The Hot Sheet · By city · Sat, Oct 31 · No. 8
Knoxville has the most price cuts, four homes, with a median cut of 2.6%
Thirteen cities named · 4 cuts in the leader · median cut $8,000.
Among the 18 price cuts in East Tennessee since the last edition, Knoxville has the most, four, or 22% of them.
A cut is counted when our copy of the MLS feed saw a listing's asking price lower than it was in the earlier read. The old price is the one our copy saw, so a listing cut before our copy began, or cut twice between two reads, shows as one cut. Every price here is an asking price on an active listing, and a median needs three homes or it is left out.
Together the Knoxville cuts took $50,500 off asking prices, and the median cut is $8,000, or 2.6% of the old asking price. After the cut, asking prices run from $90,000 to $1,095,000, and the median asking price is $402,450. That median cut is 0.9 points shallower than the 3.5% median across every price cut in the edition. The median home had been listed 97 days when its cut was seen, counted to this edition from the listing's own date.
The biggest cut among them is at 4713 Lyons View Pike, Knoxville, TN 37919 in Knoxville: down $30,000, from $1,125,000 to $1,095,000, or 2.7%.
A home belongs to the city its listing names, spelled as the listing spells it. A different spelling of the same city is counted under its own spelling, so the counts below are of the names as listed.
The table lists the cities with the most cuts, up to twelve, and each row opens the homes in it. Every one of the four cuts is shown below. Each address opens that home's own page.
Cities with price cuts
| City | Cuts | Share | Median cut |
|---|---|---|---|
| Knoxville | 4 | 22% | $8,000 (2.6%) |
| Cleveland | 2 | 11% | — |
| Madisonville | 2 | 11% | — |
| Chattanooga | 1 | 6% | — |
| Corryton | 1 | 6% | — |
| Gatlinburg | 1 | 6% | — |
| Maryville | 1 | 6% | — |
| New Market | 1 | 6% | — |
| Oak Ridge | 1 | 6% | — |
| Sevierville | 1 | 6% | — |
| Sparta | 1 | 6% | — |
| Ten Mile | 1 | 6% | — |