Homes

• We saw a slight decrease in Average days on Market, from 112 days to 101 days.
• Price per square foot saw an increase from $329.83 in December 2021 to $364.29 in January 2022.
• 73 less homes sold during January than in December 2021.
• Average Price saw another increase – Homes sold for an average of $669,725 in January compared to $643,420.

 

 

Land

• 79 pieces of land sold during January.
• Average price saw another increase from $116,425 during the month of December, to $144,892 in January
• Days on market saw a slight increase from 133 days in December to 171 days in January.

2021 Real Estate Market Statistics – Gatlinburg, Pigeon Forge, Sevierville

Below you will find statistics for Gatlinburg, Pigeon Forge, and Sevierville separated by bedroom!

 

2021 Real Estate Market Statistics – Gatlinburg

One Bedroom

We began the year with an average sales price of $311,558 and ended the year at an average price of $408,171.00. For a total increase of $96,613.

We began the year at $317.80 a square foot and ended the year at $452.17 a square foot. For a total increase of $134.37 per square foot.

 

We began the year at 46 days on market and ended the year at 70 days on market. For a total increase of 24 days.

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Two Bedroom

We began the year with an average sales price of $405,956.00 and ended the year at an average price of $491,147. For a total increase of $85,191.

 

We began the year at $278.43 a square foot and ended the year at $351.29 a square foot. For a total increase of $72.86 per square foot.

 

We began the year at 31 days on market and ended the year at 31 days on market. For a total increase of 53 days.

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Three Bedroom

We began the year with an average sales price of $516,184 and ended the year at an average price of $679,552. For a total increase of $163,368.

 

We began the year at $260 a square foot and ended the year at $310 a square foot. For a total increase of $51 per square foot.

 

We began the year at 80 days on market and ended the year at 103 days on market. For a total increase of 23 days.

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Four Bedroom

We began the year with an average sales price of $849,567 and ended the year at an average price of $762,303. For a total increase of $87,264.

 

We began the year at $284 a square foot and ended the year at $289 a square foot. For a total increase of $5 per square foot.

 

We began the year at 74 days on market and ended the year at 154 days on market. For a total increase of 80 days.

 

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Five+ Bedroom

We began the year with an average sales price of  $932,164 and ended the year at an average price of $1,339,262. For a total increase of $407,098.

 

We began the year at $237 a square foot and ended the year at $334 a square foot. For a total increase of $97 per square foot.

 

We began the year at 41 days on market and ended the year at 113 days on market. For a total increase of 72 days.

 

2021 Real Estate Market Statistics – Pigeon Forge

One Bedroom

We began the year with an average sales price of $350,973 and ended the year at an average price of $439,286. For a total increase of $88,313.

We began the year at $346 a square foot and ended the year at $431 a square foot. For a total increase of $84 per square foot.

We began the year at 42days on market and ended the year at 64 days on market. For a total increase of 22 days.

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Two Bedroom

We began the year with an average sales price of $393,243 and ended the year at an average price of $527,686 For a total increase of $134,443.

We began the year at $278 a square foot and ended the year at $346 a square foot. For a total increase of $68 per square foot.

 

We began the year at 46 days on market and ended the year at 86 days on market. For a total increase of 40 days.

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Three Bedroom

We began the year with an average sales price of $510,142 and ended the year at an average price of $734,256. For a total increase of $224,114.

We began the year at $239 a square foot and ended the year at $313 a square foot. For a total increase of $74 per square foot.

We began the year at 90 days on market and ended the year at 104 days on market. For a total increase of 14 days.

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Four Bedroom

We began the year with an average sales price of $677,152 and ended the year at an average price of $935,960. For a total increase of $258,808.

We began the year at $244 a square foot and ended the year at $331 a square foot. For a total increase of $87 per square foot.

We began the year at 89 days on market and ended the year at 198 days on market. For a total increase of 109 days.

