Tennessee
Local Housing Market · Zillow ZHVI · September 2026
$330,844
Typical Home Value
▲ 0.6% YoY ▼ 0.11% MoM
7.40%
30Y Mortgage Rate
PMMS · Oct 15, 2026
121bps
YoY Rate Change
▲ Higher than 1yr ago
230bps
30Y/10Y Spread
Norm ~170bps
🏘 Tennessee Home Values
Zillow Home Value Index (ZHVI)
ZillowTypical Home Value
$330,844
▲ 0.6% YoY
Month-over-Month
▼ 0.11% MoM
September 2026
Data Period
September 2026
Updated monthly
Zillow ZHVI · State-level · Smoothed, seasonally adjusted · Updated monthly
📊 National Mortgage Rates
Current Mortgage Rates
Freddie Mac PMMS30Y Fixed
7.40%
PMMS · Oct 15, 2026
15Y Fixed
6.71%
PMMS · Oct 15, 2026
1yr Ago 30Y
6.19%
▲ Rates higher now
30Y/10Y Spread
230bps
Normal · 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 · September 2026
• Inventory is up 9.0% YoY and listing prices are flat 0.1% YoY with 23.8% of listings carrying a price cut. Pricing is stable — comps should be reliable.
• Homes are selling in a median 68 days — a slower market. Pending ratio is 0.34 — moderate demand, purchase timelines are manageable.
• New listings are declining 4.3% YoY. Fewer new listings may constrain purchase pipeline — focus on pre-approvals to capture demand early.
Median Listing Price
$429,450
▼ 0.1% YoY
Median Days on Market
68d
0d YoY
Active Listings
36,900
▲ 9.0% YoY
New Listings
10,722
▼ 4.3% YoY
Price Reduced Share
23.8%
of active listings
Pending Ratio
0.34
pending ÷ active
Realtor.com Research · State-level inventory data · Updated monthly
Hottest Markets in Tennessee
REALTOR.COMTop metros by national hotness rank (supply + demand composite) · September 2026
Johnson City
▼ COOLING
National rank #98
Median Price
$424,000
Median DOM
61d
Demand score 93/100
Kingsport-Bristol
▼ COOLING
National rank #116
Median Price
$339,000
Median DOM
60d
Demand score 83/100
Knoxville
▼ COOLING
National rank #123
Median Price
$449,900
Median DOM
58d
Demand score 71/100
Realtor.com Hotness Index · Metro-level · Higher demand score = more buyer activity relative to supply