Average price saw a decrease to $653,686 from $698,263 in March.Average price has stayed between $641,572 to $753,033 this year. 

Time on market saw a bit of an increase to 73 days for homes that sold during April. Days on the market has been between 60 and 77 days on the market this year. 

Price per square foot saw a decrease to $358 per square foot. Price per square foot has been between $358 and $401 this year. 

 

 

LAND:

The average price for land/lots saw a decrease in price to $95,263 from March’s price at $161,225.

Lots that sold in April spent an average of 144 days on market, which is very similar to March 2022 where lots spent an average of 141 days on the market. 

 

Average price saw an increase to $698,263, down from $713,446 in March of 2022.

• February 2023 – $641,572
• January 2023 – $735,033
• December 2022 – $829,234

Properties spent an average of 60 days on the market, down from 70 in March of 2022.

• February 2023 – 77
• January 2023 – 68

Price per square foot saw another slight increase to $401 per square foot, which is higher this year, than in March of 2022 where it sat at $390.

• February 2023 – $395
• January 2023 – $373
• December 2022 – $369

 

Sevier County Market Statistics for Land

The average price for land/lots saw an increase to $161,225, up from $118.394 in February, and 56% higher than last March’s average price, which was $103,213.

The average days on market saw a decrease to 175, up on 4% to last March at 168 days on the market.

Homes

We saw another large drop in average price to $641,572, down $735,033 in Janaury 2023 and $829,234 in December 2022.

Properties spent an average of 77 days on the market, a slight increase from 68 days on the market in January 2023.

Price per square foot saw another slight increase to $395 per square foot in February 2023, up from $373 in January 2023 and $369 in December 2022.

The average price for land/lots saw an decrease to $118.394, a

 

Land

The average price for land/lots saw an decrease to $118.394, a decrease from $158,542 in January 2023, but higher than the average price in December 2022 at $102,244. The average days on market saw a large increase to 292 days.

 

 

Sevier County Market Statistics for Homes

The average price during the month of January 2023 was $735,033 a substantial drop from the average price of $829,234 in December 2022.

Properties spent an average of 68 days on the market in January 2023, down from 78 days on the maket during the month of December 2022.

Price per square foot saw a slight increase from $369 in December 2022 to $373 in January 2023.

Sevier County Market Statistics for Land

The average price for land/lots saw an increase to $158,542 in January 2023 from just above $102,244 in December 2022.

The average days on market decreased from 160 days in December 2022 to 132 in January 2023.

 

 

A snapshot of average home prices in 2022.

 

A snapshot of days on market in 2022.

This week we segmented certain areas of the market to provide specific market statistics for those areas.
Below you’ll find market statistics for Condos and Single Family Homes in Gatlinburg and Pigeon Forge.

 

Condos in Gatlinburg

Average Price: $357,930
Average Reported Rental History: $42,697
Average Days on Market: 44
Average Price Per Square Foot: $384
Number of Units Sold: 64

 

Single Family Homes In Gatlinburg

Average Price: $818,501
Average Reported Rental History: $84,127
Average Days on Market: 56
Average Price Per Square Foot: $405
Number of Units Sold: 336

 

Condos in Pigeon Forge

Average Price: $397,794
Average Reported Rental History: $36,909
Average Days on Market: 44
Average Price Per Square Foot: $335
Number of Units Sold: 42

 

Single Family Homes in Pigeon Forge

Average Price: $787,740
Average Reported Rental History: $82,559
Average Days on Market: 44
Average Price Per Square Foot: $409
Number of Units Sold: 271

Homes in Sevier County, Tennessee

The average price during the month of December was $829,234 the highest price we’ve seen all year.

Properties spent an average of 78 days on the maket during the month of December, which was the same amount of time homes spent on the market in November, down from 85 days in October.

Price per square foot saw a decrease from $445 in November to $369 in December.

 

Land in Sevier County, Tennessee

The average price for land/lots in December is just above $102,244.

The average days on market saw a large increase to 160 days.

 

Read the past month’s market statistics for Sevier County, Tennessee here! 

Homes in Sevier County, Tennessee

The average price during the month of November was $785,613, up from $746,590 in October and $667,609 in September.

Properties spent an average of 78 days on the maket during te month of November, down from 85 days in October.

Price per square foot saw a jump from $379 to $445 during the month of November.

 

Land in Sevier County, Tennessee

The average price for land/lots in November is under 100,000 at $82,254.

The average days on market dropped below 100 this month, at 85 days.

Homes in Sevier County, Tennessee

The average price during the month of October in Sevier County, TN was $746,590, up from September’s average price of $667,609.

We’ve seen ups and downs in our average market this year, but they have continued to stay between $660,000 and $750,000. 

The average days on market in October was 85 days, up from last month at 75 days. 

Price per square foot saw a slight increase during October 2022 to $379, up from $372 in September. 

 

 

Land in Sevier County, Tennessee

The average price for land/lots in October in Sevier County, Tennessee was $207,162 – a large jump from September at $111,390. 

The average days on market saw a reduction from 137 days days on market in September to 106 days on market in October. 

Homes in Sevier County, Tennessee

The average price during the month of September in Sevier County, TN was $667,609, down from last month at $709,500.

The days on market this month saw a large jump this month to 75 – from 41 last month.

Price per square foot saw a slight reduction to $372 from $386 last month

 

Land in Sevier County, Tennessee

The average price for land/lots in September popped back above $100,000 to $111.390.

The average days on market was saw a large jump to 137 days to 88 days.

Condos in Pigeon Forge 

Total average price for condos in Pigeon Forge,TN for the first 7 months of 2022 is $385,359.

 

Average reported rental history of condos in Pigeon Forge or the first 7 months of 2022 is $47,413.

 

Average days on market of condos in Pigeon Forge or the first 7 months of 2022 is 38. 

 

Average price per square foot of condos in Pigeon Forge or the first 7 months of 2022 is $347.

 

 

Single Family Homes in Pigeon Forge 

Total average price for single family homes in Pigeon Forge, TN for the first 7 months of 2022 is $783,373.

 

Average reported rental history of single family homes in Pigeon Forge or the first 7 months of 2022 is $80,094.

 

Average days on market of single family homes in Pigeon Forge or the first 7 months of 2022 is 43.

 

Average price per square foot of single family homes in Pigeon Forge or the first 7 months of 2022 is $421.

 

See the Real Estate Market Statistics during the first 7 months of 2022 in Gatlinburg, Tennessee here!