07/27/2026
🏡 Knoxville Real Estate Market Insights – June 2026 🏡
Hey Knoxville neighbors! Let's dive into some key real estate trends that could impact your buying or selling decisions this summer:
* 📈 Rising Sale Prices: The median sale price for single-family homes has reached $419,000, marking a $8,675 increase from last month and a 3.46% rise year-over-year. Sellers, this is a great time to capitalize on the market's upward trend!
* 🏠 Homes Sold: We've seen 1,197 homes sold, an increase of 80 from last month and a significant 23.02% rise compared to last year. This surge indicates a robust demand, making it a competitive market for buyers.
* 📅 Quick Turnaround: Homes are spending an average of just 13 days on the market, a slight decrease from last month. Buyers, be prepared to act swiftly when you find the right home!
* 📈 New Listings: With 1,573 new listings, up by 167 from last month and a 53.61% increase year-over-year, there's more inventory to explore. Buyers, this could mean more options, while sellers might face more competition.
Whether you're buying or selling, understanding these trends can help you make informed decisions. Let's chat if you have any questions or need guidance on your next steps!
