37757
Knoxville, Tennessee
Knoxville 37757 needs watching.
The 37757 ZIP code in Knoxville, Tennessee has a median sale price of $364K, up +12.6% year-over-year. Homes spend an average of 80 days on market, with 6% of homes selling above list price.
Folio's PropIQ™ score of 61 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37757.
The 37757 market currently trades at a $364,000 median, reflecting 12.6% annual appreciation that outpaces both state and national benchmarks. Properties average 80 days on market, indicating moderate demand friction compared to peak-velocity markets that clear inventory in under 30 days. Only 6% of transactions close above list price, signaling that bidding war dynamics have largely evaporated and buyer negotiating leverage has returned to pre-2021 levels.
These conditions favor price-sensitive primary residence buyers who can absorb the 80-day marketing window and negotiate at or below ask. The 6% above-list metric creates space for inspection-contingent offers and closing cost concessions that weren't viable during tighter inventory cycles. Sellers with equity captured from the 12.6% annual gain can exit profitably, though the extended DOM requires realistic pricing strategies rather than aspirational list prices that necessitate later reductions.
The PropIQ score of 61 registers caution rather than distress, suggesting price appreciation may decelerate but not reverse in the near term. The combination of 80-day absorption and minimal above-list activity indicates inventory is reaching equilibrium rather than oversupply. Buyers should monitor whether the 12.6% appreciation rate compresses toward single digits in subsequent quarters, which would confirm the transition from seller-favored to balanced market fundamentals.
What is the median home price in 37757 Knoxville?
The median sale price in 37757 is $364K, up +12.6% year-over-year as of 2026-02-28.
How long do homes stay on the market in Knoxville 37757?
Homes in 37757 Knoxville spend an average of 80 days on market before going under contract.
Is Knoxville 37757 a good place to invest in real estate?
Folio's PropIQ™ score for 37757 is 61/100 — a Caution signal. 6% of homes sold above asking.
What does a PropIQ™ score of 61 mean for 37757?
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 61 = Caution in 37757 Knoxville, Tennessee.