Knoxville Home Prices and 20 New Townhomes in Cedar Bluff

Construction crews have started prepping the cleared two-acre parcel at Dutchtown and Bob Kirby roads in Knoxville's Cedar Bluff neighborhood, and approved planning documents (case 1-C-25-DP) show what is coming: 20 townhomes on a site surrounded mostly by single-family homes, near Webb School, Christian Academy of Knoxville and Peer Academy.

What is being built at Dutchtown and Bob Kirby roads?

Twenty townhomes on roughly two acres — a development plan already through Knoxville-Knox County Planning. It is a small project by headline standards, but it is the kind of infill that is now doing most of the work on attainable price points in West Knoxville, where raw land inside the Cedar Bluff and Farragut school pockets is close to gone.

What else is under construction in Knoxville right now?

Downtown, crews broke ground Aug. 5 on MAC on Fifth, a 144-unit apartment complex at 200 W. Fifth Ave. with 10 ground-level live-work units reserved for local entrepreneurs, targeted to open by summer 2028. The same development group is also behind Vital at Springbrook Farm, a 300-unit complex near McGhee Tyson Airport.

How busy is the Knox County real estate market this month?

Very busy. In the last week of July, the Knox County Register of Deeds recorded 2,168 new documents — over 500 more than the week prior. That included 417 new trust deeds (mortgages) worth $226.39 million, up 61 loans and roughly $100 million from the previous week, and 286 warranty deeds totaling $162.06 million, about 50 more transactions and nearly $60 million more in value.

What is the median home price in the Knoxville area?

The regional median sale price was $385,000 in July 2026 — slightly below June but about 3% higher than July 2025, per East Tennessee REALTORS MLS data. Closed sales slipped from June but ran roughly 9% ahead of last July, and year-to-date closings are about 8% ahead of 2025.

What this means if you own or buy here

• Cedar Bluff owners: 20 attached units next to single-family streets adds traffic at Dutchtown and Bob Kirby, and it also adds a lower entry price point in the same school zones — historically a support, not a drag, on nearby values.
• Buyers priced out of West Knoxville: new townhome product in these school pockets is the most realistic path in under the detached median.
• Sellers: a 3% year-over-year median gain is normal appreciation, not 2021. Price to comparable closings from the last 60 days.
• Investors: mortgage recordings jumping $100 million in a single week says financing is still flowing at 6.69%.
• Move-up sellers: if you need the equity from this house to buy the next one, a guaranteed-sale plan sets your sale date first* so you are not writing a contingent offer against a cash buyer.

What's happening in Knoxville this week

• Market Square Farmers Market — Aug. 12, 15, 19 · Market Square, Knoxville
• Blount Mansion Centennial Lecture: Women Who Changed Blount Mansion's History — Aug. 13, 6 p.m. · Blount Mansion Visitors Center (free, RSVP)
• East Tennessee History Festival — Aug. 15 · East Tennessee History Center, downtown Knoxville
• Concerts on the Square — Variety Thursdays — Aug. 20, 7 p.m. · Market Square
• Knox Asian Festival — Aug. 30, 10:30 a.m. · World's Fair Park

Moving here? A Saturday on Market Square plus a drive through Cedar Bluff and Farragut tells you more about fit than any listing photo.

Sources: Knox News, Aug. 7, 2026 ("Cleared land at Dutchtown and Bob Kirby roads set to become housing") and Aug. 6, 2026 (MAC on Fifth groundbreaking); Knoxville-Knox County Planning case 1-C-25-DP; Knox County Register of Deeds weekly report, Aug. 6, 2026; East Tennessee REALTORS MLS July 2026 statistics; Freddie Mac Primary Mortgage Market Survey, Aug. 6, 2026; Downtown Knoxville events calendar.

*Tracy and seller must agree on price and possession date