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February's Knoxville 2024 Market Update

Mark McCormick

Mark McCormick was born in Western Pennsylvania and has lived in East Tennessee since he graduated from Lebanon Valley College in 2004...

Mark McCormick was born in Western Pennsylvania and has lived in East Tennessee since he graduated from Lebanon Valley College in 2004...

Feb 12 1 minutes read

General Overview

       The Knox County real state market has started to heat up a little bit as we approach the end of winter. The number of new listings has increased substantially from last month, however, the total active listings on the market are down. This sounds contradictory, however it makes perfect sense. There are more pending and closed properties in the last 30 days, which has decreased the number of active listings.  The days on market for homes is slightly higher this month from last month, however, it is still low when compared to historical home sale data. Listing numbers are still down, however, the slight increase in new listings is promising as we approach spring. 

February's Market Update for Knoxville

546

New Listings

936

Active Listings

559

Under Contract

405

Closed Sales


Homes Sold

96.9%

Sold-To-List-Ratio


 

$384,900

Average Sales Price

1.64

Months of Supply

33.2

Average Days on Market

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