Is Gatlinburg, TN 37738 a buyer’s or seller’s market?
Gatlinburg is a buyer’s market. With about 13.8 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 5% of U.S. ZIP codes, and #277 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Gatlinburg housing market right now
In the three months ending August 31, 2026, 7% of homes in Gatlinburg, TN 37738 sold above their list price, the typical home went under contract in 59 days and there were 13.8 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 109 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (7% then), homes sold faster (81 days then) and the median sale price fell 8% to $502,283. Overall, Gatlinburg is more competitive than a year ago, so tougher for buyers.
Within Sevier County, homes here sell faster, and less often over asking, than in any other ZIP code in the county. On our competition score, Gatlinburg ranks #277 of 299 TN ZIP codes with enough sales (score 12 out of 100).
Nearby, Sevierville 37876 (13% sold over asking) and Kodak 37764 (12% sold over asking) are even more competitive.
Run the numbers for 37738
Nearby markets
Kodak 37764Seller’s market $199 /sq ftPigeon Forge 37863Buyer’s market $340 /sq ftSevierville 37862Buyer’s market $322 /sq ftSevierville 37876Buyer’s market $275 /sq ft Browse all markets →Towns like Gatlinburg nearby
Find towns like Gatlinburg in other states →Where Gatlinburg is
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Questions about Gatlinburg real estate
Is Gatlinburg a buyer’s or seller’s market?
A buyer’s market: there were 13.8 months of supply in Gatlinburg, TN 37738 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Gatlinburg?
The typical home went under contract in 59 days in the latest three months.
Do homes in Gatlinburg sell over asking?
7% of homes sold above their original list price, and the typical sale closed at 96.1% of the list price.
What are property taxes in Gatlinburg?
About 0.28% of a home’s value a year in Sevier County, or roughly $1,120 on a $400,000 home.
What is the median home price in Gatlinburg?
The median sale price was $502,283 in the three months ending August 31, 2026, about $361 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology