Three active homes cut their asking price by ten percent or more, 0% of the 8,202 active homes
Active homes whose asking price is ten percent or more below the asking price at the last edition, deepest cut first, by city.
The deepest cut is 27.7%, at 364 Jasmine Rd, Newport, TN 37821, Newport, from $449,500 to $325,000.
Three of the 8,202 active homes have a cut of ten percent or more since the last edition; one hundred forty-two cut by any amount. Newport lists the most, two.
A cut is the share of the old asking price that came off: the old price less the new, over the old. The median cut on this list is 13.5%. We compare two asking prices of the same listing and say nothing about why a seller cut. Every price is an asking price on an active listing, never a sale price.
In Newport the Gazette counts 95 active listings; the median asking price there is $254,990, and 99 days listed. Four cuts to the asking price and no increases were recorded in Newport this edition. The Newport page lists every home there.
Beside it, Parrottsville has 27 active listings and a median asking price of $295,000, $40,010 higher than Newport's. Per square foot the median asks $240 in Parrottsville against $198 in Newport, so Newport is lower; the median lot is 5.91 acres in Parrottsville against 1.14 acres in Newport, so Parrottsville has more land. Also nearby, Baneberry has 11 active listings and a median asking price of $64,900, $190,090 lower than Newport's. Per square foot the median asks $250 in Baneberry against $198 in Newport, so Newport is lower; the median lot is 0.57 acres in Baneberry against 1.14 acres in Newport, so Newport has more land. Every figure is an asking price from the same edition.
For the market as a whole, 12,484 listings are active, and the median asking price is $345,000. 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. 22, counting from Nov 13 to Nov 14: 139 new listings came on, 158 price cuts were recorded, one price increase was recorded, and 111 listings left the active market.
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Source: AskResi analysis of active East Tennessee MLS listings, November 14, 2026. Asking prices, not sales.
The numbers behind the chart
| City | Homes | Median asking |
|---|---|---|
| Newport | 2 | — |
| LaFollette | 1 | — |
Every home on this list
| Address | City | Asking | Beds | Baths | Sq ft | Old asking | Cut | Days listed |
|---|---|---|---|---|---|---|---|---|
| 364 Jasmine Rd, Newport, TN 37821 | Newport | $325,000 | 3 | 2 | 1,200 | $449,500 | 27.7% | 148 |
| 508 Paintbrush Rd, Newport, TN 37821 | Newport | $160,000 | 4 | 2 | 1,110 | $185,000 | 13.5% | 18 |
| 139 N Nevada Ave, LaFollette, TN 37766 | LaFollette | $79,900 | 3 | 1 | 1,097 | $89,900 | 11.1% | 222 |
Use this with a client
The download is for signed-in Broker Toolbox agents. It holds exactly the 3 homes this page lists, with the as-of date, the listing attribution and the firm line. Anyone can see the same homes on this page.
How these homes are found: active homes whose asking price is 10 percent or more below the asking price the listing carried at the last edition, deepest cut first. The share is these homes over all active homes in the edition. Land and lots are left out. A median needs three homes. Listing data under IDX: East Tennessee REALTORS® MLS.
This story is part of the Saturday, November 14, 2026 edition. More from the Gazette on Newport housing news and LaFollette housing news. The listings behind it: homes listed in Newport and homes listed in LaFollette.