518 Old Cedar Creek Rd Rd, Townsend, TN 37882 in Townsend is the only new listing in mega mansions this edition, asking $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.

In Townsend the Gazette counts 124 active listings; the median asking price there is $475,000, and 139 days listed. Beyond this one, one cut to the asking price and no increases in Townsend were recorded this edition. The Townsend page lists every home there.

Beside it, 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.

For the market as a whole, 12,414 listings are active, and the median asking price is $348,000. Per square foot, the median asks $236. The median home has been listed 80 days. The by-the-numbers page sets out every city, with the charts.

This is edition No. 20, counting from Nov 11 to Nov 12: 107 new listings came on, 159 price cuts were recorded, one price increase was recorded, and 94 listings left the active market.

What this page does and does not say. It lists asking prices and the days a home has been on the market, as the listing feed states them. A price that went up or down is recorded as a fact with its date, never as a prediction, and no sentence here says whether an asking price is fair. Open the listing for the photos and the full details, and ask its listing office when you would like to walk through it.