Is Pigeon Forge, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$545,000
$374/sqft
Based on all homes sold in the last 12 months.
The Median Sold Price hasn't changed since March 2023.
Key Takeaway
The sold price of homes in Pigeon Forge has remained the same since last year.
Summary: The median home sold price in Pigeon Forge was $545,000 in March 2024, the same as last year, and the median price per square foot was $374.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $368.5K | $295K | -19.9% |
| 2 Bedrooms | $490K | $430K | -12.2% |
| 3 Bedrooms | $505K | $444K | -12.1% |
| 4 Bedrooms | $999K | $869.5K | -13.0% |
| 5+ Bedrooms | $1.4M | $949.9K | -32.3% |
Summary: Pigeon Forge housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 19.9%, 2 bedroom homes decreased by 12.2%, 3 bedroom homes decreased by 12.1%, 4 bedroom homes decreased by 13%, and 5+ bedroom homes decreased by 32.3%.
Median Sold Price Compared To Nearby Cities
| Pigeon Forge | $545K | $545K | 0.0% |
| Sevierville | $510K | $475K | -6.9% |
Housing Supply in Pigeon Forge, TN
How many homes are available in Pigeon Forge, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 91 | 107 | +17.6% |
Summary: The Pigeon Forge real estate market had 107 homes for sale in March 2024, a 17.6% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 9 | 10 | +11.1% |
| 2 Bedrooms | 32 | 39 | +21.9% |
| 3 Bedrooms | 16 | 17 | +6.3% |
| 4 Bedrooms | 20 | 21 | +5.0% |
| 5+ Bedrooms | 14 | 20 | +42.9% |
Summary: The Pigeon Forge housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.1%, 2 bedroom homes increased by 21.9%, 3 bedroom homes increased by 6.3%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 42.9%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 9 | 5 | -44.4% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was 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. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Pigeon Forge in March 2024, down by 44.4% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 111 Days | 215 Days | +92.9% |
Summary: Homes in Pigeon Forge had an average of 215 days on market in Mar 2024, up by 92.9% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pigeon Forge are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 5 homes were sold in Pigeon Forge; 40% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 40% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. 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. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.