Market Update
Greater Knoxville Area
Q3 2026
Residential Property Snapshot
Single Family Homes & Condos | Q3 2026
Med. Sales Price
$410k
3% more than in
Q3 2025
Q3 2025
Avg. Days On Market
34
3% more than in
Q3 2025
Q3 2025
Closed Sales
2,564
3% fewer than in
Q3 2025
Q3 2025
Inventory
2,519
Data unavailable for
Q3 2025
Q3 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q3 '22 | $350k | $413k | 2919 |
| Q3 '23 | $380k | $454k | 2237 |
| Q3 '24 | $400k | $474k | 2493 |
| Q3 '25 | $399k | $488k | 2633 |
| Q3 '26 | $410k | $504k | 2564 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $500k | 66.9% |
|---|---|
| Q3 '26 | 1716 |
| Q3 '25 | 1812 |
| 1YR CHANGE | -5% |
| Closed $500k - $1m | 28.0% |
| Q3 '26 | 717 |
| Q3 '25 | 684 |
| 1YR CHANGE | +5% |
| Closed $1m - $2m | 4.1% |
| Q3 '26 | 106 |
| Q3 '25 | 112 |
| 1YR CHANGE | -5% |
| Closed Over $2m | 1.0% |
| Q3 '26 | 25 |
| Q3 '25 | 25 |
| 1YR CHANGE | 0% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q3 '22 | 11 | $350k |
| Q3 '23 | 14 | $380k |
| Q3 '24 | 20 | $400k |
| Q3 '25 | 33 | $399k |
| Q3 '26 | 34 | $410k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q3 2026
Rotate your device to view as table
'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
11%
New Listings
New Listings represents the number of properties listed during the quarter.
292%
Months Supply of Inventory
Months' supply of inventory refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
14%
Closed Sales
-3%
Average Days On Market
Average Days on Market represents the number of days that a property has been listed until a seller has accepted an offer and signed a contract.
3%
Alcoa
Median
$338k
DOM
27
Sales
40
Inv
19
Downtown Knoxville
Median
$675k
DOM
65
Sales
19
Inv
26
Knoxville
Median
$325k
DOM
35
Sales
655
Inv
786
Louisville
Median
$850k
DOM
32
Sales
13
Inv
15
Maryville
Median
$393k
DOM
31
Sales
162
Inv
116
Sequoyah Hills
Median
$1.1m
DOM
44
Sales
18
Inv
17
Townsend
Median
$475k
DOM
58
Sales
3
Inv
10
University of Tennessee/Cumberland Avenue
Median
$635k
DOM
11
Sales
3
Inv
4
Walland
Median
n/a
DOM
0
Sales
0
Inv
2