Is Carter County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Carter County has remained a Seller's Market.
Housing Prices in Carter County, TN
How much do homes in Carter County, TN cost?
Median Sold Price
$238,000
$158/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Carter County was $238,000 in May 2024, up 13.8% from last year, and the median price per square foot was $158.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $47.5K | $129K | +171.6% |
2 Bedrooms | $163.9K | $165.9K | +1.2% |
3 Bedrooms | $225K | $240.9K | +7.1% |
4 Bedrooms | $290K | $350K | +20.7% |
5+ Bedrooms | $335K | $412.5K | +23.1% |
Summary: Carter County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 171.6%, 2 bedroom homes increased by 1.2%, 3 bedroom homes increased by 7.1%, 4 bedroom homes increased by 20.7%, and 5+ bedroom homes increased by 23.1%.
Median Sold Price Compared To Nearby Counties
Carter County | $209K | $238K | +13.8% |
Sullivan County | $241.6K | $259.8K | +7.5% |
Washington County | $294.9K | $307.7K | +4.3% |
Johnson County | $270K | $275K | +1.9% |
Avery County | $385K | $334.9K | -13.0% |
Housing Supply in Carter County, TN
How many homes are available in Carter County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
151 | 165 | +9.3% |
Summary: The Carter County real estate market had 165 homes for sale in May 2024, a 9.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 4 | 6 | +50.0% |
2 Bedrooms | 29 | 34 | +17.2% |
3 Bedrooms | 89 | 92 | +3.4% |
4 Bedrooms | 21 | 22 | +4.8% |
5+ Bedrooms | 8 | 11 | +37.5% |
Summary: The Carter County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes increased by 17.2%, 3 bedroom homes increased by 3.4%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 37.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
37 | 50 | +35.1% |
Asking Price vs. Sold Price
26 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Summary: A total of 50 homes were sold or pending in Carter County in May 2024, up by 35.1% month-over-month. Of the 50 sold homes, 52% were sold under asking, 20% were sold at asking, and 28% were sold over asking.
Days on Market for Carter County, TN
How long does it take to sell a home in Carter County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
54 Days | 64 Days | +18.0% |
Summary: Homes in Carter County had an average of 64 days on market in May 2024, up by 18% compared to last year.
Breakdown of Home Sale Times
11 Homes Were Sold
Under 30 Days
26 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During May 2024, 50 homes were sold in Carter County; 22% of homes were sold within 30 days, 52% of homes were sold within 30 to 90 days, and 26% of homes were sold over 90 days.