Which size of home is cutting prices in East Tennessee? The bedroom read
The most cuts are on homes with 3 bedrooms, 19 of the 35 that state a count.
In East Tennessee, 40 active listings came down in asking price since the last edition. The median cut is $10,050, or 3% of the old asking price. Together the cuts took $1,192,397 off asking prices. That is 0.3% of the 12,433 active listings in the edition.
The most cuts are on homes with 3 bedrooms, 19 of the 35 cuts that state a bedroom count, 54% of them.
The other sizes: 1–2 bedrooms has 7 and 4 bedrooms has 9.
The median cut is deepest, 4%, on homes with 3 bedrooms and shallowest, 1.3%, on homes with 4 bedrooms.
In dollars, the median cut is $20,000 on homes with 3 bedrooms and $10,000 on homes with 1–2 bedrooms.
Five cuts are on listings that state no bedroom count and are left out of this mix.
A bedroom count is whatever the listing states. The page describes the cuts and says nothing about who a home is for.
The busiest price band for cuts is the $250–400k band, with 15 of the 40 cuts, 38% of them. The median cut there is 3% of the old asking price.
Knoxville has the most price cuts, 11 of the 40, with a median cut of 5%. Oak Ridge comes next with 3.
The median price cut is $10,050, or 3% of the old asking price.
The median listing had been on the market 36 days when its cut was seen, counted to this edition from the listing's own date.
The biggest cut in dollars is at 2805 Old Newport Hwy, Sevierville, TN 37876 in Sevierville: down $301,000, from $1,300,000 to $999,000, or 23.2%.
Forty listings cut their asking price, while forty-five new listings came on the market, so new listings ran ahead by 5.
Sixteen of the 40 listings cut ask less than the market's median asking price of $346,500 after the cut, and twenty-four ask more.
Every price on this page is an asking price on an active listing, taken from the MLS listings as of our latest check. A cut is counted when a listing's asking price is lower than it was at our last check. A listing cut twice since then shows as one cut. A median needs three listings with a figure, and it is left out when there are fewer. The page counts 40 cuts.
Each row of the tables below opens the homes behind it, so a count can be checked against the listings it counts. Every price band and every city that has a cut is listed, with the median cut for each.
This page leaves a lot out on purpose. It does not say why a price came down, because the MLS does not say. It reads no listing remarks, and it names no seller. It says nothing about who a home is for. What it can do is count the cuts, size them against the old asking price and show where each home is.
The cards under the chart show the biggest cuts first, ordered by the share of the old asking price that came off. The search above them looks through every active home, so a home that is not among the cards can still be found by city, price or bedrooms.
The busiest price band for cuts is the $250–400k band, with 15 of the 40 cuts, 38% of them. The median cut there is 3% of the old asking price.
The most price cuts are in the $250–400k band: 15 of the 40, 38% of them, with a median cut of 3%.
Source: AskResi analysis of active East Tennessee MLS listings, November 15, 2026. Asking prices, not sales.
Every price band, as a table
| Price band | Cuts | Median cut | Median days listed |
|---|---|---|---|
| Under $250k | 7 | $10,000 (7.5%) | 39 |
| $250–400k | 15 | $10,000 (3%) | 38 |
| $400–600k | 7 | $10,000 (2.2%) | 32 |
| $600–900k | 5 | $14,000 (1.8%) | 74 |
| $900k+ | 6 | $62,000 (4.7%) | 35 |
Every city, as a table
| City | Cuts | Median cut | Total cut |
|---|---|---|---|
| Knoxville | 11 | $15,000 (5%) | $508,899 |
| Oak Ridge | 3 | $10,000 (2.9%) | $40,000 |
| Sevierville | 3 | $14,000 (1.8%) | $319,999 |
| Crossville | 2 | — | $30,000 |
| Kodak | 2 | — | $49,000 |
| Loudon | 2 | — | $25,000 |
| Strawberry Plains | 2 | — | $60,000 |
| Clinton | 1 | — | $5,000 |
| Dandridge | 1 | — | $26,000 |
| Decatur | 1 | — | $5,000 |
| Gainesboro | 1 | — | $29,100 |
| Gatlinburg | 1 | — | $5,000 |
Days listed at the cut, as a table
| Days listed at the cut | Cuts | Median cut | Share |
|---|---|---|---|
| Under 30 days | 16 | $12,550 (2.8%) | 40% |
| 30 to 59 days | 14 | $17,500 (4.2%) | 35% |
| 60 to 89 days | 4 | $14,500 (3.7%) | 10% |
| 90 to 179 days | 6 | $5,000 (2.5%) | 15% |
The biggest cuts, as a table
| Home | City | Old asking | New asking | Cut |
|---|---|---|---|---|
| 2805 Old Newport Hwy, Sevierville, TN 37876 | Sevierville | $1,300,000 | $999,000 | $301,000 (23.2%) |
| 5216 Hickory Hollow Rd 1, Knoxville, TN 37919 | Knoxville | $1,799,999 | $1,499,999 | $300,000 (16.7%) |
| 404 Stone Villa Lane, Knoxville, TN 37934 | Knoxville | $1,549,000 | $1,475,000 | $74,000 (4.8%) |
| 318 N Wooddale Rd, Strawberry Plains, TN 37871 | Strawberry Plains | $1,100,000 | $1,050,000 | $50,000 (4.5%) |
| 580 Pleasant Cemetery Lane, Gainesboro, TN 38562 | Gainesboro | $134,000 | $104,900 | $29,100 (21.7%) |
Find a home
12 deepest of 40 price cuts · The story behind them ↓
This story is part of the Sunday, November 15, 2026 edition, and the asking-price cuts archive follows it edition by edition. More from the Gazette on Sevierville housing news, Gainesboro housing news, Knoxville housing news, Kodak housing news, Dandridge housing news, Crossville housing news, Oak Ridge housing news, Loudon housing news, Strawberry Plains housing news, Clinton housing news, Decatur housing news and Gatlinburg housing news. The listings behind it: homes listed in Sevierville, homes listed in Gainesboro, homes listed in Knoxville, homes listed in Kodak, homes listed in Dandridge, homes listed in Crossville, homes listed in Oak Ridge, homes listed in Loudon, homes listed in Strawberry Plains, homes listed in Clinton, homes listed in Decatur and homes listed in Gatlinburg.