Is Sevierville, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Sevierville is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Sevierville has remained a Seller's Market.

Key Takeaway

Sevierville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Sevierville, TN cost?

Median Sold Price

$345,000

$205/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$61,100(+21.5%)

Key Takeaway

Homes in Sevierville have sold for 21.5% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $215K$280K
+30.2%
2 $280K$291K
+3.9%
3 $271K$341.2K
+25.9%
4 $375K$375K
0.0%
5+ $765.4K$432.5K
-43.5%

Median Sold Price Compared To Nearby Cities

Kodak
+21.9%
Pigeon Forge
+21.6%
Sevierville
+21.5%

How many homes are available in Sevierville, TN?

Number of Homes For Sale

Sep 2022Oct 2022%
6772+7.5%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 34
+33.3%
2 109
-10.0%
3 2931
+6.9%
4 1715
-11.8%
5+ 813
+62.5%

Number of Homes Sold

Sep 2022Oct 2022%
913+44.4%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

4 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Sevierville, you may be able to get a good deal. 69.2% of homes here sold below asking price last month.

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

About Sevierville, TN

Number of homes for sale in Sevierville, TN real estate market have reached 72. In October 2022 in Sevierville, TN there were 7.5% more homes for sale than in September 2022. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: 1 bedroom properties prices increased by 30.2%, prices of 2 bedrooms properties increased by 3.9%, the cost of 3 bedrooms properties went up by 25.9%, prices of 4 bedrooms properties stayed the same, prices of 5 bedrooms properties decreased by 43.5%. Volume of homes for sale changed: the quantity of 1 bedroom homes went up by 33.3%, 2 bedrooms homes inventory decreased by 10%, number of 3 bedrooms homes increased by 6.9%, 4 bedrooms homes became 11.8% less available, volume of 5 bedrooms homes went up by 62.5%. Over 0 listings were sold over their listed price in October 2022 in Sevierville, TN. In the same period over 9 listings were sold below the listed price and 4 listings were sold for the listed price.

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