📊 Market Update 📍 East Tennessee

May brought some real movement across Cocke, Hamblen, and Jefferson Counties. Prices went up everywhere. Inventory shifted in different directions depending on where you look. Here's the plain breakdown of what happened and what it means if you're buying, selling, or just keeping tabs on the market.

Hamblen County Seller's Market

Hamblen County stayed the tightest market of the three. Inventory dropped to 3.04 months. Homes sold in a median of 45 days. The median sold price jumped to $316,800, up almost 10% from April.

Median Sold Price $316,800 ↑ 9.7% month over month
Months of Inventory 3.04 ↓ 5.3% month over month
Median Days on Market 45 ↓ 10% month over month
Homes Sold in May 92 $34.9M total volume

Days on market actually went down this time, which tells a different story than last month. Less inventory and faster sales means buyers in Hamblen County need to move quickly.

What This Means Sellers in Hamblen County are in a strong spot right now. Buyers should be pre-approved and ready to act fast when something comes up that fits.
Jefferson County Balanced Market

Jefferson County tightened up this month. Inventory sits at 4.42 months, still balanced but leaning toward sellers. Median sold price hit $333,900, the highest of the three counties. Days on market dropped sharply to just 32.

Median Sold Price $333,900 ↑ 5% month over month
Months of Inventory 4.42 Balanced, leaning seller's
Median Days on Market 32 ↓ 47.5% month over month
Active Listings 345 $490K median list price

That drop in days on market is a big shift. Homes that used to sit for weeks longer are now moving almost as fast as Hamblen County. Jefferson County still has the highest price range of the three, but it's moving faster than it has in a while.

What This Means Jefferson County is heating up. Buyers still have decent selection, but the days of long negotiation windows are shrinking fast. Sellers who price correctly are seeing quick results.
Cocke County Buyer's Market

Cocke County remains the softest market, and inventory actually grew again to 7.5 months. But the median sold price jumped over 20% to $299,000, the biggest one month price increase of any county this year. Days on market climbed to 69.

Median Sold Price $299,000 ↑ 20.6% month over month
Months of Inventory 7.5 ↑ 3.16% month over month
Median Days on Market 69 ↑ 26.6% month over month
Homes Sold in May 29 $9.39M total volume

This is worth sitting with for a second. Prices went up sharply even though inventory grew and homes took longer to sell. That tells me the homes that did sell were priced right and in demand, while overpriced listings are sitting and dragging the average days on market higher. The market is sorting itself out — quality and pricing matter more than ever here.

What This Means Buyers in Cocke County still have leverage and plenty of choices. Sellers need a sharp pricing strategy. The homes getting strong prices are the ones priced to match what buyers are actually willing to pay.

How Our Counties Compare to the Broader Region

The East Tennessee Realtors regional summary backs up what we're seeing locally. Absorption rate held steady at 4.54 months, the same as May 2025. Median sold price climbed to $385,000 regionally, and sold listings were up 9.1% year over year.

Regional Median Sold Price $385,000 East Tennessee MLS · May 2026
Regional Absorption Rate 4.54 mo. Unchanged year over year
Total Homes Sold 2,013 ↑ 9.1% vs. May 2025
Pending Listings +20.5% Year over year — demand still rising

Pending listings regionwide were up 20.5% compared to May 2025. That's the second straight month of strong buyer activity, and it lines up with what we're seeing locally in Hamblen and Jefferson Counties, where days on market dropped fast this month.

What the Regional Data Tells Us Hamblen and Jefferson Counties are both moving in step with the strong regional demand. Cocke County is still catching up, but the sharp price jump this month suggests buyer interest is building there too.

The Bottom Line

May 2026 showed something all three counties had in common: rising prices. But how they got there looked different in each place. Hamblen County tightened up with less inventory and faster sales. Jefferson County saw days on market drop fast while prices climbed to the highest point of the three. Cocke County saw its biggest price jump of the year even with more homes on the market and longer selling times.

For buyers, Cocke County still offers the most room to negotiate and the most choices. Jefferson County is moving quickly, so buyers there need to be ready. Hamblen County requires speed and a strong offer.

For sellers, Hamblen and Jefferson Counties are both rewarding well-priced homes with fast sales right now. Cocke County sellers need a sharper pricing strategy, but the homes priced right are getting strong results.

I track these numbers every month so you have real information to work with, not guesswork. If you want to talk through what this means for your specific situation, reach out anytime.

Questions About Your Market?

Whether you're buying, selling, or investing across Cocke, Hamblen, or Jefferson County, let's talk through what the numbers mean for you specifically.

Visit ScottieHooper.com

Call or text: 423-608-9020  ·  Sold@ScottieHooper.com

Data sourced from Realtors Property Resource (RPR) and East Tennessee Realtors MLS, May 2026. Statistics reflect single-family homes, condos, townhomes, and apartments. Market conditions can vary significantly by neighborhood, price range, and property type. This report is intended for informational purposes.

S
Scottie Hooper Broker · Keller Williams Properties · Newport, TN
Serving Cocke, Hamblen, Jefferson & Sevier Counties