37660
Kingsport, Tennessee

The 37660 ZIP code recorded a median sale price of $250,000 as of February 2026, reflecting a robust 13.9% year-over-year appreciation. Properties are moving at a measured pace, averaging 77 days on market, while only 14% of homes sold above asking price. This combination signals a market that has cooled from previous peak conditions, with price growth outpacing transaction urgency and buyers demonstrating increased selectivity in their purchasing decisions.

Patient buyers gain the advantage in this environment, as the 77-day marketing period and low above-list-price ratio of 14% create room for negotiation that was absent in tighter markets. Sellers who purchased before the 13.9% appreciation cycle can still extract meaningful equity, particularly if they price competitively from listing. Investors seeking cash flow should proceed cautiously, as the PropIQ score of 65 suggests underlying market tensions that could pressure rental yields or resale timelines.

The 65 PropIQ rating indicates structural concerns despite surface-level price gains, warranting scrutiny of inventory accumulation trends and local economic indicators. If days on market extend beyond 90 while year-over-year appreciation decelerates below 10%, expect downward pricing pressure in subsequent quarters. Monitor the percentage of homes selling above list price—a drop below 10% would confirm a decisive shift toward buyer leverage and potential price corrections.