The Kingsport residential market is showing a distinct shift as we move into the second quarter of 2026. While the market remains active, we are seeing a significant increase in inventory and a lengthening of the sales cycle, providing a different landscape for buyers and sellers compared to last year.
The Big Numbers at a Glance
- Median Sale Price: $278,000 (Up 2.96% vs. March 2025)
- Average List Price: $364,885 (Up 6.46% year-over-year)
- New Listings: 150 (A slight dip of 5.1% from last March)
- Total Inventory: 294 active listings, representing a 17.1% increase over last year.
Key Market Insights
- Rising Inventory & Absorption: The absorption rate has climbed to 2.71 months (up from 2.30). While still technically a seller’s market, the trend is moving steadily toward a more balanced environment, giving buyers more breathing room.
- Longer Sales Cycles: Unlike some neighboring areas, Kingsport homes are staying on the market longer. The Average Days on Market (CDOM) rose to 122 days, a 10.9% increase compared to 2025.
- The “Hot” Price Bracket: The $300,000 – $399,999 range is the powerhouse of the Kingsport market right now, accounting for the highest volume of sold listings (28 units) and showing a 27.3% growth in sales for that segment.
- High-End Options Expanding: We are seeing a massive 77.3% surge in active listings for homes priced between $400,000 and $499,999, signaling a growing luxury and upper-mid-tier market.
What This Means for You
- For Sellers: Pricing strategy is more critical now than it was a year ago. With more competition (inventory up 17%) and homes taking longer to sell, your initial list price needs to be data-driven to capture interest quickly.
- For Buyers: This is the most selection you’ve had in over a year! With an 18.2% increase in pending listings year-to-date, the market is moving, but the increase in total active listings means you don’t necessarily have to rush into a “blind” offer.
Market Tip: If you are looking in the $250k – $300k range, be prepared for competition—pending sales in this bracket are up a staggering 170% year-over-year!
