07/24/2026
📊 Knoxville Real Estate Market Update | June 2026 🏡
Wondering what's happening in the Knoxville housing market? Here's a quick snapshot:
📍 Average Home Value: $376,648 (up 1% from last year)
🏠 Inventory is Growing: More than 2,000 homes are currently on the market, giving buyers more options than we've seen in recent years.
⏳ Homes Are Taking Longer to Sell: The median time on market has increased to 47–54 days, meaning pricing and marketing matter more than ever.
💰 Negotiation Opportunities: More homes are selling below list price, and buyer incentives like closing cost assistance and rate buy-downs are becoming increasingly common.
What This Means
✅ For Buyers:
More homes to choose from
Less competition than the past few years
Greater negotiating power
Opportunity to secure seller concessions
✅ For Sellers:
Well-priced, well-marketed homes are still selling.
Buyers are more selective, so professional marketing, accurate pricing, and strong presentation are critical.
The Knoxville market isn't crashing—it's rebalancing. Buyers have more choices, while sellers who price strategically and present their homes well are still achieving successful sales. Every neighborhood and price point behaves differently, so local expertise matters.
📲 If you're thinking about buying, selling, or investing in East Tennessee, I'd be happy to help you understand what these trends mean for your specific goals
