Are sellers cutting their asking price in Johnson City, TN?
In Johnson City, TN, 32% of the homes on the market cut their asking price during May 2026 — roughly 3 in every 10 listings. That is about where it was a year earlier (31%).
A price cut means a home was listed, did not sell at that number, and the seller lowered it. It is the clearest sign of the gap between what sellers are asking and what buyers will pay, and it shows up months before it shows up in sale prices.
The share has barely moved against a year ago, which means sellers and buyers are about as far apart as they were then — no better, no worse.
The other side of the same market: 18% of homes here sold for MORE than the asking price. Read the two together: the well-priced homes still move, the ambitious ones do not.
Over the last 36 months the highest this got was 35%, in August 2025.
If you are selling here, the number to take from this is that about 3 in 10 of your competitors got their first price wrong. If you are buying, a home that has already been cut once is a seller who has accepted that the market disagreed with them.
One caution: price cuts are seasonal everywhere. Listings that sit through the summer get cut in the fall. That is why the honest comparison is to the same month a year ago, which is the one we show, rather than to last month.
Source: Redfin's published market data for the Johnson City, TN area, through May 2026.
Are you the agent for Johnson City, TN?
We build this page's numbers into a one-page report with your name, brokerage and phone on it, for up to three areas you work — emailed to you fresh every month. Forward it to clients. $49 a month, cancel anytime.
See a real sample report first — no email needed.
More about the Johnson City, TN market
- When is the best month to sell a house in Johnson City, TN?
- How long does it take to sell a house in Johnson City, TN?
- Do homes sell above asking price in Johnson City, TN?
- Are home prices going up or down in Johnson City, TN?
- Is Johnson City, TN a buyer's market or a seller's market?
- Is the housing market slowing down in Johnson City, TN?
- What is the average home price in Johnson City, TN?
- How many homes are for sale in Johnson City, TN?
- All Johnson City, TN housing numbers
Other markets
- Are sellers cutting prices in Nashville, TN?
- Are sellers cutting prices in Memphis, TN?
- Are sellers cutting prices in Knoxville, TN?
- Are sellers cutting prices in Clarksville, TN?
- Are sellers cutting prices in Kingsport, TN?
- Are sellers cutting prices in Morristown, TN?
- Are sellers cutting prices in Jackson, TN?
- Are sellers cutting prices in Sevierville, TN?
Figures come from Redfin's published market data for the Johnson City, TN area, through May 2026. Neighborhood Numbers is an independent data publisher and is not affiliated with Redfin. We update these pages when Redfin publishes, once a month.