As we start to feel hints of spring in East Tennessee, the Knoxville real estate market is beginning to pick up right along with the warmer weather 🌸🏡
February brought a noticeable shift in activity. While homes are taking a bit longer to sell compared to last year, buyer demand remains strong—and in some cases, competition is still very real for well-priced homes.
If you’re thinking about buying or selling in 2026, here’s what you need to know.
📊 Knoxville Housing Market Snapshot – February 2026
Here’s a quick look at the latest numbers for single-family homes:
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Median Sales Price: $370,000 (⬆️ 2.7% year-over-year)
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Homes Sold: 1,305 (⬆️ 16.3%)
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New Listings: 2,012 (⬇️ 5.6%)
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Pending Sales: 1,613 (⬆️ 4.4%)
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Median Days on Market: 51 days (up from 42 days last year)
🔍 What These Numbers Mean
🏡 For Sellers
The market is still very much in your favor—but it’s no longer “list it and forget it.”
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Homes are taking longer to sell, so pricing correctly from day one is key
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With fewer new listings, well-presented homes still stand out and sell
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Marketing matters more than ever—professional photos, exposure, and strategy make a difference
The sellers seeing the best results right now are the ones who are realistic on price and proactive with their marketing approach.
🔑 For Buyers
There’s good news here 👇
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Homes sitting a little longer = more negotiating power
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More time to make decisions compared to the fast-paced market of the past
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Opportunities on homes that may have been overlooked initially
While competition still exists, especially for move-in-ready homes, buyers are finally gaining a bit of breathing room.
🌎 Out-of-State Buyers Are Still Coming
One trend that continues to stand out—I’m seeing consistent out-of-state buyer activity, especially from colder markets.
East Tennessee continues to attract buyers looking for:
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Lower cost of living
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Mild seasons
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Lifestyle and quality of life
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Proximity to the Smoky Mountains
This ongoing demand helps support home values and keeps the market moving.
⚖️ A More Balanced Market in 2026
The Knoxville market is shifting into a more balanced pace.
This doesn’t mean the market is slowing down—it means:
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Buyers have more opportunity
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Sellers need stronger strategy
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Pricing and presentation matter more than ever
It’s a healthier, more sustainable market overall.
📲 Thinking About Making a Move This Spring?
Spring is traditionally one of the busiest times in real estate—and based on what we’re seeing now, 2026 is shaping up to be no different.
If you’re considering:
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Selling your home
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Buying your next home
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Investing in East Tennessee real estate
Now is the time to start planning.
👉 I’m happy to provide a personalized home value or walk you through what strategy would look like for your situation.
Angie Cody
Licensed REALTOR® since 2006
My Expertise, Your Profit
