Sevier County, TN Real Estate Market Update – September 2023

Homes in Sevier County, Tennessee

Average price saw a decrease to $690,994 during the month of August, which is a slight dip from July, but within the range we’ve seen through the year from $641,000 to $750,000.

Average home price in Gatlinburg, TN Year to date 2023 – $742,604
Average home price in Sevierville, TN Year to date 2023 – $666,828
Average home price in Pigeon Forge, TN Year to date 2023 – $601,402

Days on the market saw an fairly large decrease to 58 days on market, which falls within the range we’ve seen throughout the year from 55 days to 83 days.

Price per square foot saw an slight decrease to $371 from $378. We’ve seen a range of $358.72 to $401.65 this year.

 

Land in Sevier County, Tennessee

The average price for land/lots during the month of August was $134,661.

Lots that sold in August spent an average of 145 days on the market.