Is Gatlinburg, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$575,000
$393/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Gatlinburg have sold for 6.5% less than they did a year ago.
Summary: The median home sold price in Gatlinburg was $575,000 in April 2024, down 6.5% from last year, and the median price per square foot was $393.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $391K | $310K | -20.7% |
| 2 Bedrooms | $516K | $475K | -7.9% |
| 3 Bedrooms | $793K | $782.5K | -1.3% |
| 4 Bedrooms | $1.1M | $885K | -19.5% |
| 5+ Bedrooms | $1.1M | $1.7M | +55.4% |
Summary: Gatlinburg housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 20.7%, 2 bedroom homes decreased by 7.9%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 19.5%, and 5+ bedroom homes increased by 55.4%.
Housing Supply in Gatlinburg, TN
How many homes are available in Gatlinburg, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 204 | 228 | +11.8% |
Summary: The Gatlinburg real estate market had 228 homes for sale in April 2024, a 11.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 28 | 31 | +10.7% |
| 2 Bedrooms | 77 | 83 | +7.8% |
| 3 Bedrooms | 62 | 62 | 0.0% |
| 4 Bedrooms | 25 | 34 | +36.0% |
| 5+ Bedrooms | 12 | 18 | +50.0% |
Summary: The Gatlinburg housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.7%, 2 bedroom homes increased by 7.8%, 3 bedroom homes remained the same, 4 bedroom homes increased by 36%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 18 | 23 | +27.8% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
6 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. 69.6% of homes here sold below asking price last month.
Summary: A total of 23 homes were sold or pending in Gatlinburg in April 2024, up by 27.8% month-over-month. Of the 23 sold homes, 70% were sold under asking, 26% were sold at asking, and 4% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 69 Days | 132 Days | +90.7% |
Summary: Homes in Gatlinburg had an average of 132 days on market in Apr 2024, up by 90.7% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Gatlinburg are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 23 homes were sold in Gatlinburg; 35% of homes were sold within 30 days, 9% of homes were sold within 30 to 90 days, and 57% 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.
© 2024 of the REALTRACS MLS. All rights Reserved. 
© 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. This property is offered without respect to any protected classes in accordance with the law.