518 Old Cedar Creek Rd Rd, Townsend, TN 37882 in Townsend leads eleven new listings in large homes at $5,400,000

518 Old Cedar Creek Rd Rd, Townsend, TN 37882 in Townsend is a house with 5 bedrooms, 6 baths, and 6,999 sq ft, a lot of 117.75 acres, built in 2020. It has been on the market 1 day, listed by United Real Estate Solutions. It is asking $5,400,000. That is $772 per square foot, against a median asking of $325 per square foot across Townsend this edition, $447 higher per square foot.

8724 Inlet Drive, Knoxville, TN 37922 in Knoxville is a house with 4 bedrooms, 4 baths, and 7,968 sq ft, a lot of 1.07 acres, built in 2001. It has been on the market 1 day, listed by eXp Realty, LLC. It is asking $2,290,000. That is $287 per square foot, against a median asking of $234 per square foot across Knoxville this edition, $53 higher per square foot.

1008 Cricket Wood Way, Sevierville, TN 37862 in Sevierville is a house with 12 bedrooms, 12 baths, and 5,864 sq ft, a lot of 0.01 acres, built in 2004. It has been on the market 1 day, listed by The Real Estate Firm. It is asking $1,895,000. That is $323 per square foot, against a median asking of $332 per square foot across Sevierville this edition, $9 lower per square foot.

Townsend has 124 active listings this edition, with a median asking price of $475,000 and a median of 139 days on the market. Beyond this one, Townsend saw one asking-price cut and no increases this edition. The Townsend page lists every home there.

Next door, Walland has 51 active listings and a median asking price of $500,000, $25,000 higher than Townsend's. Per square foot the median asks $308 in Walland against $325 in Townsend, so Walland is lower; the median lot is 5.06 acres in Walland against 0.93 acres in Townsend, so Walland has more land. Also nearby, Pigeon Forge has 237 active listings and a median asking price of $529,900, $54,900 higher than Townsend's. Per square foot the median asks $371 in Pigeon Forge against $325 in Townsend, so Townsend is lower; the median lot is 0.1 acres in Pigeon Forge against 0.93 acres in Townsend, so Townsend has more land. Every figure is an asking price from the same edition.

Across the whole market the Gazette counts 12,414 active listings with a median asking price of $348,000. The median asking price works out to $236 per square foot. The median time on the market is 80 days. The by-the-numbers page sets out every city, with the charts.

Edition No. 20 covers Nov 11 to Nov 12, and in that window 107 new listings came on, 159 price cuts were recorded, one price increase was recorded, and 94 listings left the active market.

How to read this page. An asking price is the number a seller and a listing office have chosen to publish. It is not what a home changes hands for and it is not an appraisal, and a change in an asking price is a fact about one listing, recorded on the day the Gazette saw it, not a forecast of what comes next. Each address here links to the listing itself, with its photos and the office that holds it, and that office is the one to ask for a showing.