37770
Knoxville, Tennessee
Knoxville 37770 needs watching.
The 37770 ZIP code in Knoxville, Tennessee has a median sale price of $192K, down -30.2% year-over-year. Homes spend an average of 205 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 35 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37770.
The 37770 market has contracted sharply, with the median sale price falling to $192,000, down 30.2% year-over-year as of February 2026. Properties are averaging 205 days on market, triple the national velocity, and zero homes are closing above list price. This combination of steep depreciation and extended marketing periods indicates significant demand weakness, with sellers unable to command pricing power in what has become a distinctly buyer-favorable environment.
Price-sensitive first-time buyers gain maximum leverage in this configuration, as the $192,000 median combined with zero competitive bidding creates negotiation capacity absent in stronger markets. Investors seeking discounted entry points may find opportunity, though the 205-day absorption rate demands extended holding period models. Sellers face challenging conditions and should expect multiple months of market exposure with likely further concessions from initial pricing to secure transactions.
The PropIQ score of 35 signals elevated caution, suggesting underlying structural issues beyond typical cyclical softness. The 30% price decline without corresponding market stabilization—evidenced by the persistent 205-day DOM—indicates downward pressure may continue into subsequent quarters. Monitoring monthly sales velocity and any improvement toward 90-day DOM would provide the earliest signal of demand recovery and potential price floor formation.
What is the median home price in 37770 Knoxville?
The median sale price in 37770 is $192K, down -30.2% year-over-year as of 2026-02-28.
How long do homes stay on the market in Knoxville 37770?
Homes in 37770 Knoxville spend an average of 205 days on market before going under contract.
Is Knoxville 37770 a good place to invest in real estate?
Folio's PropIQ™ score for 37770 is 35/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 35 mean for 37770?
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 35 = Caution in 37770 Knoxville, Tennessee.