37914
Knoxville, Tennessee

The 37914 ZIP code shows modest momentum with a median sale price of $254,000, up 2.8% year-over-year as of February 2026. Homes are moving at a measured pace, averaging 73.5 days on market, while only 14% of properties sell above asking price. This pricing environment indicates a balanced market where sellers maintain slight leverage but face limited bidding competition. The single-digit percentage of above-list transactions suggests buyers have negotiating room that didn't exist in tighter market cycles.

This market configuration favors patient buyers with financing secured who can conduct thorough due diligence during the 73-day average absorption period. The 14% above-list rate means most sellers accept at or below asking, creating conditions for reasonable offer strategies rather than escalation clauses. Income-focused investors may find value here given the $254,000 entry point, though the 2.8% appreciation rate signals this is a cash flow play rather than a short-term appreciation bet.

The PropIQ score of 65 warrants caution and suggests vulnerability in upcoming quarters. With price growth at 2.8% and extended days-on-market, any increase in inventory or mortgage rate pressure could tip this market toward buyers more decisively. Monitor absorption rates and the spread between list and sale prices; deterioration in either metric would confirm the PropIQ warning signal and indicate further deceleration ahead.