Market Update
Greater Knoxville Area
Q2 2026
Residential Property Snapshot
Single Family Homes & Condos | Q2 2026
Med. Sales Price
$405k
1% more than in
Q2 2025
Q2 2025
Avg. Days On Market
34
42% more than in
Q2 2025
Q2 2025
Closed Sales
2,810
7% more than in
Q2 2025
Q2 2025
Inventory
2,182
4% more than in
Q2 2025
Q2 2025
Sales Price vs. Closed Sales
- Single Family Homes
- Condos
| Median Close Price | Avg Close Price | Sold Total | |
|---|---|---|---|
| Q2 '22 | $351k | $421k | 2853 |
| Q2 '23 | $383k | $454k | 2405 |
| Q2 '24 | $390k | $460k | 2618 |
| Q2 '25 | $401k | $474k | 2638 |
| Q2 '26 | $405k | $514k | 2810 |
Closed
New
Inventory
Closed Sales by Price
- Single Family Homes
- Condos
| Closed Under $500k | 67.8% |
|---|---|
| Q2 '26 | 1904 |
| Q2 '25 | 1846 |
| 1YR CHANGE | +3% |
| Closed $500k - $1m | 26.2% |
| Q2 '26 | 735 |
| Q2 '25 | 674 |
| 1YR CHANGE | +9% |
| Closed $1m - $2m | 5.2% |
| Q2 '26 | 146 |
| Q2 '25 | 106 |
| 1YR CHANGE | +38% |
| Closed Over $2m | 0.9% |
| Q2 '26 | 25 |
| Q2 '25 | 12 |
| 1YR CHANGE | +108% |
Median Sales Price vs. Average Days on Market
- Single Family Homes
- Condos
| Avg Days On Market | Median Close Price | |
|---|---|---|
| Q2 '22 | 8 | $351k |
| Q2 '23 | 17 | $383k |
| Q2 '24 | 23 | $390k |
| Q2 '25 | 24 | $401k |
| Q2 '26 | 34 | $405k |
By Year
By Price
Market Data by Year
- Single Family Homes
- Condos
| Q2 2026
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'25 - '26
Inventory
Inventory represents the number of active properties on the market at the end of the quarter
4%
New Listings
New Listings represents the number of properties listed during the quarter.
18%
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.
-4%
Closed Sales
7%
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.
42%
Alcoa
Median
$358k
DOM
22
Sales
29
Inv
31
Downtown Knoxville
Median
$378k
DOM
18
Sales
13
Inv
32
Knoxville
Median
$325k
DOM
31
Sales
744
Inv
697
Louisville
Median
$1.5m
DOM
45
Sales
15
Inv
12
Maryville
Median
$391k
DOM
40
Sales
134
Inv
103
Sequoyah Hills
Median
$890k
DOM
22
Sales
27
Inv
20
Townsend
Median
$330k
DOM
105
Sales
6
Inv
7
University of Tennessee/Cumberland Avenue
Median
$640k
DOM
0
Sales
3
Walland
Median
n/a
DOM
0
Sales
0
Inv
1