Homes
We saw a sizable drop in Average Price this month, to $585,159, down from $653,433.
This is a large change from July 2023, where average price sat at $711,659.
January 2024 – $685,047
February 2024 – $689,422
March 2024 – $926,103
April 2024 – $693,604
May 2024 – $679,333
June 2024 – $653,433
July 2024 – $585,159
Days on market during the month of July were 59 days, this is very close to the average days on market in June, at 51 days.
January 2024 – 82
February 2024 – 64
March 2024 – 46
April 2024 – 80
May 2024 – 100
June 2024 – 51
July 2024 – 59
Price per square foot saw a decrease to $347 during the month of July, down $391 in June 2024.
Land
he average price for land/lots during July was $269, 906, which is a large increase from June at $135,543.
*This may be due to the 4 parcels that sold during July over $900,000.
Lots that sold in June spent an average of 120 days on the market, up from 99 days on market in June.
Sevier County Real Estate Trends 2020 until now:
This graph shows the months of inventory. Months’ supply refers to the number of months it would take for the current inventory of homes on the market to sell given the current sales pace.
This graph shows the number of listings — new, active, and sold.
This graph shows the average days on market.