37882
Knoxville, Tennessee
Knoxville 37882 needs watching.
The 37882 ZIP code in Knoxville, Tennessee has a median sale price of $498K, down -15.5% year-over-year. Homes spend an average of 158 days on market, with 17% of homes selling above list price.
Folio's PropIQ™ score of 56 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37882.
The 37882 ZIP code is experiencing a significant correction, with the median sale price at $497,500 reflecting a 15.5% year-over-year decline. Inventory is moving slowly at 158 days on market, nearly triple the typical pre-2022 pace for premium Knoxville submarkets. Only 17% of homes are commanding above-ask offers, signaling weak buyer urgency and substantial negotiating leverage shifting away from sellers in this half-million-dollar price segment.
Patient buyers with financing secured and flexible timelines are positioned to capitalize on these conditions, particularly those targeting the $450K-$550K range where seller motivation is increasing. The 158-day DOM provides ample time for due diligence and price negotiations, while the 15.5% annual decline suggests realistic sellers may entertain offers 10-20% below current list prices. Cash investors face less competition given the 17% above-list metric, though rental yield assumptions must account for premium-tier vacancy risk.
The PropIQ score of 56 indicates continued downward pressure through Q2 2026, with stabilization unlikely until days-on-market contracts below 90 and the above-list percentage recovers above 30%. The 15.5% decline may deepen if mortgage rates remain elevated or if distressed inventory enters this price tier. Buyers should monitor month-over-month sales volume and new listing velocity as leading indicators of whether this correction is approaching a floor or requires further capitulation.
What is the median home price in 37882 Knoxville?
The median sale price in 37882 is $498K, down -15.5% year-over-year as of 2026-02-28.
How long do homes stay on the market in Knoxville 37882?
Homes in 37882 Knoxville spend an average of 158 days on market before going under contract.
Is Knoxville 37882 a good place to invest in real estate?
Folio's PropIQ™ score for 37882 is 56/100 — a Caution signal. 17% of homes sold above asking.
What does a PropIQ™ score of 56 mean for 37882?
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 56 = Caution in 37882 Knoxville, Tennessee.