Is Knoxville, TN 37919 a buyer’s or seller’s market?

Seller’s market 3 months ending August 31, 2026 · Source: Redfin

Knoxville is a seller’s market. With about 2.7 months of supply and 13% of recent sales closing above the original list price, competing offers are common on well-priced homes. Buyers here often have a pre-approval in hand and a plan for the appraisal gap before touring.

Competition score33/ 100

More competitive than 30% of U.S. ZIP codes, and #118 of 299 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply2.7Under 4 months = seller’s market
Sold above original list13%Share of sales, last 3 months
Median sale-to-list97.2%Sold price ÷ list price
Median days on market62Listing to accepted offer
Median price per sq ft$258▼ −3.9% vs. last year

The Knoxville housing market right now

In the three months ending August 31, 2026, 13% of homes in Knoxville, TN 37919 sold above their list price, the typical home went under contract in 62 days and there were 2.7 months of supply. Under four months of supply means sellers have the edge: expect competition for well-priced homes. That’s based on 135 home sales.

Compared with the same period a year earlier, the share selling over asking rose from 10%, homes sold more slowly (50 days then) and the median sale price fell 22% to $509,779. Overall, Knoxville is about as competitive as it was a year ago.

Within Knox County, homes here sell more slowly than in 81% of the county’s ZIP codes, and sell less often over asking than in 90%. On our competition score, Knoxville ranks #118 of 299 TN ZIP codes with enough sales (score 33 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.

Nearby markets

Corryton 37721Seller’s market $209 /sq ftKnoxville 37902Balanced $579 /sq ftKnoxville 37909Seller’s market $223 /sq ftKnoxville 37912Seller’s market $221 /sq ft Browse all markets →

Where Knoxville is

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Questions about Knoxville real estate

Is Knoxville a buyer’s or seller’s market?

A seller’s market: there were 2.7 months of supply in Knoxville, TN 37919 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Knoxville?

The typical home went under contract in 62 days in the latest three months.

Do homes in Knoxville sell over asking?

13% of homes sold above their original list price, and the typical sale closed at 97.2% of the list price.

What are property taxes in Knoxville?

About 0.43% of a home’s value a year in Knox County, or roughly $1,720 on a $400,000 home.

What is the median home price in Knoxville?

The median sale price was $509,779 in the three months ending August 31, 2026, about $258 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology