Do the homes cutting prices ask more or less than the East Tennessee median? The median read
Ninety-seven of the 177 cuts ask less than the market median of $349,000 after the cut.
Since the last edition, 177 active listings in East Tennessee lowered their asking price. The median cut is $10,000, or 2.8% of the old asking price. Together the cuts took $3,064,779 off asking prices. That is 1.4% of the 12,395 active listings in the edition.
Ninety-seven of the 177 listings cut ask less than the market's median asking price of $349,000 after the cut, and eighty ask more.
That puts 55% of the cuts below the median and 45% at or above it. The median is taken across every active listing in the edition, not only the cuts.
The median asking price of the cut homes, after the cut, is $319,000, which is $30,000 below the market median.
The most cuts are in the Under $250k band, 57 of them, so the median is a useful yardstick for where the cuts cluster.
A median splits the active listings in half by asking price. A cut home that asks less than the median is not better or worse than one that asks more. The comparison only says where an asking price sits among the others.
The most cuts sit in the Under $250k band, with 57 of the 177 cuts, 32% of them. The median cut there is 4.4% of the old asking price.
Knoxville has the most price cuts, 50 of the 177, with a median cut of 2.6%. Celina comes next with 16.
The median price cut is $10,000, or 2.8% of the old asking price.
The median listing had been on the market 54 days when its cut was seen, counted to this edition from the listing's own date.
The biggest cut in dollars is at 1043 Reagan Springs Rd, Townsend, TN 37882 in Townsend: down $300,000, from $1,199,000 to $899,000, or 25%.
One hundred seventy-seven listings cut their asking price, while one hundred three new listings came on the market, so cuts ran ahead by 74.
Every price on this page is an asking price on an active listing, taken from the MLS listings as of our latest check. A cut is counted when a listing's asking price is lower than it was at our last check. A listing cut twice since then shows as one cut. A median needs three listings with a figure, and it is left out when there are fewer. The page counts 177 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 MLS 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 Under $250k band: 57 of the 177, 32% of them, with a median cut of 4.4%.
Every price band, as a table
| Price band | Cuts | Median cut | Median days listed |
|---|---|---|---|
| Under $250k | 57 | $10,000 (4.4%) | 43 |
| $250–400k | 56 | $8,000 (2.5%) | 55 |
| $400–600k | 30 | $10,000 (1.9%) | 62 |
| $600–900k | 20 | $24,500 (3.3%) | 90 |
| $900k+ | 14 | $49,000 (3.5%) | 50 |
Every city, as a table
| City | Cuts | Median cut | Total cut |
|---|---|---|---|
| Knoxville | 50 | $10,000 (2.6%) | $682,102 |
| Celina | 16 | $22,500 (39.4%) | $426,900 |
| Sevierville | 15 | $5,000 (1.6%) | $248,805 |
| Gatlinburg | 10 | $7,500 (1.5%) | $364,301 |
| Cookeville | 7 | $1,000 (1.9%) | $34,000 |
| Crossville | 6 | $4,000 (2.1%) | $32,000 |
| Harriman | 6 | $10,000 (4%) | $45,000 |
| Loudon | 6 | $25,000 (5.2%) | $143,000 |
| Maryville | 5 | $10,000 (2.6%) | $65,000 |
| Maynardville | 4 | $7,500 (2.6%) | $30,000 |
| Kingston | 3 | $11,000 (3.7%) | $47,900 |
| Morristown | 3 | $7,100 (2.8%) | $20,100 |
Days listed at the cut, as a table
| Days listed at the cut | Cuts | Median cut | Share |
|---|---|---|---|
| Under 30 days | 50 | $15,000 (3.9%) | 28% |
| 30 to 59 days | 45 | $10,000 (2.8%) | 25% |
| 60 to 89 days | 29 | $10,000 (3.4%) | 16% |
| 90 to 179 days | 40 | $5,000 (1.9%) | 23% |
| 180 days or more | 13 | $5,000 (2%) | 7% |
The biggest cuts, as a table
| Home | City | Old asking | New asking | Cut |
|---|---|---|---|---|
| 1043 Reagan Springs Rd, Townsend, TN 37882 | Townsend | $1,199,000 | $899,000 | $300,000 (25%) |
| 811 Sourwood Drive, Gatlinburg, TN 37738 | Gatlinburg | $1,500,000 | $1,350,000 | $150,000 (10%) |
| 3101 Lexy Lane, Sevierville, TN 37862 | Sevierville | $1,725,000 | $1,625,000 | $100,000 (5.8%) |
| 4544 Lyons View Pike, Knoxville, TN 37919 | Knoxville | $1,725,000 | $1,625,000 | $100,000 (5.8%) |
| 1263 Ski View Drive, Gatlinburg, TN 37738 | Gatlinburg | $1,850,000 | $1,750,000 | $100,000 (5.4%) |
Find a home
12 deepest of 177 price cuts · The story behind them ↓
This story is part of the Tuesday, November 3, 2026 edition, and the asking-price cuts archive follows it edition by edition. More from the Gazette on Celina housing news, Knoxville housing news, Sevierville housing news, Gatlinburg housing news, Cookeville housing news, Crossville housing news, Harriman housing news, Loudon housing news, Maryville housing news, Maynardville housing news, Kingston housing news and Morristown housing news. The listings behind it: homes listed in Celina, homes listed in Knoxville, homes listed in Sevierville, homes listed in Gatlinburg, homes listed in Cookeville, homes listed in Crossville, homes listed in Harriman, homes listed in Loudon, homes listed in Maryville, homes listed in Maynardville, homes listed in Kingston and homes listed in Morristown.