Knoxville Market Trends October 2025!

Knoxville, Tennessee Market Trends, October 2025: Single Family + Condo/Townhouse/Apt.

What’s Happening

- Supply: Inventory in Knoxville stands at a 2.97 months supply, up 2% MoM, yet down 27% YoY.
- Price: Median sold price at $383,000, reflecting a 7% MoM decrease; active listings median price is $425,000.
- Days on Market: Median days in RPR for sold listings is 24, showing a 4% MoM reduction.

Why It Matters

- Affordability and Buying Power: The decrease in median sold prices enhances affordability, benefiting all homebuyers.
- Market Activity: With a decline in days on market, homes are selling quicker, indicating a competitive environment.

Now What

1. Evaluate Timing: Buyers should leverage the current price dip and act quickly due to reduced days on market.

2. Consider Inventory: With a 2.97 months supply, explore diverse options, but be prepared for limited long-term availability.

3. Stay Informed: Monitor market updates to adjust strategies with any emerging trends in the Knoxville housing landscape.

Knoxville offers various attractions such as the Great Smoky Mountains National Park, a vibrant downtown district, and the University of Tennessee, enriching its community life.

For personalized guidance on navigating Knoxville's real estate market, contact Jaime LeBlanc, EXIT Realty Pros TN, at leblancjamie@bellsouth.net.

Source: RPR Market Trends, September 2025”