37665
Kingsport, Tennessee
Kingsport 37665 is stable.
The 37665 ZIP code in Kingsport, Tennessee has a median sale price of $160K, down -13.6% year-over-year. Homes spend an average of 64 days on market, with 41% of homes selling above list price.
Folio's PropIQ™ score of 70 signals Neutral Watch conditions. This market is holding steady. Monitor inventory shifts before committing.
The 37665 ZIP code is experiencing a price correction, with the median sale price settling at $160,000 after a 13.6% year-over-year decline. This downward pressure hasn't significantly stalled transaction velocity, as homes are moving in 63.5 days—a reasonable absorption rate for the Kingsport market. Notably, 41% of properties still close above asking price, indicating selective strength among well-positioned listings despite the broader pricing retreat.
This environment favors cash buyers and investors with adequate liquidity to capitalize on the pricing decline without competing against the frenzied bidding that characterized previous periods. Sellers with equity cushions from pre-2024 purchases can still exit profitably, though they're conceding gains compared to last year's peak. The 41% above-ask figure suggests move-in-ready properties in desirable micro-locations within 37665 retain pricing power, while dated inventory likely absorbs most of the 13.6% decline.
The PropIQ score of 70 signals stabilization potential rather than continued deterioration or immediate recovery. This neutral positioning suggests the market is searching for a price floor, with the next quarter critical for determining whether the 13.6% decline represents a reset or the beginning of prolonged softness. Monitor the above-ask percentage closely; a drop below 35% would confirm further buyer leverage, while sustained performance above 40% indicates the correction may be exhausting itself at current pricing levels.
What is the median home price in 37665 Kingsport?
The median sale price in 37665 is $160K, down -13.6% year-over-year as of 2026-02-28.
How long do homes stay on the market in Kingsport 37665?
Homes in 37665 Kingsport spend an average of 64 days on market before going under contract.
Is Kingsport 37665 a good place to invest in real estate?
Folio's PropIQ™ score for 37665 is 70/100 — a Neutral Watch signal. 41% of homes sold above asking.
What does a PropIQ™ score of 70 mean for 37665?
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 70 = Neutral Watch in 37665 Kingsport, Tennessee.