37645
Kingsport, Tennessee
Kingsport 37645 is stable.
The 37645 ZIP code in Kingsport, Tennessee has a median sale price of $240K, down -14.6% year-over-year. Homes spend an average of 67 days on market, with 29% of homes selling above list price.
Folio's PropIQ™ score of 65 signals Caution conditions. This market is holding steady. Monitor inventory shifts before committing.
The 37645 ZIP code in Kingsport shows significant price softening, with the median sale price sitting at $239,900 following a 14.6% year-over-year decline. Homes are moving at a moderate pace with an average 67 days on market, while 29% of sales still close above asking price. This combination indicates a market in transition where motivated sellers are adjusting expectations while pockets of competitive activity persist for properly priced inventory.
Buyers gain negotiating leverage in this environment, particularly those with flexible timelines who can capitalize on the 14.6% price reduction to enter at lower basis points than last year. The 67-day absorption period provides adequate due diligence time without extreme urgency. Sellers face headwinds and must price aggressively given the year-over-year decline, though the 29% above-ask statistic suggests well-positioned properties under $240,000 can still generate competition among qualified purchasers.
The PropIQ score of 65 signals caution, suggesting further price discovery may be necessary before stabilization occurs. Buyers should monitor whether the percentage of above-list sales contracts from 29% in coming months, which would confirm weakening demand. The current 14.6% correction may not have fully reset valuations to sustainable levels, making spring 2026 absorption rates and list-to-sale price ratios critical indicators for determining if this market has found its floor or requires additional downward adjustment.
What is the median home price in 37645 Kingsport?
The median sale price in 37645 is $240K, down -14.6% year-over-year as of 2026-02-28.
How long do homes stay on the market in Kingsport 37645?
Homes in 37645 Kingsport spend an average of 67 days on market before going under contract.
Is Kingsport 37645 a good place to invest in real estate?
Folio's PropIQ™ score for 37645 is 65/100 — a Caution signal. 29% of homes sold above asking.
What does a PropIQ™ score of 65 mean for 37645?
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 65 = Caution in 37645 Kingsport, Tennessee.