How long does a East Tennessee listing wait for a buyer? The days-on-market read

Right now East Tennessee counts 12,391 active listings, up 18 since the last edition. Of those, 12,359 state an asking price, and the medians below read from them. The median asking price is $348,900, down $100 since the last edition. The listings sit in 241 cities, as the listings spell them.

A total of 2,727 came on in the last 30 days, 22% of those with a date. A total of 3,994 have waited between 30 and 90 days, and 5,670 have waited 90 days or more, 45.8%.

Knoxville has 1,994 of the 12,391 active listings, asking a median $400,000.

In the last edition 2,710 had come on within 30 days and 5,618 had waited 90 days or more. The fresh group is larger now, and the long-waiting group is larger.

By asking price, the median wait is longest in the under $300k band, 94 days, and shortest in the $300–500k band, 66 days.

By city, Tracy City has the shortest median wait among cities with three or more listings, 6 days. Calvin has the longest, 453 days.

Among the sections, tiny & starter homes wait a median of 62 days and land wait 139.

Days on market runs from the listing date to this edition. A listing that was taken off and listed again can show a new date, so the figure is a count of days since the date the listing states.

The most listings ask under $300k: 5,383 of the 12,359 that state a price, 43.6% of them, up 3 since the last edition.

Knoxville has the most listings, 1,994 of the 12,391, or 16.1%, up 3 since the last edition. Sevierville comes next with 1,203.

Between the last edition and this one, 140 new listings have come on and 122 have left the active market.

The market divides into sections by what a listing states. Land has 4,222, Tiny & starter homes has 1,844, Large homes has 907, Estates has 769 and Mega mansions has 12. Among the sections, the median asking price runs from $96,000 for land to $6,375,000 for mega mansions.

Four asking-price bands hold a listing. The $300–500k band has 3,348, or 27.1%. The $500–800k band has 2,062, or 16.7%. The $800k+ band has 1,566, or 12.7%.

Listings wait longest in the under $300k band, a median of 94 days. They wait least in the $300–500k band, a median of 66 days.

The band edges are the same every day, so a count can be compared across editions. The under $300k band holds 43.6% of priced listings and the $800k+ band holds 12.7%.

The biggest change since the last edition is in the $300–500k band, up 12 to 3,348.

The next four: Crossville has 1,019, Maryville has 408, Loudon has 360 and Gatlinburg has 339. Together the five busiest cities hold 40.2% of the market.

Among cities with three or more listings, the median asking price is highest in Piney Flats, at $3,329,750. It is lowest in Calvin, at $17,500, a difference of $3,312,250.

Listings have waited longest in Calvin, a median of 453 days, and least in Tracy City, a median of 6 days.

Sixty-six cities have fewer than three listings, so they get a count and no median.

The city is whatever the listing says it is. A different spelling of the same city is counted under its own spelling, so the counts are of the names as listed.