Knoxville, TN Home Values & Market Trends
Real estate market trends reflect that there have been 7,186 transactions over the past year in Knoxville. The median value for residential home transactions that occurred over the previous year is $372,177.13. The number of current listings in Knoxville is 1,113, and the percentage of properties for sale in the city is 1113.00%. Knoxville, TN currently has 105 properties in foreclosure, 10 bank owned properties, 95 properties headed for auction, and 1,113 properties for sale.
Knoxville, TN Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 37918 | $ 336,872 $ 199/sqft | 37914 | $ 289,950 $ 171/sqft |
| 37922 | $ 633,790 $ 227/sqft | 37924 | $ 389,281 $ 195/sqft |
| 37920 | $ 340,000 $ 214/sqft | 37912 | $ 266,875 $ 207/sqft |
| 37932 | $ 499,533 $ 215/sqft | 37909 | $ 365,250 $ 216/sqft |
| 37919 | $ 540,112 $ 246/sqft | 37915 | $ 208,999 $ 202/sqft |
| 37931 | $ 452,676 $ 211/sqft | 37902 | $ 676,017 $ 536/sqft |
| 37923 | $ 404,144 $ 213/sqft | 37916 | $ 561,067 $ 427/sqft |
| 37921 | $ 319,951 $ 197/sqft | 37996 | $ -- $ -- |
| 37917 | $ 281,875 $ 225/sqft | 37929 | $ -- $ -- |
| 37938 | $ 457,450 $ 211/sqft | 37998 | $ -- $ -- |
Housing Market Summary for Knoxville, TN
| Apr 2023 | March 2024 | Change | |
|---|---|---|---|
| Median Listing Price | $399.6K | $355.6K | -11.02% |
| Median Sold Price | $330.7K | $355.6K | 7.53% |
| Homes For Sale | 749 | 966 | 28.97% |
| Homes Sold | 2,454 | 3,203 | 30.52% |
Price Per Square Foot
On an average, Single Family homes cost $33 more per sqft than Condos. In comparison with sales price/sqft last week, list price/sqft of Single Family homes increased by 1.93% whereas, list price/sqft of Condos increased by 9.38%.
Recently Sold Homes
Explore recent offers and recently sold homes in Knoxville, TN
Browse Homes in Knoxville, TN
Knoxville home values range from $20,912 to $39,715,393. The median estimated value of a home in Knoxville is $372,177.13. The median list price of a home is 424,900, and the total count of properties in the city is 148,475.
- Pre-ForeclosurePre-foreclosure homes account for 0% of all residential properties in Knoxville, TN with $[pre-foreclosures-highest-count-region] containing 0 pre-foreclosures, the highest number of pre-foreclosure properties in a single zip. There are 20 zips within Knoxville, TN; of those zips, the estimated home value for pre-foreclosure homes ranges from $0 in N/A to the lowest home value of $0 in $[pre-foreclosures-lowest-avm-region].
- Bank OwnedThe median estimated home value of bank owned homes (REO properties) in Knoxville, TN ranges from the highest value of $259,750 in 37920 to the lowest value of $152,500 in 37914. Bank owned homes and properties account for 0.01% of properties in Knoxville, TN. There are 20 zips within Knoxville, TN; 37917 containing 4 REO properties, has the highest number of bank owned properties in a single zip.
- Auctions37931 has 14 auction properties, the highest number of properties going to auction in a single zip in the state of Knoxville, TN. Auction homes and other auction properties account for 0.06% of all properties in Knoxville, TN. There are 20 zips within Knoxville, TN; of those zips, the median estimated home value for homes going to auction ranges from $609,779 in 37922 to the lowest value of $122,839 in 37922.
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Guide for Knoxville, TN
The Knoxville real estate market is seeing fluctuations in property prices, with the average value at $399,900 as of March 2024.
The Memphis real estate market has shown significant growth from March 2023 to February 2024, with property values increasing by about 10% and sale prices also rising. Despite minor fluctuations in property sales and square foot values, the market displays considerable resilience, making Memphis an attractive option for real estate investment.
Nashville’s real estate market grew significantly during 2023 with consistent rising property values and sold prices
Tennessee Foreclosure Laws
