37912
Knoxville, Tennessee
Knoxville 37912 is stable.
The 37912 ZIP code in Knoxville, Tennessee has a median sale price of $305K, up +0.7% year-over-year. Homes spend an average of 61 days on market, with 18% of homes selling above list price.
Folio's PropIQ™ score of 70 signals Neutral Watch conditions. This market is holding steady. Monitor inventory shifts before committing.
The 37912 market is operating in near-stasis, with the median sale price reaching $305,000 while posting a nominal year-over-year gain of just 0.7%. Homes are clearing in 60.5 days on average, suggesting neither urgency nor stagnation in buyer activity. Only 18% of transactions close above asking price, indicating sellers hold limited pricing power. This data pattern reflects a market that has shifted decisively away from the bidding-war dynamics of recent years, with price discovery now driven by appraisal comps rather than competitive pressure.
This environment favors buyers with financing contingencies and negotiation leverage, particularly those who can wait through the two-month sales cycle without competition from multiple offers. The 82% of homes selling at or below list price creates room for strategic offer positioning. Sellers face a different calculation: those with equity built before 2024 can still exit profitably, but anyone expecting appreciation-driven returns within a 12-month hold period will find the 0.7% growth rate insufficient to cover transaction costs and carrying expenses.
The PropIQ score of 70 signals a market treading water without clear directional momentum in either price or velocity metrics. Watch for changes in the days-on-market figure, as any compression below 55 days would suggest demand strengthening ahead of price movement, while extension past 70 days would confirm further softening. The current data set points toward continued horizontal price action through the next quarter unless employment or mortgage rate shifts alter buyer capacity.
What is the median home price in 37912 Knoxville?
The median sale price in 37912 is $305K, up +0.7% year-over-year as of 2026-02-28.
How long do homes stay on the market in Knoxville 37912?
Homes in 37912 Knoxville spend an average of 61 days on market before going under contract.
Is Knoxville 37912 a good place to invest in real estate?
Folio's PropIQ™ score for 37912 is 70/100 — a Neutral Watch signal. 18% of homes sold above asking.
What does a PropIQ™ score of 70 mean for 37912?
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 70 = Neutral Watch in 37912 Knoxville, Tennessee.