Is Pigeon Forge, 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, Pigeon Forge was a Seller's Market.
Key Takeaway
Pigeon Forge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pigeon Forge, TN
How much do homes in Pigeon Forge, TN cost?
Median Sold Price
$555,000
$380/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Key Takeaway
Homes in Pigeon Forge have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Pigeon Forge was $555,000 in June 2024, up 5.7% from last year, and the median price per square foot was $380.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $365.2K | $357.5K | -2.1% |
| 2 Bedrooms | $445K | $450K | +1.1% |
| 3 Bedrooms | $470K | $500K | +6.4% |
| 4 Bedrooms | $880.5K | $943.1K | +7.1% |
| 5+ Bedrooms | $911K | $950K | +4.3% |
Summary: Pigeon Forge housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.1%, 2 bedroom homes increased by 1.1%, 3 bedroom homes increased by 6.4%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Pigeon Forge | $525K | $555K | +5.7% |
| Sevierville | $479.8K | $485K | +1.1% |
Housing Supply in Pigeon Forge, TN
How many homes are available in Pigeon Forge, TN?
Number of Homes For Sale
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 118 | 117 | -0.8% |
Summary: The Pigeon Forge real estate market had 117 homes for sale in June 2024, a 0.8% decrease compared to May 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 11 | +22.2% |
| 2 Bedrooms | 44 | 40 | -9.1% |
| 3 Bedrooms | 24 | 30 | +25.0% |
| 4 Bedrooms | 19 | 17 | -10.5% |
| 5+ Bedrooms | 22 | 19 | -13.6% |
Summary: The Pigeon Forge housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 22.2%, 2 bedroom homes decreased by 9.1%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 10.5%, and 5+ bedroom homes decreased by 13.6%.
Number of Homes Sold
| May 2024 | Jun 2024 | CHANGE |
|---|---|---|
| 13 | 6 | -53.8% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pigeon Forge, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Pigeon Forge in June 2024, down by 53.8% month-over-month. Of the 6 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Pigeon Forge, TN
How long does it take to sell a home in Pigeon Forge, TN?
Average Sale Time
| Jun 2023 | Jun 2024 | CHANGE |
|---|---|---|
| 39 Days | 77 Days | +96.5% |
Summary: Homes in Pigeon Forge had an average of 77 days on market in Jun 2024, up by 96.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Pigeon Forge has remained consistent over time.
Summary: During June 2024, 6 homes were sold in Pigeon Forge; 0% of homes were sold within 30 days, 83% of homes were sold within 30 to 90 days, and 17% 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. 
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.