Sevierville, TN metro area Housing Market

Cold Market

Comprehensive housing market data for the Sevierville, TN metro area metro area. Track home prices, inventory, days on market, and competition — updated monthly for real estate investors.

Data period: March 2026

Median Sale Price

$505K

1.5% YoY

Days on Market

75 days

29.2% YoY

Active Inventory

1,834

12.2% YoY

Homes Sold

144

20.0% YoY

Cold Market

Inventory is high and homes are sitting longer — a buyer's market.

Sevierville, TN metro area Market Summary

The Sevierville, TN metro area housing market is cooling down. As of March 2026, the median home sale price is $505K, up 1.5% year-over-year. Homes are spending a median of 75 days on the market, 29.2% shorter than a year ago.

There are 1,834 homes for sale — 12.2% more than last year. With 12.7 months of supply, this is a buyer's market. 549 new listings were added during this period, up 22.3% year-over-year.

Homes are selling for 96.0% of their list price on average, suggesting room for negotiation. 10.4% of homes sell above their asking price. 29.9% of listings have had a price drop.

Market Opportunity Score

Based on current market conditions

93

Contributing Factors

Months of Supply 12.7
Days on Market 75
Price Drops 29.9%
Sale-to-List Ratio 96.0%
Market Temperature Cold

How This Market Compares

vs. National Median

Median Price (National: $437K) 15.6%
Days on Market (National: 55) 36.4%
Inventory (National: 1,314,690) 99.9%

vs. Tennessee Median

Median Price (Tennessee: $393K) 28.4%
Days on Market (Tennessee: 86) 12.8%

Investor Takeaway

The cooling market may present buying opportunities with less competition and more negotiating leverage. High inventory relative to sales pace means buyers have options and sellers may be flexible on price. A significant share of sellers are cutting prices, which can signal motivated sellers and potential deals.

Sevierville, TN metro area Market Trends

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Detailed Market Metrics

Median List Price

$600K

Price per Sq Ft

$302

Sale-to-List Ratio

96.0%

Months of Supply

12.7

Sold Above List

10.4%

Price Drops

29.9%

New Listings

549

22.3% YoY

Pending Sales

225

Off Market in 2 Weeks

28.0%

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Housing market data provided by Redfin, a national real estate brokerage. Not financial advice. Always consult a qualified professional before making investment decisions.