Is Pigeon Forge, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$555,000
$379/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Pigeon Forge have sold for 5.7% more than they did a year ago.
Summary: The median home sold price in Pigeon Forge was $555,000 in April 2024, up 5.7% from last year, and the median price per square foot was $379.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $362.5K | $310K | -14.5% |
| 2 Bedrooms | $465K | $444.9K | -4.3% |
| 3 Bedrooms | $470K | $484.9K | +3.2% |
| 4 Bedrooms | $894.5K | $895K | 0.1% |
| 5+ Bedrooms | $1.3M | $949.9K | -28.2% |
Summary: Pigeon Forge housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 14.5%, 2 bedroom homes decreased by 4.3%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes decreased by 28.2%.
Median Sold Price Compared To Nearby Cities
| Pigeon Forge | $525K | $555K | +5.7% |
| Sevierville | $499.7K | $485K | -2.9% |
Housing Supply in Pigeon Forge, TN
How many homes are available in Pigeon Forge, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 96 | 112 | +16.7% |
Summary: The Pigeon Forge real estate market had 112 homes for sale in April 2024, a 16.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 7 | 7 | 0.0% |
| 2 Bedrooms | 34 | 43 | +26.5% |
| 3 Bedrooms | 12 | 19 | +58.3% |
| 4 Bedrooms | 23 | 23 | 0.0% |
| 5+ Bedrooms | 20 | 20 | 0.0% |
Summary: The Pigeon Forge housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 26.5%, 3 bedroom homes increased by 58.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 5 | 10 | +100.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
2 Homes Were 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 10 homes were sold or pending in Pigeon Forge in April 2024, up by 100.0% month-over-month. Of the 10 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 38 Days | 125 Days | +223.7% |
Summary: Homes in Pigeon Forge had an average of 125 days on market in Apr 2024, up by 223.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Pigeon Forge are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During April 2024, 10 homes were sold in Pigeon Forge; 30% 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®.