Is Sevier County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sevier County is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Sevier County was a Seller's Market.

Key Takeaway

Sevier County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Sevier County, TN

How much do homes in Sevier County, TN cost?

Median Sold Price

$449,935

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$30,341(-6.3%)

Key Takeaway

Homes in Sevier County have sold for 6.3% less than they did a year ago.

Summary: The median home sold price in Sevier County was $449,935 in February 2024, down 6.3% from last year, and the median price per square foot was $269.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $450K$399.9K
-11.1%
2 $500.5K$430K
-14.1%
3 $408.6K$410K
0.3%
4 $742.8K$735K
-1.1%
5+ $1.0M$1.2M
+10.6%

Summary: Sevier County housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.1%, 2 bedroom homes decreased by 14.1%, 3 bedroom homes increased by 0.3%, 4 bedroom homes decreased by 1.1%, and 5+ bedroom homes increased by 10.6%.

Median Sold Price Compared To Nearby Counties

Blount County
+7.1%
Swain County
+6.7%
Jefferson County
+5.6%
Cocke County
-1.2%
Sevier County
-6.3%

Housing Supply in Sevier County, TN

How many homes are available in Sevier County, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
8761,034+18.0%

Summary: The Sevier County real estate market had 1,034 homes for sale in February 2024, a 18.0% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 7895
+21.8%
2 260307
+18.1%
3 332386
+16.3%
4 127156
+22.8%
5+ 7990
+13.9%

Summary: The Sevier County housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 21.8%, 2 bedroom homes increased by 18.1%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 22.8%, and 5+ bedroom homes increased by 13.9%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
8883-5.7%

Asking Price vs. Sold Price

58 Homes Were Sold
Under Asking

14 Homes Were Sold
At Asking

9 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sevier County, you may be able to get a good deal. 71.6% of homes here sold below asking price last month.

Summary: A total of 83 homes were sold or pending in Sevier County in February 2024, down by 5.7% month-over-month. Of the 81 sold homes, 72% were sold under asking, 17% were sold at asking, and 11% were sold over asking.

Days on Market for Sevier County, TN

How long does it take to sell a home in Sevier County, TN?

Average Sale Time

Feb 2023Feb 2024CHANGE
107 Days40 Days-62.8%

Summary: Homes in Sevier County had an average of 40 days on market in Feb 2024, down by 62.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Sevier County has remained consistent over time.

Summary: During February 2024, 83 homes were sold in Sevier County; 0% of homes were sold within 30 days, 1% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

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

Report Updated 28 Days Ago

Newest Listings in Sevier County, TN

Nearby Markets to Sevier County, TN

What housing markets are near Sevier County, TN?