ZIP 37923 (Knoxville) Housing Market Update – February 21, 2026
37923 – February 21, 2026 – Knoxville ZIP 37923 shows slight price softness and longer market times; inventory is tight and rents are easing.
ZIP 37923 (Knoxville, Knox County, Tennessee) continues to look like a market where buyers have a bit more time than last year, but not a flood of choices.
Top takeaways
- Prices are slightly softer year over year, with recent ZIP-level medians clustering around the high $380s to about $398K depending on the data source.
- Active inventory is still relatively limited (roughly the high-80s to ~100 homes for sale on major portals), so well-priced homes can still move.
- Market pace has slowed: typical marketing times are roughly 46–61 days on market in the latest ZIP snapshots.
- Rental indicators have cooled, with a reported median rent around $1,750 and dozens of active rentals.
Market snapshot (latest portal data)
Realtor.com’s ZIP-level dashboard shows a median home sale price of $387,450 with about 99 homes for sale, and a median 46 days on market. It also shows a median rent of $1,750 and about 47 active rental listings.
Redfin’s ZIP 37923 housing market page (January 2026) reports a median sale price around $397,500 and an average 61 days on market, with fewer homes sold versus last year.
Zillow’s ZIP 37923 home value page (data through January 31, 2026) puts the typical home value at $393,135 and shows 87 homes in for-sale inventory, with 26 new listings in that snapshot and a median sale-to-list ratio just under 1.0.
What’s for sale nearby (no addresses)
If you’re shopping right now, the main search pages for 37923 show a mix of single-family homes and condos/townhomes. A quick look at recent Zillow search results suggests active asking prices can range from the mid-$300Ks into the $900Ks+ depending on size, condition, and neighborhood. Realtor.com’s active listing page also reflects a mid-$300Ks median listing price and a multi-month average time on market, which lines up with the slower pace noted above.
ServiceXTC pros to line up before closing (availability varies)
- Surface Experts of Chattanooga – home repairs and property maintenance
- Tubular Skylights by Conrad – skylight contractor
- Euterpe Moving – moving and storage service
Even if you’re buying a newer home, lining up an inspector, a roofer, and a plumber early can help you move fast when you find the right property.
Question for locals: Are you seeing more price cuts, or are the best homes still getting multiple offers in 37923?
Sources
https://www.realtor.com/local/market/tennessee/zipcode-37923
https://www.redfin.com/zipcode/37923/housing-market
https://www.zillow.com/home-values/74560/knoxville-tn-37923/
https://www.realtor.com/realestateandhomes-search/37923
https://www.zillow.com/knoxville-tn-37923/
https://servicextc.com/surface-experts-of-chattanooga/
https://servicextc.com/tubular-skylights-by-conrad/
https://servicextc.com/euterpe-moving/