The Hot Sheet · By price band · Sat, Oct 31 · No. 8
Seven price cuts now ask $250–400k, the busiest band
Five asking-price bands hold a cut · 7 cuts in the busiest · median 71 days listed.
Among the 18 price cuts in East Tennessee since the last edition, seven now ask in the $250–400k band, more than in any other. That is 39% of the cuts.
The bands run in steps from under $250,000 to $900,000 and up, and a home goes in the band its asking price falls in after the cut. The busiest three: $250–400k has seven, $400–600k has four, Under $250k has three.
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 $250–400k cuts took $74,200 off asking prices, and the median cut is $10,000, or 2.9% of the old asking price. After the cut, asking prices run from $265,000 to $399,900, and the median asking price is $289,900. That median cut is 0.6 points shallower than the 3.5% median across every price cut in the edition. The median home had been listed 71 days when its cut was seen, counted to this edition from the listing's own date.
The biggest cut among them is at 34 acres State Highway 304, Ten Mile, TN 37880 in Ten Mile: down $30,100, from $320,000 to $289,900, or 9.4%.
The table shows every band that holds a cut, and each row opens the homes in it. Every one of the seven cuts is shown below. Each address opens that home's own page.
Asking-price bands
| Price band | Cuts | Share | Median cut |
|---|---|---|---|
| Under $250k | 3 | 17% | $15,000 (9.1%) |
| $250–400k | 7 | 39% | $10,000 (2.9%) |
| $400–600k | 4 | 22% | $36,800 (6.2%) |
| $600–900k | 1 | 6% | — |
| $900k+ | 3 | 17% | $75,000 (3%) |