July 2025 Knoxville Real Estate Market Update

📊 July 2025 Knoxville Real Estate Market Update

Knoxville's housing market is moving toward balance—but it’s still playing to sellers' advantage. Here's the real scoop for July 2025:

As of May 2025, the median days on market hovered around 48 days—up from 45 in April and still significantly above seasonal lows .
Recent data from June shows the average listing age increased by 36% year-over-year, now around 34 days .

Takeaway: Homes are taking a bit longer to sell, signaling that buyers are no longer rushed into decisions.

June 2025 saw median sale prices at about $388,575, reflecting a 4.3% increase compared to June 2024 865realestate.com.
Another report shows median sold at $375K while list prices average around $430K, marking a 72% increase from 2020 .
Regional forecasts predict a modest 2.9% price growth in 2025 youtube.com+3youtube.com+3youtube.com+3.

Takeaway: Appreciation continues—but it’s no longer a sprint. We’re in a marathon of steadier growth now.

Knoxville inventory climbed to approximately 2,595 active listings in June, slightly down from 2,743 in May .
Across the metro, inventory hit pre-pandemic levels, a significant shift from crisis-era lows .

Takeaway: More choices for buyers, yes—but don’t mistake movement for market crash. Competition remains.

The shift observed in May shows both buyers and sellers settling in:
- Home sales down ~11% year-over-year
- Listings up double digits
- Pricing growth tempered 865realestate.com.
Knoxville’s absorption rate is slowing, but still within a mild seller’s market range.

Takeaway: Balance is coming—but it's gentle, not disruptive.

Role	Insight
Sellers	Price smart, stage smart. Homes priced right and in great shape are still selling well.
Buyers	You have leverage. More listings = better negotiating space.
Move-up/Relocators	Inventory diversity matters. It's a solid time to switch—but stay savvy.