🏡 Knox County Home Sales Report – October 2025
The Knoxville housing market showed steady gains across multiple key metrics, signaling a market that’s slowly balancing after several years of rapid shifts.
📈 Sales and Prices Have Leveled Off
The median sale price in Knox County was $383,000, down slightly from this same period last year.
That said, the average sales price of homes in Knox County was almost 10% higher than in October of 2024.
🏠 Inventory Expands, Creating More Opportunities
Buyers had more choices in September, as total housing inventory grew 26% year over year. While increased inventory can sometimes cool prices, East Tennessee’s steady demand continues to support healthy sales levels across the region.
⏱️ Market Pace: Slowing Slightly, But Still Active
The average number of days it took homes to go under contract was about 30% higher (47 days vs. 33 days) than last year. This modest increase in days on market suggests that buyers are taking a bit more time to make decisions — a sign that the market is shifting toward balance.
💸 Offers and Sale Prices
Competition remains strong, though slightly less intense than in previous years:
37.7% of homes sold at or above asking price
16.9% sold for more than asking
6.7% sold for $10,000+ over asking
2.3% sold for $25,000+ over asking
The sale-to-list price ratio held steady at 98%, up slightly from 97.5% last year — showing that sellers are still achieving near-full asking prices even with more listings on the market.
💰 High-End Market and New Construction
Luxury and new construction homes continued to make a strong showing:
5.5% of homes sold for more than $1 million
New construction accounted for 13.8% of total home sales
These numbers highlight the growing diversity in East Tennessee’s housing market, appealing to a broad range of buyers.
🔍 What This Means for Buyers and Sellers
For buyers, increased inventory means more selection and slightly more negotiating power than last year.
For sellers, homes are still commanding strong prices — but realistic pricing and patience are key as the market continues to normalize.
East Tennessee remains one of the region’s most dynamic housing markets, balancing affordability, demand, and growth. As we move deeper into fall, the trends suggest continued stability with opportunities on both sides of the market.
