Is Pigeon Forge, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Pigeon Forge was a Seller's Market.
Housing Prices in Pigeon Forge, TN
How much do homes in Pigeon Forge, TN cost?
Median Sold Price
$555,000
$366/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Pigeon Forge was $555,000 in May 2024, up 9.1% from last year, and the median price per square foot was $366.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $362.5K | $333.7K | -7.9% |
2 Bedrooms | $457.5K | $450K | -1.6% |
3 Bedrooms | $470K | $500K | +6.4% |
4 Bedrooms | $999.4K | $896K | -10.4% |
5+ Bedrooms | $1.3M | $950K | -28.2% |
Summary: Pigeon Forge housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.9%, 2 bedroom homes decreased by 1.6%, 3 bedroom homes increased by 6.4%, 4 bedroom homes decreased by 10.4%, and 5+ bedroom homes decreased by 28.2%.
Median Sold Price Compared To Nearby Cities
Pigeon Forge | $508.5K | $555K | +9.1% |
Sevierville | $490K | $483.8K | -1.3% |
Housing Supply in Pigeon Forge, TN
How many homes are available in Pigeon Forge, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
109 | 129 | +18.3% |
Summary: The Pigeon Forge real estate market had 129 homes for sale in May 2024, a 18.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 8 | 10 | +25.0% |
2 Bedrooms | 42 | 50 | +19.0% |
3 Bedrooms | 18 | 25 | +38.9% |
4 Bedrooms | 23 | 22 | -4.3% |
5+ Bedrooms | 18 | 22 | +22.2% |
Summary: The Pigeon Forge housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 25%, 2 bedroom homes increased by 19%, 3 bedroom homes increased by 38.9%, 4 bedroom homes decreased by 4.3%, and 5+ bedroom homes increased by 22.2%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
11 | 13 | +18.2% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 13 homes were sold or pending in Pigeon Forge in May 2024, up by 18.2% month-over-month. Of the 13 sold homes, 85% were sold under asking, 15% 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
May 2023 | May 2024 | CHANGE |
---|---|---|
8 Days | 62 Days | +647.6% |
Summary: Homes in Pigeon Forge had an average of 62 days on market in May 2024, up by 647.6% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During May 2024, 13 homes were sold in Pigeon Forge; 46% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.