Is South Carthage, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Last month, South Carthage was a Seller's Market.
Key Takeaway
South Carthage is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Carthage, TN
How much do homes in South Carthage, TN cost?
Median Sold Price
$298,000
$236/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in South Carthage have sold for 28.1% less than they did a month ago.
Summary: The median home sold price in South Carthage was $298,000 in May 2024, down 28.1% from last month, and the median price per square foot was $236.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $230K | - | N/A |
| 3 Bedrooms | - | $298K | N/A |
| 4 Bedrooms | $599K | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: South Carthage housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in South Carthage, TN
How many homes are available in South Carthage, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 8 | +33.3% |
Summary: The South Carthage real estate market had 8 homes for sale in May 2024, a 33.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 7 | +75.0% |
| 4 Bedrooms | 1 | 0 | -100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South 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 remained the same, 3 bedroom homes increased by 75%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 1 | -50.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Carthage, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.
Summary: A total of 1 homes were sold or pending in South Carthage in May 2024, down by 50.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.
Days on Market for South Carthage, TN
How long does it take to sell a home in South Carthage, TN?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 95 Days | 8 Days | -91.6% |
Summary: Homes in South Carthage had an average of 8 days on market in May 2024, down by 91.6% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Carthage are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 1 homes were sold in South Carthage; 100% of homes were sold within 30 days, 0% 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.