37876
Sevierville, Tennessee

The Sevierville 37876 market shows a median sale price of $507,500 as of February 2026, marking an 8.6% year-over-year increase that outpaces national averages but signals deceleration from previous quarters. Homes are spending 100 days on market, indicating a shift from the rapid turnover seen in 2023-2024. Only 11% of properties are selling above list price, down sharply from peak market conditions, while buyer negotiating power has clearly returned to this formerly competitive ZIP code.

This environment favors patient buyers with financing secured and flexible timelines to capitalize on the extended 100-day marketing period. Sellers with equity built from previous appreciation can still exit profitably given the 8.6% annual gain, but must price accurately since 89% of transactions close at or below asking. Investment buyers face headwinds as the PropIQ score of 61 suggests risk-adjusted returns may disappoint compared to alternative markets with stronger momentum indicators.

The PropIQ 61 rating signals caution as price growth may compress further if days-on-market extends beyond 100 and the above-list percentage drops below 10%. Monitoring month-over-month inventory changes and mortgage rate movements becomes critical, as this market sits at an inflection point between sustained growth and potential correction. Any increase in distressed listings or further DOM expansion would likely push the PropIQ score into bearish territory below 55.