37618
Kingsport, Tennessee

The 37618 ZIP code in Kingsport reports a median sale price of $320,000 as of February 2026, marking a -3.8% year-over-year decline in valuations. Homes are spending an average of 81.5 days on market, substantially above the rapid-turnover threshold of 30-45 days that characterizes seller-driven conditions. Only 7% of transactions close above list price, confirming weak bidding competition and signaling that sellers hold limited pricing power in current negotiations.

This environment favors patient buyers with financing already secured, as the 81.5-day average market time provides leverage for price negotiations below ask. The -3.8% annual depreciation and minimal above-list closings create conditions for investors seeking cash-flowing rental properties rather than appreciation plays. Sellers face headwinds and should avoid listing unless necessary, as the 7% above-list figure suggests most properties require pricing discipline or concessions to close.

The PropIQ score of 55 registers in cautionary territory, indicating near-term stability risks and limited upside momentum through mid-2026. Buyers should monitor whether days-on-market extends beyond 90, which would signal further price softening ahead. The negative price trajectory combined with elevated inventory absorption times suggests this market requires another two quarters to establish a clear directional trend worth acting on aggressively.