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 January 2023

At the same time last year, Gatlinburg was a Neutral 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

$612,000

$394/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$19,500(+3.3%)

Key Takeaway

Homes in Gatlinburg have sold for 3.3% more than they did a year ago.

Summary: The median home sold price in Gatlinburg was $612,000 in January 2024, up 3.3% from last year, and the median price per square foot was $394.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $357.5K$312.5K
-12.6%
2 $539.5K$485K
-10.1%
3 $743.5K$855K
+15.0%
4 $890.7K$850K
-4.6%
5+ $1.2M$1.5M
+21.9%

Summary: Gatlinburg housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12.6%, 2 bedroom homes decreased by 10.1%, 3 bedroom homes increased by 15%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes increased by 21.9%.

Housing Supply in Gatlinburg, TN

How many homes are available in Gatlinburg, TN?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
180197+9.4%

Summary: The Gatlinburg real estate market had 197 homes for sale in January 2024, a 9.4% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 2523
-8.0%
2 6880
+17.6%
3 5560
+9.1%
4 2125
+19.0%
5+ 119
-18.2%

Summary: The Gatlinburg housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8%, 2 bedroom homes increased by 17.6%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 19%, and 5+ bedroom homes decreased by 18.2%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
2010-50.0%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 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. 70% of homes here sold below asking price last month.

Summary: A total of 10 homes were sold or pending in Gatlinburg in January 2024, down by 50.0% month-over-month. Of the 10 sold homes, 70% were sold under asking, 30% were sold at asking, and 0% were sold over asking.

Days on Market for Gatlinburg, TN

We’re sorry, we don't have information for this market at the moment

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

Report Updated 21 Days Ago

Newest Listings in Gatlinburg, TN

Nearby Markets to Gatlinburg, TN