37917
Knoxville, Tennessee
Knoxville 37917 needs watching.
The 37917 ZIP code in Knoxville, Tennessee has a median sale price of $269K, down -6.6% year-over-year. Homes spend an average of 83 days on market, with 16% of homes selling above list price.
Folio's PropIQ™ score of 60 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37917.
The 37917 market has shifted decisively toward buyers, with the median sale price settling at $269,000 after a 6.6% year-over-year decline. Homes are averaging 83 days on market, well above the pre-2022 velocity benchmarks that typically ranged between 30-45 days in this ZIP. Only 16% of transactions close above list price, signaling weakened competition and diminished urgency among the buyer pool. This deceleration marks a clear departure from the appreciation trajectory that characterized Knoxville submarkets through 2024.
Price-sensitive first-time buyers gain leverage in this environment, with 83 days on market providing extended negotiation windows and the 6.6% price correction improving affordability relative to 2025 entry points. Investors focused on value-add opportunities can capitalize on longer marketing periods to conduct thorough due diligence and submit below-ask offers with reasonable acceptance probability. Sellers facing timeline pressure should recognize that only one in six properties commands premium pricing, requiring strategic positioning or realistic price expectations from listing day one.
The PropIQ score of 60 indicates elevated transaction risk and suggests further price discovery ahead before stabilization occurs. With 84% of sales closing at or below list price and inventory absorption remaining sluggish, downward pricing pressure likely persists through Q2 2026. Monitor monthly absorption rates and any contraction in days-on-market below 70 as early signals that the correction phase is nearing completion and buyer demand is reconstituting at these lower price levels.
What is the median home price in 37917 Knoxville?
The median sale price in 37917 is $269K, down -6.6% year-over-year as of 2026-02-28.
How long do homes stay on the market in Knoxville 37917?
Homes in 37917 Knoxville spend an average of 83 days on market before going under contract.
Is Knoxville 37917 a good place to invest in real estate?
Folio's PropIQ™ score for 37917 is 60/100 — a Caution signal. 16% of homes sold above asking.
What does a PropIQ™ score of 60 mean for 37917?
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 60 = Caution in 37917 Knoxville, Tennessee.