Knoxville Real Estate Dashboard
Your local market expert • Updated June 2025
Market Activity Summary
📈 What’s Increasing
- • Home prices (+4.94% year-over-year)
- • Available inventory (+55% more homes)
- • Time to sell (+44% longer on market)
- • Buyer options (2.38 months inventory)
📉 What’s Decreasing
- • Closed sales (-15.4% fewer closings)
- • Bidding wars (buyers less desperate)
- • Market urgency (more time to decide)
- • Price appreciation (slower growth)
Historical Price Trend
Key Trend Insights
Steady Growth: Prices have increased consistently but at a slower pace
The market shows healthy, sustainable growth rather than the explosive increases we saw in previous years. This indicates a maturing market that’s better for both buyers and sellers.
Market Insights & Expert Analysis
What the data means for buyers and sellers in Knoxville
👥 For Buyers
More Choices Available
With inventory up 55%, you finally have options! Take time to find the right home instead of settling for the first one you see.
Less Competition
Bidding wars are becoming rare. You can negotiate and even get home inspections again!
But Don’t Wait Too Long
Well-priced homes in great locations still sell quickly. When you find ‘the one,’ don’t hesitate too long.
🏠 For Sellers
Price It Right
Overpriced homes are sitting longer. Get a realistic market analysis and price competitively from day one.
Make It Shine
With more competition, your home needs to stand out. Invest in staging, photos, and curb appeal.
Be Patient
Expect 49 days on market instead of 2 weeks. Good homes still sell, but it takes a bit longer.
“We are seeing buyers sit a little more on the sideline or be more picky. We still have a lot of sellers who are unrealistic about what they’re asking for their home in its current condition and location.”— Knoxville Market Expert, May 2025
The Bottom Line
Knoxville’s housing market is healthier than it’s been in years. We’ve moved from a frenzied seller’s market to a more balanced environment where both buyers and sellers can make smart decisions.
This isn’t a crash—it’s a correction. Prices are still rising, homes are still selling, and demand remains strong. The difference is that everyone has more time to make thoughtful decisions.
Ready to make your move?
Whether buying or selling, having a local expert who understands these market shifts is crucial. Let’s chat about your goals and create a winning strategy.