06/16/2026
Knoxville Area Housing Market Update ๐ก
May continued the trend of strong sales. Sold listings were up 12.6% from last May, and pending sales were up 18% over last May. We can likely attribute this to more homes coming on the market, as well as increased buyer traffic.
For the first time in a couple of months, the median sales price has jumped to $385,000, and while the median days on market increased slightly from May 2025, it is below the 40+ DOM we've been seeing so far in 2026.
As a reminder, this Housing Market Update covers 12 counties in East Tennessee. I'd be happy to give you a better picture of what the housing market is doing closer to where you live - just send me a message!