Cumberland Gap Housing Market Report February 2025•Claiborne County, Tennessee

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Housing Prices in Cumberland Gap, TN

How much do homes in Cumberland Gap, TN cost?

Median List Price

Median List Price
This is the middle price for which all homes in a given area are listed. Half of all the homes sold were below this price, and half were above.
$279,900$145/SqFt
+$70,000
+33.3%

Based on all homes listed in the last 12 months

Insight

The list price of homes in Cumberland Gap has increased by 33.3% since last year.

Summary: The median home list price in Cumberland Gap was $279,900 in February 2025, up 33.3% from the previous year, and the median price per square foot was $145.

Median List Price By Cities

Median List Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Ewing
+33.6%
Cumberland Gap
+33.3%
Harrogate
+11.1%

Median List Price By Bedrooms

Median List Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsFeb 2024Feb 2025Change YoY
1--
N/A
2$165K$223.6K
+35.5%
3$277.4K$279.9K
+0.9%
4$219.9K$369.5K
+68.0%
5--
N/A

Summary: Cumberland Gap housing price by bedroom type for February 2025, compared to the previous year. The home price for 1 bedroom homes did not change. The home price for 2 bedroom homes increased by +35.5%. The home price for 3 bedroom homes increased by +0.9%. The home price for 4 bedroom homes increased by +68.0%. The home price for 5 bedroom homes did not change.

Housing supply in Cumberland Gap, TN

How many homes are available in Cumberland Gap, TN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
11Last MonthFeb 2025
82 months agoJan 2025
+37.5 %
Change MoMJan – Feb

Summary: The Cumberland Gap real estate market had 11 homes for sale in Feb 2025, a 37.5 % increase compared to Jan 2025.

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsJan 2025Feb 2025Change MoM
100
0.0%
211
0.0%
369
+50.0%
411
0.0%
500
0.0%

Summary: Cumberland Gap housing inventory by bedroom type for February 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes remained the same. The inventory for 3 bedroom homes increased by +50.0%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes remained the same.

Asking Price vs. Sold Price

How much do homes in Cumberland Gap, TN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price0 Home

At Asking Price0 Home

Under Asking Price1 Home

Insight

If you're buying a home in Cumberland Gap, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 1 homes were sold or pending in Cumberland Gap in February 2025, up by 100.0% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% were sold at asking, and and 0% were sold over asking.

Days on Market for Cumberland Gap, TN

How long does it take to sell a home in Cumberland Gap, TN?

Breakdown of Home Sale Times

Under 30 Days1 Home

30 – 90 Days0 Home

Over 90 Days0 Home

Insight

Many homes in Cumberland Gap are selling fast, if you're buying plan to act quickly.

Summary: During February 2025, 1 homes were sold in Cumberland Gap; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Average Listing Age

Average Listing Age
This is the average number of days an active home has been on the market.
This Year1 year agoChange YoY
121 DaysThis YearFeb 2025
166 Days1 year agoFeb 2024
-26.9 %
Change YoYFeb 2024 – Feb 2025

Summary: Homes in Cumberland Gap had an average listing age of 121 days in Feb 2025, down by 26.9% compared to the previous year.

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Newest Listings in Cumberland Gap, TN

What homes are available in Cumberland Gap, TN?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from East Tennessee REALTORS® MLS, and Lakeway Area Association of Realtors MLS for the period 03/01/2023 - 03/01/2025

IDX 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 Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Copyright © 2025 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 8:20:56 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listing information provided in part by the Lakeway Area Association of Realtors for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. The information listed is from sources believed reliable but is not guaranteed, and is subject to change without notice.

Copyright © Lakeway Area Association of Realtors 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 8:16:00 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.