Check out the market report for April!
Total residential average price rose by 72% while average days on market decreased by 33% in 2021 compared to 2020.
Check out the graphs depicting the average price growth during 2021.
January 2021 Sevier County, TN Real Estate Market Statistics
Residential Summary
- Residential sales increase 23%
- Average Price increased 36%
- Days on Market decreased by 27%
Land Summary
- Land sales increased by 93%
- Average Price increased by 72%
- Days on Market increased 11%
2020 Market Statistics For Sevierville
2020 Year-End Real Estate Market Statistics specific to residential sales in Sevierville.
Average Price per Square Foot
Note the increase during the last quarter of the year.
Days on Market
Notice the drastic drop during November and December.
2020 Market Statistics For Pigeon Forge
2020 Year-End Real Estate Market Statistics specific to residential sales in Pigeon Forge
Average Price per Square Foot
Notice the spike in average price per square foot during March and September.
Average price stayed between $180 and $220 throughout the remainder of the year.
Days on Market
Days on market dipped from February to May and peaked during October and November.
2020 Year-End Real Estate Market Statistics specific to residential sales in Gatlinburg
Gatlinburg Information
Average Price
Despite the outlier in June – notice the increase during the 4th quarter.
Days on Market
Despite the outlier in July – days on market stayed relatively close to 100 days during 2020.
December 2020 Market Statistics
Below is the market report for December. Next week we’ll share a year-end report. The year-end report will provide yearly graphs focusing on days on market and average price.
Residential
Land
November 2020 Market Report
Residential
Average price has risen by 24% and by approximately $75,000 year to date.
Land
Average price in Chalet Village is up by 22% month over month.
October Market Report
There have only been 19 more transactions from January to October in 2020 than during the same period of time in 2019. The volume for the year is up 116 Million dollars, raising the average price by 22%.
Land
The volume of land sold for the year is up by eight million dollars, October accounted for five million of that increase. So far this year, land values on Bluff Mountain have increased by 137% and increased by 46% in Wears Valley.
Sevier County, TN Real Estate Market Movement During September 2020
Below is information about our market’s movement during the month of September. Notice that average price continues to increase, +28% for single family homes and is flat for land, while we continue to decline in inventory.
“Pending home sales continued with upward momentum in August. According to the National Association of REALTORS® (NAR), pending home sales for the month marked four consecutive months of growth, with gains across all major regions in both month-over-month and year-over-year transactions.
NAR’s Pending Home Sales Index (PHSI) rose 8.8 percent to 132.8 in August, with YoY contract signings increasing 24.2 percent.”
You can read the full National Association of REALTORS® (NAR) article here.
Prices are high and inventory is low, if you are think now might be the time to sell we’d love to help you determine the value of your property.
Residential
Land
Market Movement During August 2020
Below is information about our market’s movement during the month of August. Notice that average price continues to increase, +13% for single family homes and +5% for land, while we continue to decline in inventory.
Prices are high and inventory is low, if you are think now might be the time to sell we’d love to help you determine the value of your property.
