Is Sevierville, 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, Sevierville was a Seller's Market.
Housing Prices in Sevierville, TN
How much do homes in Sevierville, TN cost?
Median Sold Price
$485,000
$290/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Sevierville was $485,000 in April 2024, down 2.9% from last year, and the median price per square foot was $290.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $465K | $409K | -12.0% |
2 Bedrooms | $533.5K | $452.5K | -15.2% |
3 Bedrooms | $435.8K | $450K | +3.2% |
4 Bedrooms | $785.1K | $879K | +12.0% |
5+ Bedrooms | $1.1M | $1.2M | +5.3% |
Summary: Sevierville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 12%, 2 bedroom homes decreased by 15.2%, 3 bedroom homes increased by 3.2%, 4 bedroom homes increased by 12%, and 5+ bedroom homes increased by 5.3%.
Median Sold Price Compared To Nearby Cities
Kodak | $360.9K | $409.9K | +13.6% |
Pigeon Forge | $525K | $555K | +5.7% |
Sevierville | $499.7K | $485K | -2.9% |
Housing Supply in Sevierville, TN
How many homes are available in Sevierville, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
618 | 694 | +12.3% |
Summary: The Sevierville real estate market had 694 homes for sale in April 2024, a 12.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 64 | 80 | +25.0% |
2 Bedrooms | 163 | 189 | +16.0% |
3 Bedrooms | 231 | 250 | +8.2% |
4 Bedrooms | 99 | 111 | +12.1% |
5+ Bedrooms | 61 | 64 | +4.9% |
Summary: The Sevierville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 16%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 12.1%, and 5+ bedroom homes increased by 4.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
74 | 55 | -25.7% |
Asking Price vs. Sold Price
45 Homes Were Sold
Under Asking
8 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 55 homes were sold or pending in Sevierville in April 2024, down by 25.7% month-over-month. Of the 55 sold homes, 82% were sold under asking, 15% were sold at asking, and 4% were sold over asking.
Days on Market for Sevierville, TN
How long does it take to sell a home in Sevierville, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
66 Days | 52 Days | -21.7% |
Summary: Homes in Sevierville had an average of 52 days on market in Apr 2024, down by 21.7% compared to last year.
Breakdown of Home Sale Times
26 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Summary: During April 2024, 55 homes were sold in Sevierville; 47% of homes were sold within 30 days, 35% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.