Tennessee

Local Housing Market · Zillow ZHVI · May 2026

$336,445

Typical Home Value

▲ 0.4% YoY ▼ 0.02% MoM

6.49%

30Y Mortgage Rate

PMMS · Jul 09, 2026

26bps

YoY Rate Change

▼ Lower than 1yr ago

195bps

30Y/10Y Spread

Norm ~170bps

🏘 Tennessee Home Values

Zillow Home Value Index (ZHVI)

Zillow

Typical Home Value

$336,445

▲ 0.4% YoY

Month-over-Month

▼ 0.02% MoM

May 2026

Data Period

May 2026

Updated monthly

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

📊 National Mortgage Rates

Current Mortgage Rates

Freddie Mac PMMS

30Y Fixed

6.49%

PMMS · Jul 09, 2026

15Y Fixed

5.82%

PMMS · Jul 09, 2026

1yr Ago 30Y

6.75%

▼ Rates lower 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 · June 2026

• Inventory is up 9.9% YoY and listing prices are softening 1.0% YoY with 22.8% of listings carrying a price cut. Appraisal risk is lower, but watch for value gaps on pending deals.

• Homes are selling in a median 60 days — a slower market. Pending ratio is 0.4 — moderate demand, purchase timelines are manageable.

• New listings are roughly flat 0.7% YoY. Seller activity is stable.

Median Listing Price

$435,500

▼ 1.0% YoY

Median Days on Market

60d

0d YoY

Active Listings

35,259

▲ 9.9% YoY

New Listings

12,756

▲ 0.7% YoY

Price Reduced Share

22.8%

of active listings

Pending Ratio

0.4

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) · June 2026

Johnson City

▼ COOLING

National rank #87

Median Price

$411,955

Median DOM

46d

Demand score 87/100

Kingsport-Bristol

▼ COOLING

National rank #114

Median Price

$330,000

Median DOM

51d

Demand score 82/100

Knoxville

▼ COOLING

National rank #144

Median Price

$459,900

Median DOM

51d

Demand score 66/100

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