Knox County Home Prices: 4 New Subdivisions Cleared Aug. 13

The Knoxville-Knox County Planning Commission cleared four subdivision final plats and a slate of North Knox rezonings on its Aug. 13, 2026 consent list — the quiet paperwork step that turns approved plans into recorded, buildable lots.

Which Knox County subdivisions were approved Aug. 13?

Four final plats moved on consent: Cypress Valley Subdivision (case 8-SA-26-F) at 717 W. Governor John Sevier Highway in Commission District 9; Carter Ridge Phase 6 (8-SB-26-F) at 9124 Carter Mill Drive, District 8; Pickens Ridge Subdivision Unit 1 (8-SC-26-F) off Pickens Gap Road, District 9, covering nine parcels; and Hickory View Subdivision Phase 2 (8-SD-26-F) on West Gallaher Ferry and Hickory Creek roads in District 6.

What rezonings passed in North Knox County?

Three matter for housing supply. Commissioners approved rezoning 5317, 5501 and 5507 E. Emory Road plus Quarry Road from Agricultural to RA (Low Density Residential) (case 8-B-26-RZ), and 6427 McFall Road from Agricultural to RA (8-C-26-RZ). A separate case, 8-F-26-RZ at 6806 and 6812 E. Emory Road, raised a Planned Residential zone from up to 5 dwelling units per acre to up to 5.25. Planning staff explained why: a concept plan approved in December 2025 assumed 10.79 acres, but a survey later found the lot was actually 10.14 acres, which pushed the approved 53 units past the density allowed. Also on the agenda: 318 Nancy Lynn Lane from General Industrial to Research and Development (8-K-26-RZ) and 5307 Ballard Drive from RN-1 to RN-2 (8-D-26-RZ).

What is the Knoxville-area market doing right now?

Inventory keeps rebuilding. Active listings topped 10,700 homes in July, roughly 6% higher than last year and the highest July level since 2016, per East Tennessee REALTORS MLS data. The median sale price was $385,000, about 3% above July 2025, months of supply reached about 5.5, and closings ran about 9% ahead of last July, with year-to-date sales about 8% ahead of 2025.

What this means if you own or buy here

• North Knox owners: Agricultural-to-RA rezonings on E. Emory and McFall roads are how a rural road becomes a subdivision road. If you own acreage nearby, this is the moment your land value conversation changes.
• Buyers: final plats mean lots get recorded and homes follow in 6 to 18 months. New construction is your competition on price and on delivery date — ask for both.
• Sellers: with the largest July inventory since 2016, buyers can choose. Condition and pricing are doing the work now, not scarcity.
• Investors: 369 trust deeds worth $358.92 million in one week says financing is still moving in Knox County, even with rates near 6.67%.
• Move-up sellers: you cannot make an offer you can honor until your current home is settled. A guaranteed-sale plan removes that contingency first,* so you can shop the new subdivisions with a real budget.

What's happening in Knoxville this week

• WDVX Blue Plate Special — weekdays at noon · Visit Knoxville, 301 S. Gay St. (free)
• LMT Burnout 8 — Aug. 18 · Ijams Nature Center, Knoxville
• First-Year MFA Exhibition — opens Aug. 20 · UT Downtown Gallery, 106 S. Gay St.
• Market Square Farmers Market — Wednesdays and Saturdays · Market Square, downtown Knoxville

New to Knoxville? Downtown, Farragut and Halls are three completely different price points inside the same county.

Sources: Knoxville-Knox County Planning, Aug. 13, 2026 commission agenda and consent list (knoxplanning.org); East Tennessee REALTORS MLS July 2026 data; Knox County Register of Deeds weekly report, Aug. 13, 2026; Freddie Mac Primary Mortgage Market Survey, Aug. 13, 2026.

*Tracy and seller must agree on price and possession date