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Five+ Bedroom

We began the year with an average sales price of $770,025 and ended the year at an average price of $1,303,848. For a total increase of $533,823.

We began the year at $211 a square foot and ended the year at $321 a square foot. For a total increase of $110 per square foot.

We began the year at 129 days on market and ended the year at 139 days on market. For a total increase of 10 days.

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2021 Real Estate Market Statistics – Sevierville

One Bedroom

We began the year with an average sales price of $303,200 and ended the year at an average price of $375,837. For a total increase of $72,637.

 

We began the year at $293 a square foot and ended the year at $400 a square foot. For a total increase of $108per square foot.

 

We began the year at 27 days on market and ended the year at 82 days on market. For a total increase of 55 days.

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Two Bedroom

We began the year with an average sales price of $380,764 and ended the year at an average price of $468,094. For a total increase of $87,330.

 

We began the year at $249.84 a square foot and ended the year at $329.54 a square foot. For a total increase of $80 per square foot.

 

We began the year at 69 days on market and ended the year at 81 days on market. For a total increase of 12 days.

 

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Three Bedroom

We began the year with an average sales price of $376,368 and ended the year at an average price of $471,751. For a total increase of $95,383.

 

We began the year at $173 a square foot and ended the year at $223 a square foot. For a total increase of $50 per square foot.

We began the year at 81 days on market and ended the year at 87 days on market. For a total increase of 6 days.

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Four Bedroom

We began the year with an average sales price of $581,324 and ended the year at an average price of$663,543. For a total increase of $82,219.

We began the year at $198 a square foot and ended the year at $236 a square foot. For a total increase of $38 per square foot.

We began the year at 134 days on market and ended the year at 90 days on market. For a total decrease of 44 days.

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Five+ Bedroom

We began the year with an average sales price of $1,092,500 and ended the year at an average price of $1,410,662. For a total increase of $318,162.

We began the year at $229 a square foot and ended the year at $305 a square foot. For a total increase of $76 per square foot.

 

We began the year at 112 days on market and ended the year at 151 days on market. We saw a dip during the second and third quarters, but ended the year with an increase of 39 days.

Average list to Sale Price

We began the year with an average sales price of $465,516 and ended the year at an average price of $648,794. 

For a total increase of $183,278. 

 

 

Price per Square Foot 

We began the year at $227.78 a square foot and ended the year at $328.44 a square foot. 

For a total increase of $100 per square foot. 

We saw a consistent increase each month, except for the dip in October. 

 

 

Average Days on Market 

We began the year at 83 days on market and ended the year at 112 days on market. 

For a total increase of 29 days. 

We saw days on market dip under 80 days February through May, then we saw an uptick to 90+ days from September through November. Homes spend a considerable longer time on the market in December.

Homes

• We saw an increase in Average days on Market, up from 91 days to 112 days.
• Price per square foot saw a small increase from $320.44 in November 2021 to $329.83 in December 2021.
• 27 more homes sold in December than in November.
• Average Price rebounded with a punch – Homes sold for an average of $643,420 this month, up from $578,046 in November and $608,798 in October.

 

Land

• 90 pieces of land sold during December
• Average price saw another slight increase from $100,247 to $116,425 during the month of December.
• Days on market saw a large reduction from 203 days in November to 133 days in December.

 

November Market Report

• Average days on Market are holding steady at 91 days, down 7 days from 2020.
• Price per square foot saw a slight increase from $288.40 in October 2021 to $320.44 November 2021, up 54% from last November.
• 20 more homes sold in this year in November, than last year in November, from 235 to 255.
• Average Price saw a slight reduction from $608,798 to $578,046 from October to November – we’ll keep a close eye on this and report back next month to let you know if we continue to see a trend. Average price is up 47% from last year!

 

 

 

 

Land

• The number of land sales fell from 78 during November of 2020 to 59 in November 2021.
• Average price saw a slight decrease, from $107,935 to $100,247.
• Days on market saw a 30% reduction from last year at 289 days to 203 days in November.