City energy, mountain access
Knoxville Real Estate
Established neighborhoods, a lively downtown and access to major employers, the University of Tennessee, area lakes and the Smokies.
$325K
Median sale price
54
Median days on market
+1.4%
Annual sales activity
Knoxville combines a year-round employment base, established neighborhoods and an active downtown with direct access to East Tennessee's lakes and mountains. Buyers can compare historic homes, downtown condos, mid-century neighborhoods and newer suburban construction within one broad market.
Market data
Knoxville Real Estate Market Snapshot
Current pricing, pace and inventory conditions for buyers and sellers in Knoxville.
City median sale price
$324,837
Annual price change
−0.5%
Median days on market
54 days
Metro active listings
3,658
Median price per sq. ft.
$242
Metro months of supply
3.9 months
Knoxville's median sale price was approximately $324,837 for the three months ending July 2026, down 0.5 percent from the prior year. The median price per square foot reached $242, up 8.5 percent year over year, showing that property type, size and neighborhood continue to shape value differently across the city.
Homes sold in a median of 54 days, compared with 49 days a year earlier. Redfin characterized the city market as somewhat competitive, with homes receiving about two offers on average. July recorded 763 sales, a 1.4 percent increase from the prior year.
The broader nine-county Knoxville metro tells a different pricing story than the city limits. Its median sale price reached about $410,000 in May 2026, while active metro inventory stood near 3,658 homes with 3.9 months of supply by August. That added selection has moved the market closer to balance, but well-positioned homes can still draw competition.
Figures reflect publicly reported market data from Redfin, Realtor.com and Zillow for 2026 and are updated periodically. Local conditions shift by season, price band and neighborhood — call for current, address-specific numbers.
Everyday life
Community and Lifestyle in Knoxville
Shopping, dining, recreation, schools and commuting — what living here actually feels like.
Shopping and services
Regional shopping, medical care and everyday services across downtown, west and north Knoxville.
Dining
Independent restaurants, breweries and gathering places around Market Square, the Old City and neighborhood centers.
Parks and recreation
Urban greenways, the Tennessee River and nearby lakes, with the national park within day-trip reach.
Education
Knox County Schools and the University of Tennessee, whose flagship campus anchors the city.
Commuting
An average city commute near twenty minutes, with interstate access throughout the region.
Character
Historic districts, established neighborhoods, downtown living and newer suburban options.
Knoxville has the services and culture of a regional city without losing access to East Tennessee's outdoors. Downtown, Market Square and the Old City support independent restaurants, entertainment and events, while the University of Tennessee adds major-college athletics and a steady academic presence.
Neighborhood character varies meaningfully. Buyers can look to historic areas near the center city, established communities such as Fountain City and Bearden, or newer development farther west and north. The choice of neighborhood affects commute, school assignment, walkability and price as much as the house itself.
The average city commute is about twenty minutes. Major roads connect residents to Oak Ridge, Maryville, Sevierville and McGhee Tyson Airport, while the Tennessee River, nearby lakes, greenways and the Great Smoky Mountains provide year-round recreation.
For buyers
Why Buyers Choose Knoxville
Value, lifestyle, amenities, schools and location — the reasons buyers keep returning to this market.
Broad housing choice
Historic homes, condos, established neighborhoods and newer construction across distinct submarkets.
Year-round economy
Major employers, health care and the University of Tennessee support demand beyond tourism cycles.
Everyday access
A city-scale mix of dining, services and entertainment with mountains and lakes close by.
More negotiating room
Longer market times and improving supply give prepared buyers more opportunity to compare homes carefully.
Buyers choose Knoxville for range. A single search can include a downtown condo, a historic bungalow, an established mid-century home and newer construction, but each submarket behaves differently. Comparing recent sales at the neighborhood level is more useful than relying on one metro-wide number.
The city also works for buyers who want year-round employment, health care, education and entertainment without giving up access to the Smokies. With more inventory than in recent years, buyers have greater room to compare condition, location and long-term resale value before committing.
For sellers
Why Sellers Benefit
Demand, pricing trends and inventory conditions working in an owner's favor right now.
Diverse demand
Local moves, relocation, university, medical and regional employment support year-round activity.
Sales remain active
Knoxville recorded 763 city sales in July 2026, up 1.4 percent from a year earlier.
Neighborhood value matters
Pricing varies widely across the city, making close, recent comparable sales essential.
Preparation creates an edge
As buyers gain options, condition, presentation and accurate launch pricing protect the result.
Knoxville sellers still benefit from a diverse buyer pool supported by education, health care, regional employment and relocation demand. July 2026 sales were up 1.4 percent year over year even as the median city sale price remained nearly level, evidence of an active but more selective market.
With homes taking a median of 54 days to sell and metro supply near 3.9 months, pricing and preparation matter more than they did in the most supply-constrained years. The strongest launch strategy uses neighborhood-level comparable sales, clear positioning and polished presentation rather than a broad metro average.
Thinking about Knoxville?
Call (865) 386-1692 or email rasa.baldino@gmail.com for current pricing, rental performance and off-market opportunities.