The Hot Sheet
How deep are the price cuts in East Tennessee? A look by price band
The most cuts sit in the $250–400k band, 53 of the 150, with a median cut of 2.5%.
In East Tennessee, 150 active listings came down in asking price since the last edition. The median cut is $10,000, or 2.6% of the old asking price. Together the cuts took $3,926,161 off asking prices. That is 1.2% of the 12,648 active listings in the edition.
The busiest price band for cuts is the $250–400k band, with 53 of the 150 cuts, 35% of them. The median cut there is 2.5% of the old asking price.
Five asking-price bands hold at least one cut. The others: Under $250k has 27, $400–600k has 33, $600–900k has 27 and $900k+ has 10.
The deepest median cut is in the Under $250k band, at 3.8% or $5,000. The shallowest is in the $600–900k band, at 1.9% or $12,000.
In dollars, the median cut runs from $5,000 in the Under $250k band to $40,000 in the $900k+ band, a difference of $35,000.
Listing time differs by band. The median home cut in the $250–400k band had been listed 50 days, and the median home in the Under $250k band 74.
A band is a range of asking prices after the cut, and nothing else. It says what a listing asks now, not who a home is for.
The median listing had been on the market 61 days when its cut was seen, counted to this edition from the listing's own date.
Knoxville has the most price cuts, 38 of the 150, with a median cut of 2.3%. Sevierville comes next with 11.
The median price cut is $10,000, or 2.6% of the old asking price.
The biggest cut in dollars is at 9712 Thorngrove Pike, Strawberry Plains, TN 37871 in Strawberry Plains: down $1,600,000, from $5,500,000 to $3,900,000, or 29.1%.
One hundred fifty listings cut their asking price, while one hundred fifteen new listings came on the market, so cuts ran ahead by 35.
Sixty-four of the 150 listings cut ask less than the market's median asking price of $349,000 after the cut, and eighty-six ask more.
Every price on this page is an asking price on an active listing, taken from the MLS feed and our own copy of it as of this edition. A cut is counted when our copy saw a listing's asking price lower than it was in the earlier read, and the old price is the one our copy saw. A listing cut before our copy began, or cut twice between two reads, shows as one cut. A median needs three listings with a figure, and it is left out when there are fewer. The page counts 150 cuts.
Each row of the tables below opens the homes behind it, so a count can be checked against the listings it counts. Every price band and every city that has a cut is listed, with the median cut for each.
This page leaves a lot out on purpose. It does not say why a price came down, because the feed does not say. It reads no listing remarks, and it names no seller. It says nothing about who a home is for. What it can do is count the cuts, size them against the old asking price and show where each home is.
The cards under the chart show the biggest cuts first, ordered by the share of the old asking price that came off. The search above them looks through every active home, so a home that is not among the cards can still be found by city, price or bedrooms.
The most price cuts are in the $250–400k band: 53 of the 150, 35% of them, with a median cut of 2.5%.
Every price band, as a table
| Price band | Cuts | Median cut | Median days listed |
|---|---|---|---|
| Under $250k | 27 | $5,000 (3.8%) | 74 |
| $250–400k | 53 | $10,000 (2.5%) | 50 |
| $400–600k | 33 | $12,500 (2.5%) | 73 |
| $600–900k | 27 | $12,000 (1.9%) | 62 |
| $900k+ | 10 | $40,000 (2.8%) | 62 |
Every city, as a table
| City | Cuts | Median cut | Total cut |
|---|---|---|---|
| Knoxville | 38 | $10,000 (2.3%) | $777,705 |
| Sevierville | 11 | $15,000 (3.3%) | $181,421 |
| Lenoir City | 9 | $25,900 (4.1%) | $203,525 |
| Maryville | 9 | $4,900 (1.6%) | $100,701 |
| Crossville | 6 | $7,500 (2%) | $68,900 |
| Gatlinburg | 5 | $10,000 (1.9%) | $60,199 |
| LaFollette | 4 | $7,500 (2.2%) | $30,000 |
| Oak Ridge | 4 | $3,200 (1.8%) | $16,500 |
| Harriman | 3 | $500 (0.9%) | $10,900 |
| Loudon | 3 | $6,144 (3.4%) | $27,144 |
| Walland | 3 | $16,000 (2.9%) | $51,000 |
| Cleveland | 2 | — | $32,000 |
Days listed at the cut, as a table
| Days listed at the cut | Cuts | Median cut | Share |
|---|---|---|---|
| Under 30 days | 40 | $5,550 (1.7%) | 27% |
| 30 to 59 days | 34 | $10,000 (2.7%) | 23% |
| 60 to 89 days | 27 | $14,000 (3.2%) | 18% |
| 90 to 179 days | 36 | $9,500 (2.6%) | 24% |
| 180 days or more | 13 | $10,000 (2.8%) | 9% |
The biggest cuts, as a table
| Home | City | Old asking | New asking | Cut |
|---|---|---|---|---|
| 9712 Thorngrove Pike, Strawberry Plains, TN 37871 | Strawberry Plains | $5,500,000 | $3,900,000 | $1,600,000 (29.1%) |
| 5315 Bent River Blvd, Knoxville, TN 37919 | Knoxville | $3,495,000 | $3,200,000 | $295,000 (8.4%) |
| 1971 Harbor Hills Drive, Dandridge, TN 37725 | Dandridge | $759,900 | $699,900 | $60,000 (7.9%) |
| 1092 Grandview Way, Jamestown, TN 38556 | Jamestown | $549,000 | $499,000 | $50,000 (9.1%) |
| 801 McKinley Pointe Lane, Knoxville, TN 37934 | Knoxville | $999,900 | $949,900 | $50,000 (5%) |
Find a home
12 deepest of 150 price cuts · The story behind them ↓
This story is part of the Friday, October 30, 2026 edition, and the asking-price cuts archive follows it edition by edition. More from the Gazette on Fairfield Glade housing news, Strawberry Plains housing news, Decatur housing news, Maryville housing news, Rockwood housing news, Oakdale housing news, Knoxville housing news, Harrogate housing news, Rutledge housing news, Jamestown housing news, Sevierville housing news and Lenoir City housing news. The listings behind it: homes listed in Fairfield Glade, homes listed in Strawberry Plains, homes listed in Decatur, homes listed in Maryville, homes listed in Rockwood, homes listed in Oakdale, homes listed in Knoxville, homes listed in Harrogate, homes listed in Rutledge, homes listed in Jamestown, homes listed in Sevierville and homes listed in Lenoir City.