37921
Knoxville, Tennessee
Knoxville 37921 needs watching.
The 37921 ZIP code in Knoxville, Tennessee has a median sale price of $295K, down -1.3% year-over-year. Homes spend an average of 71 days on market, with 17% 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 37921.
ZIP code 37921 shows a cooling trajectory with median sale prices at $295,000, down 1.3% year-over-year, marking a shift from the area's previous appreciation pattern. Homes are averaging 71 days on market, indicating extended inventory absorption compared to tighter market periods. Only 17% of properties are closing above list price, suggesting seller pricing power has diminished significantly and buyers now hold stronger negotiating positions in most transactions.
This environment favors strategic buyers with flexibility on closing timelines rather than those requiring immediate occupancy or facing competitive urgency. The 71-day marketing period creates opportunity for due diligence and inspection negotiations that weren't possible in faster-moving conditions. Sellers with equity cushions can still transact successfully, but recent purchasers from 2023-2024 may face challenges given the negative price movement, while investors seeking cash flow over appreciation should find receptive sellers.
The PropIQ score of 60 signals caution rather than crisis, indicating fundamentals remain intact but momentum has stalled. The negative price change combined with modest days-on-market suggests continued softness through the next quarter unless inventory contracts or financing conditions improve materially. Buyers should monitor whether the 17% above-list metric declines further, which would confirm additional pricing pressure, while sellers must watch if days-on-market extends beyond 80, signaling deeper demand erosion.
What is the median home price in 37921 Knoxville?
The median sale price in 37921 is $295K, down -1.3% year-over-year as of 2026-02-28.
How long do homes stay on the market in Knoxville 37921?
Homes in 37921 Knoxville spend an average of 71 days on market before going under contract.
Is Knoxville 37921 a good place to invest in real estate?
Folio's PropIQ™ score for 37921 is 60/100 — a Caution signal. 17% of homes sold above asking.
What does a PropIQ™ score of 60 mean for 37921?
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 37921 Knoxville, Tennessee.