Secondary metropolitan market · Tennessee · June 2026 data

Knoxville Real Estate Market

As of June 2026, the median home listed in Knoxville, TN asks $462,450 — up 0.5% year over year. Homes sell in a median of 54 days, with 3,287 active listings and 23% carrying a price cut — a balanced market. Figures come from public records and industry data, updated monthly.

Median listing price
$462,450
▲ 0.5% YoY
Median $ / sq ft
$236
2,058 sq ft median
Median days on market
54
June 2026
Active listings
3,287
For sale now
New listings
1,490
June 2026
Listings with price cuts
23%
Share of active
Median sale price (closed)
$410,000
▲ 3.6% YoY · closed sales
Sale-to-list ratio
98.3%
Closed sales
Homes sold / month
1,253
Closed sales

Knoxville housing market statistics

The table summarizes Knoxville's key housing figures for June 2026 — median listing and closed-sale prices, market pace, inventory and rental yield — each computed from public records and industry data.

Knoxville, TN housing market at a glance — June 2026
MetricLatestDetail
Median listing price$462,450+0.5% YoY
Median price per sq ft$2362,058 sq ft median
Median days on market54-2% YoY
Active listings3,287+1% YoY
New listings this month1,490June 2026
Listings with a price cut23%Share of active
Median sale price (closed)$410,000+3.6% YoY
Sale-to-list ratio98.3%Closed sales
Gross rental yield3.6%2BR fair market rent

How have home prices changed in Knoxville?

Knoxville home prices are up 0.5% year over year and +0.5% month over month as of June 2026, at a $462,450 median listing price. The chart tracks the trailing eight-quarter trend in the metro's median asking price.

$462K$458K$453K$449K Q3'24Q4'24Q1'25Q2'25Q3'25Q4'25Q1'26Q2'26

Median listing price, Knoxville TN · trailing 8 quarters · source: public records and industry data.

The 10-year view
$475K$419K$362K$306K '17'18'19'20'21'22'23'24'25'26

10-year median listing price, Knoxville TN · June of each year, 2017–2026 · source: public records and industry data.

How much inventory is on the market in Knoxville?

Knoxville has 3,287 active listings, 1,490 new this month, 2,148 pending as of June 2026. About 23% of active listings have cut their price, and inventory sits at 108% of its 2019 level — a balanced market by pace.

Active listings
3,287
New this month
1,490
Pending
2,148
Price-reduced
770

Is Knoxville a good real estate investment?

Knoxville scores 41/100 on WealthyBud's composite Investor Score, ranking #644 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat into one percentile. It is a research opinion, not advice.

Investor Score
41/100
#644 of 932 covered metros
12-month outlook
-2.0%
▼ Flat · model output, not advice
Price volatility
High
σ 6.8% · 20-yr price-index swings
Momentum
54
Value
19
Rental yield
41
Supply risk
69
Market heat
62

Knoxville scores 41/100 on our composite Investor Score (#644 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 73% over five years and +139% over ten, leaving prices 76% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,401/mo for a two-bedroom, the gross rental yield on the median listing is about 3.6%; active inventory sits at 108% of its June 2019 level, so supply is fully rebuilt past pre-pandemic norms; listing prices are up 0.5% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Scores are percentile ranks (0–100) across all covered U.S. metros, computed from the public data cited on this page — formulas here. They are data-derived opinions, not investment advice. See how Knoxville ranks on the trending markets index.

How much is a monthly mortgage payment in Knoxville?

A home at Knoxville's $462,450 median listing runs about $2,321 a month in principal and interest — 20% down on a 30-year fixed loan at the current 6.43% national average rate. Taxes, insurance and HOA are extra.

If rates fall 1% · 5.43%
$2,084/mo
−$237/mo vs today
At today's rate · 6.43%
$2,321/mo
National weekly average
If rates rise 1% · 7.43%
$2,569/mo
+$248/mo vs today

Principal & interest on the $462,450 median listing with 20% down and a 30-year fixed loan — excludes taxes, insurance and HOA. Current rate: 6.43% (national weekly average, 2026-07-02). Model a full deal in the deal analyzer.

What is driving the Knoxville housing market?

Longer-run demand in Knoxville shows up in 7,830 homes permitted in 2025; net migration of +8,774 residents; +0.3% job growth. Natural-hazard risk rates Relatively Moderate. These federal supply-pipeline, migration and jobs signals shape where prices head next.

Building permits (2025)
7,830
▲ 11.8% vs 2024
8.5 per 1,000 residents
Net migration (2022–2023)
+8,774
▲ people, via tax-return records
net income flow +$543.2M/yr
Job growth (YoY)
+0.3%
▲ 458.2k nonfarm jobs · May 2026
Natural-hazard risk
Relatively Moderate
National hazard index · top hazard: Riverine flooding

Based on public government records — building-permit, tax-return migration, employment and natural-hazard statistics, aggregated to the metro. Details on /methodology.

What is the latest Knoxville real estate news?

Knoxville's housing market is experiencing growth in home prices and sales, alongside rising inventory. — AI-generated summary of the headlines above; read the linked coverage before relying on it.

Headlines collected 2026-07-05; each links to the original publisher.

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Knoxville housing market FAQ

What is the median home price in Knoxville?
As of June 2026, the median listing price in Knoxville, TN is $462,450, up 0.5% year over year (source: public records and industry data).
How much does it cost to buy a home in Knoxville?
The median home listed in Knoxville asks $462,450 as of June 2026. With 20% down on a 30-year fixed loan at the current 6.43% national average rate, that runs about $2,321 a month in principal and interest, before taxes, insurance and HOA.
How fast are homes selling in Knoxville?
The median property in Knoxville spends 54 days on the market, with 3,287 homes actively listed and 23% of them carrying a price cut — a balanced market by pace as of June 2026.
Is it a buyer's or seller's market in Knoxville?
With a median 54 days on market and 23% of active listings carrying a price cut, Knoxville reads as a balanced market as of June 2026. Faster sales and fewer price cuts favor sellers; slower sales and more cuts favor buyers. Conditions shift monthly.
Is Knoxville a good place to invest in real estate?
Knoxville scores 41/100 on WealthyBud's Investor Score, ranking #644 of 932 covered U.S. metros as of June 2026. The score blends price momentum, value, rental yield, supply and market heat. It is a data-derived research opinion, not investment advice.
Who are the top real estate agents in Knoxville?
See WealthyBud directories for the top-producing agents, teams and brokerages serving Knoxville and the wider Tennessee market, ranked by recent sales from public profile data.
Based on public records and industry data, June 2026 — see our methodology for how every figure is computed. Figures change monthly — verify current conditions with a local agent or MLS. Portions of market data courtesy of Realtor.com and Redfin; additional statistics from U.S. government sources.

More Tennessee housing markets

Diego Alvarez-Cruz Rental Market Analyst

Diego Alvarez-Cruz is a rental market analyst who covers rent growth, vacancy rates and landlord economics across major U.S. metros. He builds his analysis from public rental-listing indexes and Census housing surveys, focusing on year-over-year rent trends.