than a year ago, which gives buyers more room.

Within Knox County, homes here sell more slowly than in any other ZIP code in the county, and sell less often over asking than in 71%. On our competition score, Knoxville ranks #125 of 299 TN ZIP codes with enough sales (score 32 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.