Published October 5, 2026 in Market Update

Price gains in Knoxville are not moving the same way everywhere

By Pamella Haynes

Real estate, Knoxville

The Federal Housing Finance Agency reported U.S. house prices rose 2.6% from July 2025 to July 2026. That national number sounds steady. But in Knoxville, the Real Estate Data Aggregator shows the story splits sharply by ZIP code. One area dropped 16.2% in median price. Another gained 12.8%. The national headline does not tell you which side your home sits on.

The split, by ZIP code

These numbers cover the three months ending July 31, 2026. All counts come from the Real Estate Data Aggregator.

ZIP 37919: more sales, lower prices

The Real Estate Data Aggregator counted 150 homes sold in ZIP 37919 in the three months ending July 31, 2026. That is up 7.9% from the same months a year before. Yet the median sale price fell 16.2%, to $536,500. More buyers showed up, but they paid less. Days on market stretched to 56, which is 12 days longer than a year ago. Only 12.7% of homes sold above list price, down 3.9 points. Sellers here need to lean on recent local comps, not the national number.

ZIP 37934: prices up, homes selling faster

ZIP 37934 tells a different story. The Real Estate Data Aggregator put the median sale price at $750,000, up 12.8%. Homes sold rose 19.6%, to 171. Days on market came in at 48, which is 12 days shorter than a year ago. Months of supply fell 0.8 months. Pending sales jumped 25.9%. That is a pocket where well-priced homes are moving.

ZIP 37923: the quickest to go under contract

The Real Estate Data Aggregator counted 121 homes sold in ZIP 37923, up 17.5%. The median price held nearly flat at $434,000, up just 0.9%. What stands out is speed. The Real Estate Data Aggregator found that 59.4% of homes went under contract within two weeks of listing, up 9.8 points from a year before. That is the highest share of the four ZIP codes. The sale-to-list ratio reached 99.7%, and 27.3% of homes sold above list price.

ZIP 37922: steady gains, more choice for buyers

The Real Estate Data Aggregator put the median sale price in ZIP 37922 at $715,000, up 7.1%. That is solid. Homes for sale rose 10.8%, giving buyers a little more room to look. Still, 48.2% of homes went under contract within two weeks, up 4 points. And 21.7% of homes sold above list price, also up. Prices are rising here, and well-priced homes are not sitting long.

The wider picture

Across all four ZIP codes together, the Real Estate Data Aggregator counted 631 homes sold in the three months ending July 31, 2026, up 9.4% from a year before. New listings reached 720, up 11.5%. Homes for sale totaled 586, up 6.9%. More supply and more sales are both true at once. That is what makes the ZIP-by-ZIP read so important.

Nationally, the Federal Housing Finance Agency reported U.S. house prices rose 2.6% from July 2025 to July 2026. Knoxville's four ZIP codes ranged from down 16.2% to up 12.8%. The national figure sits right in the middle of that spread, but it describes none of these ZIP codes precisely.

What this means, depending on where you stand

If you are a buyer, ZIP 37919 is the one pocket where prices pulled back meaningfully. More homes are selling there, which tells you demand is real. But the lower prices give you room to negotiate. If you are a seller in ZIP 37919, recent local comps matter more than the national headline. If you are a seller in ZIP 37934 or ZIP 37922, the data supports your price. Just know that buyers are watching days on market closely.

One more thing: even within a ZIP code, one street can read very differently from the whole. The numbers above are a starting point, not a final answer.