$6,175 Closing Credit*
$520,000
2,323 SqFt
3 Beds
•3 Full Baths
James Trainham III, Listing Office: Realty Empire LLC
Is South Carthage, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, South Carthage was a Buyer's Market.
Key Takeaway
South Carthage is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in South Carthage, TN
How much do homes in South Carthage, TN cost?
Median Sold Price
$287,450
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$47,550(+19.8%)
Key Takeaway
Homes in South Carthage have sold for 19.8% more than they did a year ago.
Summary: The median home sold price in South Carthage was $287,450 in November 2024, up 19.8% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $175.9K | $230K | +30.8% |
| 3 Bedrooms | $241.8K | $289.9K | +19.9% |
| 4 Bedrooms | $281K | $439.5K | +56.4% |
| 5+ Bedrooms | $520K | - | N/A |
Summary: South Carthage 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 increased by 30.8%, 3 bedroom homes increased by 19.9%, 4 bedroom homes increased by 56.4%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| South Carthage | $239.9K | $287.4K | +19.8% |
| Brush Creek | $399.9K | $342.5K | -14.4% |
Housing Supply in South Carthage, TN
How many homes are available in South Carthage, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 6 | -14.3% |
Summary: The South Carthage real estate market had 6 homes for sale in November 2024, a 14.3% 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 | 2 | 1 | -50.0% |
| 3 Bedrooms | 4 | 4 | 0.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The South Carthage 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 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 1 | -66.7% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Carthage, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 1 homes were sold or pending in South Carthage in November 2024, down by 66.7% month-over-month. Of the 1 sold homes, 100% were sold under asking, 0% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 14 Days | 191 Days | +1264.3% |
Summary: Homes in South Carthage had an average of 191 days on market in Nov 2024, up by 1264.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in South Carthage are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During November 2024, 1 homes were sold in South Carthage; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 100% 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.