Market Update
Greater Knoxville Area
Q1 2026
Residential Property Snapshot
Single Family Homes & Condos | Q1 2026
Med. Sales Price
$385k
3% less than in
Q1 2025
Q1 2025
Avg. Days On Market
43
54% more than in
Q1 2025
Q1 2025
Closed Sales
1,934
2% fewer than in
Q1 2025
Q1 2025
Inventory
1,862
6% more than in
Q1 2025
Q1 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q1 '22 | $323k | $379k | 2228 |
| Q1 '23 | $350k | $409k | 1799 |
| Q1 '24 | $380k | $439k | 1950 |
| Q1 '25 | $395k | $464k | 1980 |
| Q1 '26 | $385k | $470k | 1934 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $500k | 70.7% |
|---|---|
| Q1 '26 | 1368 |
| Q1 '25 | 1418 |
| 1YR CHANGE | -4% |
| Closed $500k - $1m | 24.7% |
| Q1 '26 | 477 |
| Q1 '25 | 482 |
| 1YR CHANGE | -1% |
| Closed $1m - $2m | 3.9% |
| Q1 '26 | 76 |
| Q1 '25 | 70 |
| 1YR CHANGE | +9% |
| Closed Over $2m | 0.7% |
| Q1 '26 | 13 |
| Q1 '25 | 10 |
| 1YR CHANGE | +30% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q1 '22 | 14 | $323k |
| Q1 '23 | 27 | $350k |
| Q1 '24 | 31 | $380k |
| Q1 '25 | 28 | $395k |
| Q1 '26 | 43 | $385k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q1 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
6%
New Listings
New Listings represents the number of properties listed during the quarter.
-4%
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.
6%
Closed Sales
-2%
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.
54%
Alcoa
Median
$313k
DOM
41
Sales
28
Inv
18
Downtown Knoxville
Median
$627k
DOM
46
Sales
24
Inv
27
Knoxville
Median
$315k
DOM
45
Sales
508
Inv
584
Louisville
Median
$640k
DOM
16
Sales
15
Inv
11
Maryville
Median
$371k
DOM
34
Sales
91
Inv
93
Sequoyah Hills
Median
$723k
DOM
47
Sales
16
Inv
14
Townsend
Median
$345k
DOM
149
Sales
3
Inv
4
University of Tennessee/Cumberland Avenue
Median
$630k
DOM
9
Sales
3
Walland
Median
$346k
DOM
16
Sales
2