$3,705 Closing Credit*
$312,000
1,568 SqFt
4 Beds
•2 Full Baths
#9973048, Regina Britton, Listing Office: Conservus Homes
Is Mount Carmel, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Mount Carmel has remained a Seller's Market.
Key Takeaway
Mount Carmel is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mount Carmel, TN
How much do homes in Mount Carmel, TN cost?
Median Sold Price
$279,900
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$34,900(+14.2%)
Key Takeaway
Homes in Mount Carmel have sold for 14.2% more than they did a year ago.
Summary: The median home sold price in Mount Carmel was $279,900 in October 2024, up 14.2% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117.5K | - | N/A |
| 2 Bedrooms | $148K | $164.5K | +11.1% |
| 3 Bedrooms | $248K | $279.9K | +12.9% |
| 4 Bedrooms | $260K | $375K | +44.2% |
| 5+ Bedrooms | $550.4K | $370K | -32.8% |
Summary: Mount Carmel housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 11.1%, 3 bedroom homes increased by 12.9%, 4 bedroom homes increased by 44.2%, and 5+ bedroom homes decreased by 32.8%.
Median Sold Price Compared To Nearby Cities
| Mount Carmel | $245K | $279.9K | +14.2% |
| Kingsport | $253.2K | $263.6K | +4.1% |
| Church Hill | $265K | $250K | -5.7% |
Housing Supply in Mount Carmel, TN
How many homes are available in Mount Carmel, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 31 | 26 | -16.1% |
Summary: The Mount Carmel real estate market had 26 homes for sale in October 2024, a 16.1% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 20 | 17 | -15.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mount Carmel housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes decreased by 15%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 8 | 7 | -12.5% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Carmel, expect to pay close to the asking price. 42.9% of homes here sold near the asking price last month.
Summary: A total of 7 homes were sold or pending in Mount Carmel in October 2024, down by 12.5% month-over-month. Of the 7 sold homes, 29% were sold under asking, 43% were sold at asking, and 29% were sold over asking.
Days on Market for Mount Carmel, TN
How long does it take to sell a home in Mount Carmel, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 51 Days | 52 Days | +2.1% |
Summary: Homes in Mount Carmel had an average of 52 days on market in Oct 2024, up by 2.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mount Carmel has remained consistent over time.
Summary: During October 2024, 7 homes were sold in Mount Carmel; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
