Is Pigeon Forge, TN 37863 a buyer’s or seller’s market?
Pigeon Forge is a buyer’s market. With about 10.6 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 3% of U.S. ZIP codes, and #289 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 Pigeon Forge housing market right now
In the three months ending August 31, 2026, 7% of homes in Pigeon Forge, TN 37863 sold above their list price, the typical home went under contract in 67 days and there were 10.6 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 76 home sales.
Compared with the same period a year earlier, the share selling over asking was about the same (6% then), homes sold faster (74 days then) and the median sale price fell 24% to $439,810. Overall, Pigeon Forge is more competitive than a year ago, so tougher for buyers.
Within Sevier County, homes here sell faster than in 60% of the county’s ZIP codes, and sell less often over asking than in 80%. On our competition score, Pigeon Forge ranks #289 of 299 TN ZIP codes with enough sales (score 9 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 37863
Nearby markets
Gatlinburg 37738Buyer’s market $361 /sq ftKodak 37764Seller’s market $199 /sq ftSevierville 37862Buyer’s market $322 /sq ftSevierville 37876Buyer’s market $275 /sq ft Browse all markets →Towns like Pigeon Forge nearby
Find towns like Pigeon Forge in other states →Where Pigeon Forge is
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Questions about Pigeon Forge real estate
Is Pigeon Forge a buyer’s or seller’s market?
A buyer’s market: there were 10.6 months of supply in Pigeon Forge, TN 37863 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 Pigeon Forge?
The typical home went under contract in 67 days in the latest three months.
Do homes in Pigeon Forge sell over asking?
7% of homes sold above their original list price, and the typical sale closed at 95.2% of the list price.
What are property taxes in Pigeon Forge?
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 Pigeon Forge?
The median sale price was $439,810 in the three months ending August 31, 2026, about $340 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