Homes for Sale Under 400K in Knoxville, TN

176 Homes for Sale

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Knoxville, TN Housing Market Overview

Knoxville's housing market is evenly balanced between buyers and sellers. This creates fair negotiating conditions for both parties. With a 0.97-month supply of homes and properties spending 48 days on the market on average, both buyers and sellers have equal opportunity to achieve favorable outcomes.

Status

Balanced Market

Days on Market

48

Inventory

176

Aug 2021May 2024Jul 2026

Median Home Price

$410,000Down 1.20%

In Jul 2026 · YoY

Aug 2021May 2024Jul 2026

Mortgage Rates 30-Yr Fixed

6.23%Down 0.58%

Current rate · YoY

Loan Type

30-Year Fixed

Housing Supply

Homes For Sale
176 Up 0.67%
Newly Listed Homes
846 Down 11.60%
Months of Supply
1 Down 37.93%

Housing Demand

Homes Sold
2,499 Up 62.17%
Sale-to-List Ratio
98.3% Down 0.38%
Homes Sold Above List
21.3% Up 3.96%

30-yr fixed rate 6.23% · Data as of Jul 2026 · Source: Houzeo Research.

View Full Knoxville Market Report
  • mls-img
    Based on information from the Knoxville Area Association of REALTORS MLS through Sep 1, 2026, 8:45 AM. Information is provided exclusively for consumers’ personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed accurate by the MLS. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2025 Knoxville Area Association of REALTORS® MLS. All Rights Reserved.

    Angela Fowler Real Estate, LLC | 423.320.4620 | afowler@catt.com
    Mailing Address: 452 Kailors Cove Cir, Ringgold, GA 30736
  • mls-img
    Based on information from Realtracs® through Sep 1, 2026, 8:45 AM. Data courtesy of Realtracs® MLS as distributed by MLS GRID. Some IDX listings have been excluded from this website. All data is obtained from various sources and may not have been verified by the broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. IDX information is provided exclusively for consumers’ personal, noncommercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable but is not guaranteed by MLS GRID. The use of the MLS GRID Data may be subject to an end-user license agreement prescribed by Realtracs® MLS. © 2025 RealTracs Solutions. All Rights Reserved.

    Angela Fowler Real Estate, LLC | 423.320.4620 | afowler@catt.com
    Mailing Address: 452 Kailors Cove Cir, Ringgold, GA 30736

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Knoxville, TN Housing Marketlink qauare
Homes Available icon

176

Homes Available

Median List Price icon

$ 410,000

Median List Price

Avg on Market icon

48 Days

Avg on Market

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