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.
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
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
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
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.