Is Sevier County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
At the same time last year, Sevier County was a Seller's Market.
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
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $450K | $399.9K | -11.1% |
2 Bedrooms | $500.5K | $430K | -14.1% |
3 Bedrooms | $408.6K | $410K | 0.3% |
4 Bedrooms | $742.8K | $735K | -1.1% |
5+ Bedrooms | $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 | $350K | $374.9K | +7.1% |
Swain County | $372.4K | $397.5K | +6.7% |
Jefferson County | $299.9K | $316.8K | +5.6% |
Cocke County | $238.8K | $236K | -1.2% |
Sevier County | $480.2K | $449.9K | -6.3% |
Housing Supply in Sevier County, TN
How many homes are available in Sevier County, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
876 | 1,034 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 78 | 95 | +21.8% |
2 Bedrooms | 260 | 307 | +18.1% |
3 Bedrooms | 332 | 386 | +16.3% |
4 Bedrooms | 127 | 156 | +22.8% |
5+ Bedrooms | 79 | 90 | +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 2024 | Feb 2024 | CHANGE |
---|---|---|
88 | 83 | -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
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 2023 | Feb 2024 | CHANGE |
---|---|---|
107 Days | 40 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
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.