Pigeon Forge Housing Market Report January 2025•Sevier County, Tennessee

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Housing Prices in Pigeon Forge, TN

How much do homes in Pigeon Forge, TN cost?

Housing Market Conditions

Is Pigeon Forge, TN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Pigeon Forge is a Buyer's Market

Difference Since January 2024

At the same time last year, Pigeon Forge was a Seller's Market.

Insight

Pigeon Forge is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$540,000$349/SqFt
-$333
-0.1%

Based on all homes sold in the last 12 months

Insight

The sold price of homes in Pigeon Forge has remained the same since last year.

Summary: The median home sold price in Pigeon Forge was $540,000 in January 2025, down 0.1% from last year, and the median price per square foot was $349.

Median Sold Price By Cities

Median Sold 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
Pigeon Forge
-0.1%
Sevierville
-6.5%

Median Sold Price By Bedrooms

Median Sold 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.
BedsJan 2024Jan 2025Change YoY
1$362.5K$375K
+3.4%
2$450K$430K
-4.4%
3$490K$632.5K
+29.1%
4$850K$815K
-4.1%
5$959.9K$1.0M
+7.8%

Summary: Pigeon Forge housing price by bedroom type for January 2025, compared to the previous year. The home price for 1 bedroom homes increased by +3.4%. The home price for 2 bedroom homes decreased by -4.4%. The home price for 3 bedroom homes increased by +29.1%. The home price for 4 bedroom homes decreased by -4.1%. The home price for 5 bedroom homes increased by +7.8%.

Housing supply in Pigeon Forge, TN

How many homes are available in Pigeon Forge, 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
183Last MonthJan 2025
1762 months agoDec 2024
+4.0 %
Change MoMDec – Jan

Summary: The Pigeon Forge real estate market had 183 homes for sale in Jan 2025, a 4.0 % increase compared to Dec 2024.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
17Last MonthJan 2025
312 months agoDec 2024
-45.2 %
Change MoMDec – Jan

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.
BedsDec 2024Jan 2025Change MoM
11418
+28.6%
27577
+2.7%
33737
0.0%
42123
+9.5%
52928
-3.4%

Summary: Pigeon Forge housing inventory by bedroom type for January 2025, compared to the previous month. The inventory for 1 bedroom homes increased by +28.6%. The inventory for 2 bedroom homes increased by +2.7%. The inventory for 3 bedroom homes remained the same. The inventory for 4 bedroom homes increased by +9.5%. The inventory for 5 bedroom homes decreased by -3.4%.

Asking Price vs. Sold Price

How much do homes in Pigeon Forge, 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 Price3 Homes

At Asking Price1 Home

Under Asking Price13 Homes

Insight

If you're buying a home in Pigeon Forge, you may be able to get a good deal. 76.5% of homes here sold below asking price last month.

Summary: A total of 17 homes were sold or pending in Pigeon Forge in January 2025, down by 45.2% month-over-month. Of the 17 sold homes, 76% were sold under asking, 6% were sold at asking, and 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?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days3 Homes

Over 90 Days5 Homes

Insight

Most homes in Pigeon Forge are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2025, 17 homes were sold in Pigeon Forge; 18% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 29% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
66 DaysThis YearJan 2025
102 Days1 year agoJan 2024
-34.8 %
Change YoYJan 2024 – Jan 2025

Summary: Homes in Pigeon Forge had an average listing age of 66 days in Jan 2025, down by 34.8% compared to the previous year.

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Newest Listings in Pigeon Forge, TN

What homes are available in Pigeon Forge, TN?

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Nearby markets

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MLS Disclaimers and Copyright

Based on information from Great Smoky Mountains MLS, East Tennessee REALTORS® MLS, Lakeway Area Association of Realtors MLS, Stellar MLS, and Tennessee Virginia Regional MLS for the period 02/01/2023 - 02/01/2025

Copyright Great Smoky Mountains Association of REALTORS ® & MLS. All rights reserved. Information is deemed reliable but not guaranteed. The information being provided is 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.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 9:15:58 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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: 2/20/2025, 9:20:57 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: 2/20/2025, 9:15:59 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX Listings courtesy of Stellar MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS.

IDX Copyright 2025 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/20/2025, 9:19:52 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. 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. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2025 Tennessee Virginia Regional MLS. 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: 2/20/2025, 9:20:55 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.