37642
Kingsport, Tennessee
Kingsport 37642 needs watching.
The 37642 ZIP code in Kingsport, Tennessee has a median sale price of $249K, down -4.2% year-over-year. Homes spend an average of 94 days on market, with 16% of homes selling above list price.
Folio's PropIQ™ score of 56 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37642.
The 37642 ZIP code in Kingsport shows cooling momentum with a median sale price of $249,000, down 4.2% year-over-year as of February 2026. Homes are averaging 94 days on market, indicating softened demand compared to previous market cycles. Only 16% of properties are selling above list price, a stark contrast to competitive conditions seen in prior years. This combination of negative price movement and extended market time signals a transition from seller advantage to more balanced negotiations.
These conditions favor patient buyers with financing in place and sellers willing to price realistically from listing. The 94-day absorption period allows buyers adequate time for due diligence without competitive pressure, while the 16% above-ask rate means bidding wars are uncommon. Cash investors seeking rental yields may find entry points given the 4.2% price decline, though the PropIQ score of 56 suggests caution on appreciation potential. Sellers must acknowledge the year-over-year contraction and price accordingly to avoid extending beyond the 94-day average.
The PropIQ intelligence score of 56 sits in cautionary territory, indicating headwinds that warrant close monitoring of employment data and regional migration patterns. The negative price trajectory combined with tepid buyer urgency suggests further softening is possible if days on market continue climbing. Watch for whether the 16% above-ask percentage deteriorates further, which would confirm weakening demand fundamentals and potentially steeper price adjustments through 2026.
What is the median home price in 37642 Kingsport?
The median sale price in 37642 is $249K, down -4.2% year-over-year as of 2026-02-28.
How long do homes stay on the market in Kingsport 37642?
Homes in 37642 Kingsport spend an average of 94 days on market before going under contract.
Is Kingsport 37642 a good place to invest in real estate?
Folio's PropIQ™ score for 37642 is 56/100 — a Caution signal. 16% of homes sold above asking.
What does a PropIQ™ score of 56 mean for 37642?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 56 = Caution in 37642 Kingsport, Tennessee.