Is Sevier County, 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, 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
$450,840
$271/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Sevier County have sold for 2.7% less than they did a year ago.
Summary: The median home sold price in Sevier County was $450,840 in April 2024, down 2.7% from last year, and the median price per square foot was $271.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $439.9K | $388.1K | -11.8% |
| 2 Bedrooms | $488.6K | $426.1K | -12.8% |
| 3 Bedrooms | $405.6K | $420K | +3.5% |
| 4 Bedrooms | $699.9K | $765K | +9.3% |
| 5+ Bedrooms | $1.1M | $1.2M | +12.4% |
Summary: Sevier County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 11.8%, 2 bedroom homes decreased by 12.8%, 3 bedroom homes increased by 3.5%, 4 bedroom homes increased by 9.3%, and 5+ bedroom homes increased by 12.4%.
Median Sold Price Compared To Nearby Counties
| Jefferson County | $300.9K | $325K | +8.0% |
| Blount County | $355.7K | $374.9K | +5.4% |
| Cocke County | $230K | $240K | +4.3% |
| Swain County | $379.9K | $394.9K | +3.9% |
| Sevier County | $463.5K | $450.8K | -2.7% |
Housing Supply in Sevier County, TN
How many homes are available in Sevier County, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1,018 | 1,154 | +13.4% |
Summary: The Sevier County real estate market had 1,154 homes for sale in April 2024, a 13.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 98 | 117 | +19.4% |
| 2 Bedrooms | 279 | 323 | +15.8% |
| 3 Bedrooms | 384 | 422 | +9.9% |
| 4 Bedrooms | 162 | 188 | +16.0% |
| 5+ Bedrooms | 95 | 104 | +9.5% |
Summary: The Sevier County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 19.4%, 2 bedroom homes increased by 15.8%, 3 bedroom homes increased by 9.9%, 4 bedroom homes increased by 16%, and 5+ bedroom homes increased by 9.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 120 | 113 | -5.8% |
Asking Price vs. Sold Price
86 Homes Were Sold
Under Asking
19 Homes Were Sold
At Asking
8 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. 76.1% of homes here sold below asking price last month.
Summary: A total of 113 homes were sold or pending in Sevier County in April 2024, down by 5.8% month-over-month. Of the 113 sold homes, 76% were sold under asking, 17% were sold at asking, and 7% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 59 Days | 73 Days | +22.7% |
Summary: Homes in Sevier County had an average of 73 days on market in Apr 2024, up by 22.7% compared to last year.
Breakdown of Home Sale Times
52 Homes Were Sold
Under 30 Days
29 Homes Were Sold
In 30 - 90 Days
31 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sevier County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 113 homes were sold in Sevier County; 46% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 27% 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.
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© 2024 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.