$3,918 Closing Credit*
$329,900
1,408 SqFt
2 Beds
•2 Full Baths
Listing Office: The Ferguson Company
Is Pigeon Forge, 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, Pigeon Forge was a Seller's Market.
Key Takeaway
Pigeon Forge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Pigeon Forge, TN
How much do homes in Pigeon Forge, TN cost?
Median Sold Price
$550,009
$352/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$5,009(+0.9%)
Key Takeaway
Homes in Pigeon Forge have sold for 0.9% more than they did a year ago.
Summary: The median home sold price in Pigeon Forge was $550,009 in October 2024, up 0.9% from last year, and the median price per square foot was $352.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $300K | $372K | +24.0% |
| 2 Bedrooms | $434.9K | $432.5K | -0.6% |
| 3 Bedrooms | $500K | $515K | +3.0% |
| 4 Bedrooms | $864K | $950K | +10.0% |
| 5+ Bedrooms | $949.9K | $950K | 0.0% |
Summary: Pigeon Forge housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes increased by 24%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 3%, 4 bedroom homes increased by 10%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Sevierville | $475K | $486K | +2.3% |
| Pigeon Forge | $545K | $550K | +0.9% |
Housing Supply in Pigeon Forge, TN
How many homes are available in Pigeon Forge, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 104 | 109 | +4.8% |
Summary: The Pigeon Forge real estate market had 109 homes for sale in October 2024, a 4.8% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 12 | 11 | -8.3% |
| 2 Bedrooms | 37 | 39 | +5.4% |
| 3 Bedrooms | 30 | 31 | +3.3% |
| 4 Bedrooms | 14 | 17 | +21.4% |
| 5+ Bedrooms | 11 | 11 | 0.0% |
Summary: The Pigeon Forge housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 8.3%, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 3.3%, 4 bedroom homes increased by 21.4%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 9 | 11 | +22.2% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Pigeon Forge, you may be able to get a good deal. 81.8% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Pigeon Forge in October 2024, up by 22.2% month-over-month. Of the 11 sold homes, 82% were sold under asking, 0% were sold at asking, and 18% were sold over asking.
Days on Market for Pigeon Forge, TN
How long does it take to sell a home in Pigeon Forge, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 46 Days | 74 Days | +60.5% |
Summary: Homes in Pigeon Forge had an average of 74 days on market in Oct 2024, up by 60.5% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Pigeon Forge are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 11 homes were sold in Pigeon Forge; 36% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 36% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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