Winning in a buyer’s market

Knoxville has 2,018 active listings this edition, with a median asking price of $400,405 and a median of 56 days on the market. Knoxville saw 39 asking-price cuts and no increases this edition. The Knoxville page lists every home there.

Next door, Chattanooga has 36 active listings and a median asking price of $384,950, $15,455 lower than Knoxville's. Per square foot the median asks $215 in Chattanooga against $234 in Knoxville, so Chattanooga is lower; the median lot is 0.19 acres in Chattanooga against 0.27 acres in Knoxville, so Knoxville has more land. Also nearby, Maryville has 410 active listings and a median asking price of $453,464, $53,059 higher than Knoxville's. Per square foot the median asks $232 in Maryville against $234 in Knoxville, so Maryville is lower; the median lot is 0.75 acres in Maryville against 0.27 acres in Knoxville, so Maryville has more land. Every figure is an asking price from the same edition.

Across the whole market the Gazette counts 12,401 active listings with a median asking price of $348,900. The median asking price works out to $236 per square foot. The median time on the market is 81 days. The by-the-numbers page sets out every city, with the charts.

Edition No. 19 covers Nov 10 to Nov 11, and in that window 102 new listings came on, 156 price cuts were recorded, two price increases were recorded, and 119 listings left the active market.