Which asking prices moved in East Tennessee since the last edition? The cuts and the rises

East Tennessee has 12,452 active listings right now, down 45 since the last edition. Of those, 12,421 state an asking price, and the medians below read from them. The median asking price is $349,000, unchanged since the last edition. The listings sit in 242 cities, as the listings spell them.

The median cut is 2.2% of the earlier asking price. The cuts are 0.6% of the 12,452 active listings.

Knoxville has 2,039 of the 12,452 active listings, asking a median $404,900.

The largest cut is 13.3%, from $75,000 to $65,000 in Maynardville.

One listing was raised. Raises are rarer than cuts in most editions, and a raise can be a correction to the first price as much as a change of mind.

Cuts were most common in Knoxville, 15, Crossville, 6 and Maynardville, 5.

The last edition counted 19 cuts and 0 rises, so cuts are more common this time.

A price change means a home asks something different from what it asked at our last check. If a price changed twice since then, only the overall change shows, and we do not say why a price moved.

Since the last edition, 45 new listings have come on and 90 have left the active market.

Half of the priced listings ask less than $349,000, unchanged since the last edition, among 12,421 priced listings.

Knoxville has the most listings, 2,039 of the 12,452, or 16.4%, down 6 since the last edition. Sevierville comes next with 1,206.

The market divides into sections by what a listing states. Land has 4,228, Tiny & modest homes has 1,849, Large homes has 906, Estates has 785 and Mega mansions has 11. Among the sections, the median asking price runs from $95,000 for land to $6,500,000 for mega mansions.

More listings ask under $300k: 5,412 of the 12,421 that state a price, 43.6% of them, down 7 since the last edition.

Four asking-price bands hold a listing. The $300–500k band has 3,345, or 26.9%. The $500–800k band has 2,074, or 16.7%. The $800k+ band has 1,590, or 12.8%.

Listings wait longest in the under $300k band, a median of 95 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 12.8%.

The biggest change since the last edition is in the $300–500k band, down 26 to 3,345.

The next four: Crossville has 1,011, Maryville has 417, Loudon has 358 and Gatlinburg has 336. Together the five busiest cities hold 40.4% of the market.

Among cities with three or more listings, the median asking price is highest in Piney Flats, at $3,323,750. It is lowest in Calvin, at $17,500, a difference of $3,306,250.

Listings have waited longest in Calvin, a median of 456 days, and least in Tracy City, a median of 9 days.

Sixty-eight 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.

The median active listing has been on the market 79 days, up 1 since the last edition. That is read from 12,452 listings with a listing date.