37714
Knoxville, Tennessee

The 37714 ZIP code recorded a median sale price of $280,000 as of February 2026, representing a substantial 17.6% year-over-year increase despite cooling demand signals. Homes are averaging 143 days on market, indicating extended listing periods well beyond the sub-30-day benchmarks seen in competitive markets. The 0% figure for homes selling above list price confirms buyer leverage has returned, with properties transacting at or below asking prices across the board.

This environment favors patient buyers with financing secured who can negotiate during the extended 143-day marketing window. The absence of bidding wars—evidenced by zero above-list sales—creates conditions for inspection contingencies and repair negotiations that were unavailable during tighter inventory periods. Sellers face headwinds and should expect longer holding costs, though the 17.6% annual appreciation provides equity cushion for those who purchased before last year's run-up.

The PropIQ score of 47 signals caution, suggesting the 17.6% price growth may be decelerating as the 143-day absorption rate indicates supply-demand rebalancing. This divergence between rising prices and weakening velocity metrics typically precedes price stabilization or correction. Monitor month-over-month price trends and inventory additions through Q2 2026, as the current annual growth rate appears unsustainable given transaction friction evident in the days-on-market data.