37664
Kingsport, Tennessee

The 37664 ZIP code in Kingsport reports a median sale price of $275,000 as of February 2026, representing a 1.9% year-over-year decline in values. Homes are averaging 88 days on market, indicating a measured transaction pace that reflects neither extreme seller nor buyer urgency. Only 14% of properties are closing above list price, a figure well below the threshold typically associated with competitive bidding environments. This pricing pressure suggests buyers have regained negotiating leverage after previous market tightness.

These conditions favor price-sensitive buyers who can afford extended due diligence periods and systematic property evaluation. The 88-day marketing window provides ample time for inspection contingencies and financing arrangements without competitive pressure. Investors seeking cash-flowing rental properties may find entry points at the $275,000 median that pencil better than in recent years, given the downward pricing adjustment. Sellers face a different reality: those without equity cushions or flexible timelines may struggle to achieve 2024-era valuations.

The PropIQ score of 55 signals caution rather than crisis, suggesting market stabilization rather than freefall. Key monitoring priorities include whether days-on-market extends beyond 90 days and if the percentage of above-list sales drops below 10%, both indicators of further softening. The modest 1.9% decline could represent a pricing correction finding equilibrium, but sustained downward pressure would push the intelligence score lower and potentially accelerate inventory accumulation through 2026.