Is Gatlinburg, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Gatlinburg is a buyer's market

Buyer's
Market

Difference Since April 2021

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.

How much do homes in Gatlinburg, TN cost?

Median Sold Price

$504,900

$317/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$154,900(+44.3%)

Key Takeaway

Homes in Gatlinburg have sold for 44.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $222.5K$410K
+84.3%
2 $260K$355K
+36.5%
3 $365K$641K
+75.6%
4 $570K$709.5K
+24.5%
5+ $892.5K$891.5K
-0.1%

How many homes are available in Gatlinburg, TN?

Number of Homes For Sale

Mar 2022Apr 2022%
4764+36.2%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 510
+100.0%
2 1721
+23.5%
3 1318
+38.5%
4 77
0.0%
5+ 58
+60.0%

Number of Homes Sold

Mar 2022Apr 2022%
87-12.5%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Gatlinburg, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Gatlinburg are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Gatlinburg, TN

There are 64 homes are for sale in Gatlinburg, TN real estate market. The inventory of homes for sale in Gatlinburg, TN between March 2022 and April 2022 increased by 36.2%. While the average time on the market in April 2022 was 1 days, the median list price was $504,900. Between March 2022 and April 2022, listing prices of homes in this real estate market have seen the following changes: the cost of 1 bedroom properties went up by 84.3%, prices of 2 bedrooms properties increased by 36.5%, the cost of 3 bedrooms properties went up by 75.6%, 4 bedrooms properties became 24.5% more expensive, the cost of 5 bedrooms properties went down by 0.1%. Volume of homes for sale in this real estate market have seen the following changes: 1 bedroom homes became 100% more available, the quantity of 2 bedrooms homes went up by 23.5%, volume of 3 bedrooms homes went up by 38.5%, volume of 4 bedrooms homes stayed the same, 5 bedrooms homes inventory increased by 60%. Over 3 listings were sold over their listed price in April 2022 in Gatlinburg, TN. In the same period over 4 listings were sold below the listed price and 0 listings were sold for the listed price.