37920
Knoxville, Tennessee
Knoxville 37920 needs watching.
The 37920 ZIP code in Knoxville, Tennessee has a median sale price of $347K, down -3.1% year-over-year. Homes spend an average of 77 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 37920.
The 37920 market shows cooling momentum with a median sale price of $346,500, down 3.1% year-over-year, marking a clear shift from previous appreciation trends. Homes are averaging 77 days on market, indicating slower absorption than peak periods. Only 16% of properties are selling above list price, suggesting reduced competition and diminished seller pricing power. This compression in both price and demand velocity reflects a normalizing market after previous overheated conditions.
Buyers gain significant leverage in this environment, particularly those willing to negotiate given the 77-day marketing period and limited above-list activity. The 3.1% price decline creates entry points for primary residence purchasers who were previously priced out during appreciation cycles. Sellers facing timing constraints encounter headwinds, while patient sellers can still achieve transactions near ask with realistic pricing. Investors pursuing cash-flow strategies may find improved purchase economics compared to 2025 pricing levels.
The PropIQ score of 60 signals caution, indicating potential for further price softening or extended marketing times ahead. With 84% of homes selling at or below list price, buyers should monitor inventory accumulation as a leading indicator of additional price pressure. The current trajectory suggests continued normalization rather than sharp correction, but market participants should prepare for DOM potentially extending beyond 77 days if selling velocity continues declining through spring months.
What is the median home price in 37920 Knoxville?
The median sale price in 37920 is $347K, down -3.1% year-over-year as of 2026-02-28.
How long do homes stay on the market in Knoxville 37920?
Homes in 37920 Knoxville spend an average of 77 days on market before going under contract.
Is Knoxville 37920 a good place to invest in real estate?
Folio's PropIQ™ score for 37920 is 60/100 — a Caution signal. 16% of homes sold above asking.
What does a PropIQ™ score of 60 mean for 37920?
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 37920 Knoxville, Tennessee.