December 2024 Sevier County, TN Real Estate Market Update

Average Price during December was $738,808, down from November at $753,000.

Days on the market during the month of December was 95, a slight increase from November at 86 days and October at 82 days

With a rather large increase of 53% from December of of 2023 which sat at 62 days on the market.

 

Single Family Home sales saw a decrease of 39% during the month of December 2024, when compared to December 2023.

Average price of SFH during December was $781,914 down slightly from November 2024 at $783,544.

This is also a 4% decrease from December of 2023 at $821,997

Days on Market saw a another large increase to 131 days, up from 88 days, in November 2024.

DOM in December 2024 was 102% greater than DOM in December 2023 at 65 days.

 

Condos saw another decrease in sales price with an average of $281,166 in December 2024 compared to $294,225 in November of 2024.

This is a large decrease compared to an average sales price of $429,914 in Decemeber 2023.

We saw a decrease in Days on Market at 47 days in December 2024 compared to 54 days on market in November 2024.

Year over Year Days on Market saw an 81% increase — from 26 days in December 2023 to 47 days in December 2024.

 

 

Lots/land saw a increase in Average Price at $137,033 compared to $111,280 in November 2024.

Days on market also saw a decreased year over year, sitting at 159 days in December 2024 from 392 days in December 2023.