Is Gatlinburg, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
At the same time last year, Gatlinburg was a Seller's Market.
Key Takeaway
Gatlinburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gatlinburg, TN
How much do homes in Gatlinburg, TN cost?
Median Sold Price
$649,999
$404/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Gatlinburg have sold for 8.3% more than they did a year ago.
Summary: The median home sold price in Gatlinburg was $649,999 in June 2024, up 8.3% from last year, and the median price per square foot was $404.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285.5K | $379K | +32.7% |
| 2 Bedrooms | $483K | $519.9K | +7.7% |
| 3 Bedrooms | $812.5K | $852.5K | +4.9% |
| 4 Bedrooms | $850K | $1.1M | +31.8% |
| 5+ Bedrooms | $1.2M | $1.4M | +17.5% |
Summary: Gatlinburg housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 32.7%, 2 bedroom homes increased by 7.7%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 31.8%, and 5+ bedroom homes increased by 17.5%.
Housing Supply in Gatlinburg, TN
How many homes are available in Gatlinburg, TN?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 238 | 235 | -1.3% |
Summary: The Gatlinburg real estate market had 235 homes for sale in June 2024, a 1.3% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 23 | 19 | -17.4% |
| 2 Bedrooms | 84 | 85 | +1.2% |
| 3 Bedrooms | 68 | 62 | -8.8% |
| 4 Bedrooms | 34 | 37 | +8.8% |
| 5+ Bedrooms | 29 | 32 | +10.3% |
Summary: The Gatlinburg housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 17.4%, 2 bedroom homes increased by 1.2%, 3 bedroom homes decreased by 8.8%, 4 bedroom homes increased by 8.8%, and 5+ bedroom homes increased by 10.3%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 34 | 17 | -50.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gatlinburg, you may be able to get a good deal. 70.6% of homes here sold below asking price last month.
Summary: A total of 17 homes were sold or pending in Gatlinburg in June 2024, down by 50.0% month-over-month. Of the 17 sold homes, 71% were sold under asking, 24% were sold at asking, and 6% were sold over asking.
Days on Market for Gatlinburg, TN
How long does it take to sell a home in Gatlinburg, TN?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 68 Days | 55 Days | -19.2% |
Summary: Homes in Gatlinburg had an average of 55 days on market in Jun 2024, down by 19.2% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
4 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gatlinburg are selling fast, if you're buying plan to act quickly.
Summary: During June 2024, 17 homes were sold in Gatlinburg; 47% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.