Is Carthage, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Carthage was a Seller's Market.
Key Takeaway
Carthage is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Carthage, TN
How much do homes in Carthage, TN cost?
Median Sold Price
$282,500
$189/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Carthage have sold for 6.6% more than they did a year ago.
Summary: The median home sold price in Carthage was $282,500 in May 2024, up 6.6% from last year, and the median price per square foot was $189.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $244.9K | N/A |
| 2 Bedrooms | $193K | $215K | +11.4% |
| 3 Bedrooms | $285K | $285K | 0.0% |
| 4 Bedrooms | $309.9K | $343.7K | +10.9% |
| 5+ Bedrooms | $332K | $435K | +31.0% |
Summary: Carthage housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.4%, 3 bedroom homes did not change, 4 bedroom homes increased by 10.9%, and 5+ bedroom homes increased by 31%.
Housing Supply in Carthage, TN
How many homes are available in Carthage, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 44 | 50 | +13.6% |
Summary: The Carthage real estate market had 50 homes for sale in May 2024, a 13.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 8 | 5 | -37.5% |
| 3 Bedrooms | 31 | 37 | +19.4% |
| 4 Bedrooms | 2 | 3 | +50.0% |
| 5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Carthage housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 37.5%, 3 bedroom homes increased by 19.4%, 4 bedroom homes increased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 10 | 5 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
2 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carthage, expect to pay close to the asking price. 40% of homes here sold near the asking price last month.
Summary: A total of 5 homes were sold or pending in Carthage in May 2024, down by 50.0% month-over-month. Of the 5 sold homes, 20% were sold under asking, 40% were sold at asking, and 40% were sold over asking.
Days on Market for Carthage, TN
How long does it take to sell a home in Carthage, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 43 Days | 37 Days | -15.3% |
Summary: Homes in Carthage had an average of 37 days on market in May 2024, down by 15.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Carthage has remained consistent over time.
Summary: During May 2024, 5 homes were sold in Carthage; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.