37727
Newport, Tennessee

Newport's 37727 ZIP code shows significant market stress with a median sale price of $325,000, down 39.3% year-over-year as of February 2026. Homes are averaging 168 days on market, more than five months, indicating weak buyer demand. Zero properties sold above list price, confirming a buyer-controlled environment where sellers hold no pricing leverage. This dramatic price correction and extended marketing time signal fundamental shifts in local demand dynamics.

Patient buyers with flexible timelines benefit most from current conditions, as the 168-day average DOM provides substantial negotiating windows and eliminates bidding competition. Cash investors seeking discounted entry points can exploit the 39.3% price decline, though rental yield assumptions require careful vetting given the sharp depreciation. Sellers face unfavorable conditions and should delay listings unless financially compelled, as the data shows no premium capture potential.

The PropIQ score of 41 signals caution, suggesting further downside risk or prolonged stagnation ahead. The combination of extreme price decline and extended DOM typically precedes either market stabilization at lower price levels or additional corrections if inventory continues accumulating. Monitoring month-over-month DOM trends and new listing volumes will indicate whether the market is finding a floor or remains in active decline through 2026.