TN · Metro #167

Kingsport - TN housing market

The Kingsport metro has a typical home value of $246,242, up 1.2% from a year ago. Homes are moving fast at 15 days on market - a strong seller's market. 30% of listings have had a price cut. Data from Zillow Research, updated monthly.

Typical home value
$246,242
+1.2% vs. year ago
Median sale price
$240,877
+6.7% YoY
Median list price
$312,967
Sale-to-list ratio
96.1%
Selling below ask
Days on market
15d
Listings w/ price cut
30.2%
New listings / mo
428
+6.7% YoY
Homes for sale
1,254
+10.5% YoY
Typical rent
$1,350/mo
+5.7% YoY
Context

How to read this data

The typical home value ($246,242) is the Zillow Home Value Index for the Kingsport - TN metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.

Prices are up 1.2% over the past year. In Kingsport - TN, that means a home worth $243,322 last year is now worth roughly $246,242.

The median sale price , what homes actually close for , is $240,877. Homes are selling at 96.1% of list price, meaning buyers have room to negotiate.

Homes listed in Kingsport - TN sit on the market for roughly 15 days before going pending. Shorter = seller's market; longer = buyer's market.

About 30.2% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.

Roughly 428 new listings hit the market each month in Kingsport - TN. There are currently 1,254 homes for sale, up 10.5% from a year ago.

The typical monthly rent in Kingsport - TN is $1,350, up 5.7% year over year. For investors, the price-to-rent ratio here is roughly 15x annual rent.

What's not on this page

This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.

Covered Home Repairs
Related

Other metros in TN

MetroHome value1-yr changeDays on market
Nashville - TN$455,958 -0.9% 22.0d
Memphis - TN$247,229 +0.1% 24.0d
Knoxville - TN$367,158 +1.8% 17.0d
Chattanooga - TN$326,370 +0.2% 22.0d
Clarksville - TN$292,990 -0.7% 23.0d
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