Tennessee

Local Housing Market · Zillow ZHVI · July 2026

$336,508

Typical Home Value

▲ 0.5% YoY ▼ 0.09% MoM

6.65%

30Y Mortgage Rate

PMMS · Aug 20, 2026

9bps

YoY Rate Change

▲ Higher than 1yr ago

195bps

30Y/10Y Spread

Norm ~170bps

🏘 Tennessee Home Values

Zillow Home Value Index (ZHVI)

Zillow

Typical Home Value

$336,508

▲ 0.5% YoY

Month-over-Month

▼ 0.09% MoM

July 2026

Data Period

July 2026

Updated monthly

Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly

📊 National Mortgage Rates

Current Mortgage Rates

Freddie Mac PMMS

30Y Fixed

6.65%

PMMS · Aug 20, 2026

15Y Fixed

5.95%

PMMS · Aug 20, 2026

1yr Ago 30Y

6.56%

▲ Rates higher now

30Y/10Y Spread

195bps

Tight · norm ~170bps

Freddie Mac PMMS via FRED · National rates · State-specific rates may vary slightly

📋 Realtor.com Market Data · Tennessee

Market Indicators

REALTOR.COM

🏦 LO Market Signal · July 2026

• Inventory is up 10.0% YoY and listing prices are softening 1.1% YoY with 23.1% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.

• Homes are selling in a median 64 days — a slower market. Pending ratio is 0.37 — moderate demand, purchase timelines are manageable.

• New listings are roughly flat 1.0% YoY. Seller activity is stable.

Median Listing Price

$435,000

▼ 1.1% YoY

Median Days on Market

64d

0d YoY

Active Listings

36,364

▲ 10.0% YoY

New Listings

12,046

▲ 1.0% YoY

Price Reduced Share

23.1%

of active listings

Pending Ratio

0.37

pending ÷ active

Realtor.com Research · State-level inventory data · Updated monthly

Hottest Markets in Tennessee

REALTOR.COM

Top metros by national hotness rank (supply + demand composite) · July 2026

Johnson City

▼ COOLING

National rank #87

Median Price

$424,500

Median DOM

55d

Demand score 90/100

Kingsport-Bristol

▼ COOLING

National rank #113

Median Price

$332,450

Median DOM

58d

Demand score 86/100

Knoxville

▼ COOLING

National rank #121

Median Price

$449,954

Median DOM

57d

Demand score 72/100

Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply