Is Sevier County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2022
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
$450,148
$265/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2022
Key Takeaway
Homes in Sevier County have sold for 4.4% less than they did a year ago.
Summary: The median home sold price in Sevier County was $450,148 in November 2023, down 4.4% from last year, and the median price per square foot was $265.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $450K | $419K | -6.9% |
| 2 Bedrooms | $491.5K | $448.9K | -8.7% |
| 3 Bedrooms | $409.7K | $404.2K | -1.3% |
| 4 Bedrooms | $699.9K | $720K | +2.9% |
| 5+ Bedrooms | $1.1M | $1.2M | +2.1% |
Summary: Sevier County housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 6.9%, 2 bedroom homes decreased by 8.7%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes increased by 2.1%.
Median Sold Price Compared To Nearby Counties
| Blount County | $349.5K | $369.7K | +5.8% |
| Cocke County | $235K | $240K | +2.1% |
| Jefferson County | $304.7K | $306.2K | 0.5% |
| Sevier County | $470.8K | $450.1K | -4.4% |
Housing Supply in Sevier County, TN
How many homes are available in Sevier County, TN?
Number of Homes For Sale
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 987 | 1,037 | +5.1% |
Summary: The Sevier County real estate market had 1,037 homes for sale in November 2023, a 5.1% increase compared to October 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 79 | 99 | +25.3% |
| 2 Bedrooms | 279 | 296 | +6.1% |
| 3 Bedrooms | 364 | 364 | 0.0% |
| 4 Bedrooms | 157 | 162 | +3.2% |
| 5+ Bedrooms | 108 | 116 | +7.4% |
Summary: The Sevier County housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 25.3%, 2 bedroom homes increased by 6.1%, 3 bedroom homes remained the same, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes increased by 7.4%.
Number of Homes Sold
| Oct 2023 | Nov 2023 | CHANGE |
|---|---|---|
| 141 | 95 | -32.6% |
Asking Price vs. Sold Price
69 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sevier County, you may be able to get a good deal. 72.6% of homes here sold below asking price last month.
Summary: A total of 95 homes were sold or pending in Sevier County in November 2023, down by 32.6% month-over-month. Of the 95 sold homes, 73% were sold under asking, 13% were sold at asking, and 15% 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
| Nov 2022 | Nov 2023 | CHANGE |
|---|---|---|
| 59 Days | 192 Days | +223.6% |
Summary: Homes in Sevier County had an average of 192 days on market in Nov 2023, up by 223.6% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Sevier County are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2023, 95 homes were sold in Sevier County; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 1% 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.
© 2023 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© 2023 Greater Chattanooga Association of REALTORS®.
© 2023 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing 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. This property is offered without respect to any protected classes in accordance with the law.