$10,000 Closing Credit*
$1,250,000
2,552 SqFt
4 Beds
•3 Full Baths
Listing Office: Century 21 MVP
Is Gatlinburg, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Gatlinburg was a Seller's Market.
Key Takeaway
Gatlinburg is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Gatlinburg, TN
How much do homes in Gatlinburg, TN cost?
Median Sold Price
$635,715
$400/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$48,215(+8.2%)
Key Takeaway
Homes in Gatlinburg have sold for 8.2% more than they did a year ago.
Summary: The median home sold price in Gatlinburg was $635,715 in October 2024, up 8.2% from last year, and the median price per square foot was $400.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $285.5K | $390K | +36.6% |
| 2 Bedrooms | $495.5K | $457.9K | -7.6% |
| 3 Bedrooms | $862.5K | $829K | -3.9% |
| 4 Bedrooms | $902.5K | $1.0M | +17.7% |
| 5+ Bedrooms | $1.5M | $1.2M | -23.8% |
Summary: Gatlinburg housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 36.6%, 2 bedroom homes decreased by 7.6%, 3 bedroom homes decreased by 3.9%, 4 bedroom homes increased by 17.7%, and 5+ bedroom homes decreased by 23.8%.
Housing Supply in Gatlinburg, TN
How many homes are available in Gatlinburg, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 182 | 202 | +11.0% |
Summary: The Gatlinburg real estate market had 202 homes for sale in October 2024, a 11.0% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 22 | +37.5% |
| 2 Bedrooms | 59 | 66 | +11.9% |
| 3 Bedrooms | 55 | 56 | +1.8% |
| 4 Bedrooms | 26 | 28 | +7.7% |
| 5+ Bedrooms | 26 | 30 | +15.4% |
Summary: The Gatlinburg housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 37.5%, 2 bedroom homes increased by 11.9%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes increased by 15.4%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 13 | 5 | -61.5% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Gatlinburg, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Gatlinburg in October 2024, down by 61.5% month-over-month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Gatlinburg, TN
How long does it take to sell a home in Gatlinburg, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 81 Days | 89 Days | +8.6% |
Summary: Homes in Gatlinburg had an average of 89 days on market in Oct 2024, up by 8.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Gatlinburg are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Gatlinburg; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.
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Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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Based on information from the Georgia MLS © 2024. 
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