37916
Knoxville, Tennessee

The 37916 ZIP code has recorded a median sale price of $630,000 as of February 2026, representing a dramatic 46.5% year-over-year increase that outpaces typical market appreciation. However, this price surge appears disconnected from buyer urgency, with properties averaging 73 days on market and zero homes selling above list price. This divergence between rising prices and measured buying activity suggests sellers maintain pricing power despite tepid competitive pressure at the offer stage.

This market configuration favors patient buyers with substantial capital who can absorb the $630,000 median entry point while benefiting from negotiating leverage. The 73-day marketing period and absence of bidding wars create conditions for due diligence and inspection contingencies that were unavailable in tighter markets. Sellers who purchased before the 46.5% appreciation cycle can exit profitably, though current pricing may reflect a ceiling given the lack of above-ask transactions.

The PropIQ score of 55 signals caution, indicating the 46.5% price acceleration may not be sustainable given current transaction velocity metrics. Critical indicators to monitor include whether days on market extends beyond 73 and if the zero-percent above-ask rate persists, either of which would confirm price resistance at current levels. The divergence between appreciation rate and buyer behavior warrants scrutiny for potential price corrections in subsequent quarters.