Housing Market in Knoxville
Knoxville's housing market ran genuinely affordable and only modestly competitive as of mid-2026: Redfin cited a $325,000 median sale price over the three months ending roughly June 2026 (up 1.7% year-over-year) at $243/sqft (up 8.0% year-over-year), describing the market as 'somewhat competitive' with homes receiving 2 offers on average and selling in around 52 days.
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Learn moreThe Headline Numbers, Per Redfin
Redfin's Knoxville housing-market page cited a $325,000 median sale price for the trailing three months through roughly June 2026, up 1.7% year-over-year, with a median price per square foot of $243, up 8.0% year-over-year -- a faster per-square-foot increase than the overall median, suggesting smaller or more efficiently-priced homes are seeing more of the appreciation. 782 homes sold in June 2026, up from 713 a year prior, and Redfin cited the median as running 19% below the national average.
A 'Somewhat Competitive,' Not Frenzied, Market
Redfin characterized Knoxville as a 'somewhat competitive' market: homes received 2 offers on average and sold in around 52 days as of the mid-2026 data reviewed. This is a genuinely more moderate pace than a hot seller's market, though this pass did not find an independent second source to cross-check Redfin's specific days-on-market figure -- that single-source status is disclosed rather than treated as fully corroborated.
Knoxville vs. Nashville: A Real, Sourced Affordability Gap
As detailed in the base Knoxville record, a typical Knoxville home was cited around $415,940 versus $534,248 in Nashville -- housing costs roughly 33% more in Nashville -- per aggregated cost-of-living comparison coverage (RentCafe, Salary.com, and Redfin's own cost-of-living calculator). This is a genuine, multi-source-consistent affordability advantage for Knoxville within Tennessee's own borders, not just against the national average.
Sequoyah Hills as a Real, Sourced High End
At the top end of the market, Sequoyah Hills -- one of Knoxville's oldest and most affluent neighborhoods, on a bend of the Tennessee River -- was cited with home prices starting around $675,000 and climbing into the multi-million-dollar range for riverfront estates, per 2026 local real-estate coverage. This illustrates real neighborhood-level spread above the citywide median; see the best-areas topic page in the companion file for more on specific neighborhoods.
What Wasn't Independently Confirmed This Pass
This pass did not independently source current active-listing inventory counts or months-of-supply figures for Knoxville specifically (the kind of data the Atlanta stack in this project sourced for its own metro) -- that gap is disclosed rather than estimated. Readers wanting current inventory data should pull it directly from Redfin, Zillow, or the Knoxville Area Association of Realtors.
Key takeaways
- Knoxville's median sale price ran $325,000 for the trailing three months through roughly June 2026 (up 1.7% YoY) at $243/sqft (up 8.0% YoY), per Redfin -- 19% below the national average.
- Redfin characterized the market as 'somewhat competitive': 2 offers on average, about 52 days on market -- a moderate pace, not a frenzied seller's market, though this specific days-on-market figure wasn't independently cross-checked against a second source this pass.
- A typical Knoxville home (~$415,940) runs about a third cheaper than a typical Nashville home (~$534,248), a real, multi-source-consistent in-state affordability gap.
- Sequoyah Hills, one of Knoxville's most affluent neighborhoods, was cited with home prices starting around $675,000 and reaching into the multi-million-dollar range for riverfront estates -- real, sourced evidence of neighborhood-level spread above the citywide median.
- Current active-listing inventory and months-of-supply figures were not independently sourced for Knoxville this pass -- that gap is disclosed rather than estimated.
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