Market Intelligence · TN / Knoxville

Knoxville, TN 37923 Housing Market

Homes in Knoxville's 37923 ZIP typically sell for $401,724, up 1.3% over the past year. The median list price sits at $396,725, with properties averaging 57 days on market as of September 2026.

Updated September 2026Median value$402K

The median home value in Knoxville, TN 37923 is $402K as of September 2026, up 1.3% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 37923 range

$370K to $434K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.3% over 12 months

Sep 2025$397K

Low $397KHigh $402K

Sep 2026$402K

The numbers

What is the 37923 housing market like?

As of September 2026

Typical home value

$402K

1.3%YoY

Median list price

$397K

0.5%MoM

Days on market

26.7%MoM

Homes for sale

2.7%MoM

Price cuts

17.3%

27.8%MoM

New listings

18.8%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

37923 housing market forecast 2027

+1.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 37923 to rise 1.8% by September 2027.

Over the 12 months through September 2026, typical home values in 37923 rose 1.3%, per the Zillow Home Value Index.

Will home prices drop in 37923?

Zillow's forecast does not call for a drop: it expects typical home values in 37923 to rise 1.8% by September 2027, after a 1.3% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 37923 home prices compare?

37923$401,724
Knoxville$376,931
Tennessee$265,881
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Knoxville: 17 ZIPs; Tennessee: 587 ZIPs; United States: 26,262 ZIPs).

Context

The area currently has 71 homes for sale with 38 new listings added in September 2026. About 17.3% of listings carry a price cut, which is a notable share in a market where values have grown modestly. Days on market at 57 suggests homes are taking time to find buyers. The data points to a balanced, patient market where pricing strategy matters.

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Common questions

What people ask us.

What is the typical home value in 37923?

Homes in this ZIP typically sell for $401,724, reflecting a 1.3% increase over the past year as of September 2026.

How long do homes stay on the market in 37923?

The median time on market is 57 days as of September 2026.

What percentage of homes have had price cuts?

About 17.3% of active listings carry a price cut as of September 2026.

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