$3,325 Closing Credit*
$280,000
1,798 SqFt
3 Beds
•2 Full Baths, 1 Partial
#9974353, Heather Price, Listing Office: KW Kingsport
Is Mount Carmel, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 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
$272,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$27,500(+11.2%)
Key Takeaway
Homes in Mount Carmel have sold for 11.2% more than they did a year ago.
Summary: The median home sold price in Mount Carmel was $272,500 in November 2024, up 11.2% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $117.5K | - | N/A |
| 2 Bedrooms | $166K | $159K | -4.2% |
| 3 Bedrooms | $245K | $265K | +8.2% |
| 4 Bedrooms | $258.4K | $375K | +45.1% |
| 5+ Bedrooms | $550.4K | $370K | -32.8% |
Summary: Mount Carmel housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 45.1%, and 5+ bedroom homes decreased by 32.8%.
Median Sold Price Compared To Nearby Cities
| Mount Carmel | $245K | $272.5K | +11.2% |
| Kingsport | $257K | $261.6K | +1.8% |
| Church Hill | $260K | $255K | -1.9% |
Housing Supply in Mount Carmel, TN
How many homes are available in Mount Carmel, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 27 | 20 | -25.9% |
Summary: The Mount Carmel real estate market had 20 homes for sale in November 2024, a 25.9% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 4 | 3 | -25.0% |
| 3 Bedrooms | 19 | 14 | -26.3% |
| 4 Bedrooms | 3 | 2 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Mount Carmel housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 25%, 3 bedroom homes decreased by 26.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mount Carmel, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Mount Carmel in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 57 Days | 119 Days | +108.3% |
Summary: Homes in Mount Carmel had an average of 119 days on market in Nov 2024, up by 108.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in Mount Carmel are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 4 homes were sold in Mount Carmel; 0% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 75% 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.