37737
Knoxville, Tennessee
Knoxville 37737 needs watching.
The 37737 ZIP code in Knoxville, Tennessee has a median sale price of $547K, down -12.5% year-over-year. Homes spend an average of 103 days on market, with 7% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37737.
The 37737 ZIP code posted a median sale price of $547,000 as of February 2026, representing a significant 12.5% year-over-year decline. Homes are averaging 102.5 days on market, well above the rapid turnover rates seen in previous years. Only 7% of properties sold above list price, indicating minimal competitive bidding and a clear shift from the seller-dominated conditions that characterized this market previously. This data pattern reflects substantial cooling in buyer urgency.
These conditions favor patient buyers with financing secured and flexible timelines to negotiate. The three-month inventory absorption rate and single-digit above-list sales create leverage for purchase price negotiations and inspection contingencies. Cash investors seeking rental properties can exploit the 12.5% price correction while days-on-market extended beyond 100 days, though the $547,000 entry point limits single-family rental yield potential. Sellers face the weakest positioning in years and should price conservatively given current absorption rates.
The PropIQ score of 55 signals continued caution, suggesting stabilization has not yet occurred in this price corridor. The year-over-year decline of 12.5% combined with elevated days-on-market indicates further price discovery ahead, particularly if DOM extends beyond 120 days in coming months. Buyers should monitor whether the 7% above-list metric declines further toward zero, which would confirm a definitive shift to buyer market dynamics and potential for additional price compression through mid-2026.
What is the median home price in 37737 Knoxville?
The median sale price in 37737 is $547K, down -12.5% year-over-year as of 2026-02-28.
How long do homes stay on the market in Knoxville 37737?
Homes in 37737 Knoxville spend an average of 103 days on market before going under contract.
Is Knoxville 37737 a good place to invest in real estate?
Folio's PropIQ™ score for 37737 is 55/100 — a Caution signal. 7% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 37737?
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 55 = Caution in 37737 Knoxville, Tennessee.