Each year, we step back and look at what actually happened in the Smoky Mountain real estate market.
This recap compares 2024 and 2025 market performance specifically around pricing and days on market.
If you’d like to further look at an overall recap of 2025, read this blog, and if you’d like to learn more about bedroom count and market behavior, read this blog post.
Residential Sale Prices: Stability, Not Swings
Residential sale prices in 2025 closely mirrored 2024 levels.
While both years experienced normal month-to-month variation, pricing stayed within a relatively tight range. There were no sustained price run-ups and no broad declines over the course of the year.
Notably, the sharper volatility seen in parts of 2023 did not reappear in either 2024 or 2025. From a year-over-year perspective, 2025 reflected pricing stability rather than appreciation or contraction.
Residential Days on Market: Gradual Normalization
Average days on market for residential properties increased in 2025 compared to 2024.
Homes generally took longer to sell, but the shift was gradual, the increase occurred across multiple months.
Importantly, even with longer timelines, residential properties continued to move.
Land Sale Prices: Ongoing Volatility
Land pricing behaved very differently than residential pricing.
Average land sale prices fluctuated widely throughout both 2024 and 2025. Monthly averages were heavily influenced by the specific parcels that closed during each period, resulting in sharp month-to-month changes without a consistent upward or downward trend.
This pattern was not new. Similar volatility was present in 2023 and continued through both subsequent years, reinforcing how transaction-specific land pricing can be in the Smokies.
Land Days on Market: Consistently Extended
Land continued to record the highest and most variable days on market across all years reviewed.
In 2025, land listings routinely remained active for extended periods, with significant variation from month to month. This behavior closely mirrored 2024 and aligned with the longer-term trend established in 2023.
Unlike residential properties, there was no compression in land selling timelines year over year. Land consistently required substantially more time to sell.
Year-Over-Year Summary
When comparing 2024 and 2025:
- Residential prices remained largely unchanged
- Residential days on market increased modestly
- Land prices fluctuated without a sustained trend
- Land days on market remained elevated and inconsistent
The 2025 Smoky Mountain real estate market reflected continuation rather than disruption.
Residential pricing held steady, sales timelines lengthened modestly, and land continued to behave independently, driven by parcel-specific factors rather than broad market momentum.
For buyers, sellers, and investors, this type of market underscores the importance of property-level analysis.
As always, we’ll continue tracking the data and sharing what it actually shows so you can make informed decisions rooted in the reality of our local market.
Interested in buying or selling in the Smokies, contact us!