37934
Knoxville, Tennessee
Knoxville 37934 needs watching.
The 37934 ZIP code in Knoxville, Tennessee has a median sale price of $634K, down -9.3% year-over-year. Homes spend an average of 78 days on market, with 15% 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 37934.
The 37934 ZIP code recorded a median sale price of $634,490 as of February 2026, marking a significant 9.3% year-over-year decline in a market that has clearly shifted from previous momentum. Homes are averaging 78 days on market, indicating extended inventory exposure compared to tighter market periods. With only 15% of properties selling above list price, buyer leverage has notably increased, creating negotiation opportunities that were scarce during the previous seller-driven cycle.
This environment strongly favors patient buyers with financing secured and flexible timelines who can capitalize on the 9.3% price correction while negotiating on properties sitting beyond the 78-day average. Sellers face headwinds and should price competitively from listing day, as the 15% above-ask figure suggests premium pricing strategies fail in 85% of transactions. Investors seeking cash-flowing properties may find entry points, though the PropIQ score of 60 signals caution on appreciation assumptions for near-term exits.
The PropIQ intelligence score of 60 indicates neutral-to-negative momentum, suggesting the market has not established a clear bottom from the current correction phase. Monitoring whether days-on-market extends beyond 78 or contracts will signal if downward pressure continues or stabilizes through spring selling season. The sub-20% above-list metric warrants tracking monthly, as any sustained move below 10% would confirm deeper buyer dominance and potential for further price concessions.
What is the median home price in 37934 Knoxville?
The median sale price in 37934 is $634K, down -9.3% year-over-year as of 2026-02-28.
How long do homes stay on the market in Knoxville 37934?
Homes in 37934 Knoxville spend an average of 78 days on market before going under contract.
Is Knoxville 37934 a good place to invest in real estate?
Folio's PropIQ™ score for 37934 is 60/100 — a Caution signal. 15% of homes sold above asking.
What does a PropIQ™ score of 60 mean for 37934?
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 37934 Knoxville, Tennessee.