37779
Knoxville, Tennessee
Knoxville 37779 needs watching.
The 37779 ZIP code in Knoxville, Tennessee has a median sale price of $213K, down -32.3% year-over-year. Homes spend an average of 69 days on market, with 50% of homes selling above list price.
Folio's PropIQ™ score of 62 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37779.
ZIP code 37779 presents a contracting market with a median sale price of $212,500, down 32.3% year-over-year as of February 2026. Homes are averaging 68.5 days on market, indicating slower absorption than peak periods. The market shows bifurcation: exactly 50% of sales close above list price while the other half trades at or below ask, suggesting selective buyer demand rather than broad-based strength. This price compression represents one of the steeper declines in the Knoxville metro area.
Buyers gain leverage in this environment, particularly those with financing certainty who can move within the 68-day average marketing window. The 50% above-ask ratio means well-priced properties still attract competition, rewarding purchasers who can identify premium assets while benefiting from the 32.3% price reduction on median values. Sellers face timing challenges unless their property falls into the upper quality tier that commands list-price premiums. Investors seeking cash-flow plays now have entry points significantly below 2025 levels.
The PropIQ score of 62 signals caution, suggesting price discovery remains incomplete and further downside risk exists before stabilization. The 50% above-ask metric bears monitoring—if this percentage drops below 40% in coming months, it would confirm continued buyer hesitation and potentially steeper declines. Markets rarely bottom with scores in the low-60s range; stabilization typically requires PropIQ readings above 70, indicating several quarters of adjustment may remain ahead for 37779.
What is the median home price in 37779 Knoxville?
The median sale price in 37779 is $213K, down -32.3% year-over-year as of 2026-02-28.
How long do homes stay on the market in Knoxville 37779?
Homes in 37779 Knoxville spend an average of 69 days on market before going under contract.
Is Knoxville 37779 a good place to invest in real estate?
Folio's PropIQ™ score for 37779 is 62/100 — a Caution signal. 50% of homes sold above asking.
What does a PropIQ™ score of 62 mean for 37779?
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 62 = Caution in 37779 Knoxville, Tennessee.