Is Elizabethton, 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, Elizabethton has remained a Seller's Market.
Housing Prices in Elizabethton, TN
How much do homes in Elizabethton, TN cost?
Median Sold Price
$232,970
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Elizabethton was $232,970 in May 2024, up 13.7% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $43K | $128K | +197.7% |
2 Bedrooms | $160K | $169.9K | +6.2% |
3 Bedrooms | $220K | $240K | +9.1% |
4 Bedrooms | $300K | $315K | +5.0% |
5+ Bedrooms | $314.6K | $372.4K | +18.4% |
Summary: Elizabethton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 197.7%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 18.4%.
Median Sold Price Compared To Nearby Cities
Elizabethton | $204.9K | $232.9K | +13.7% |
Johnson City | $272.3K | $287.4K | +5.5% |
Housing Supply in Elizabethton, TN
How many homes are available in Elizabethton, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
122 | 130 | +6.6% |
Summary: The Elizabethton real estate market had 130 homes for sale in May 2024, a 6.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 5 | +66.7% |
2 Bedrooms | 26 | 25 | -3.8% |
3 Bedrooms | 71 | 76 | +7.0% |
4 Bedrooms | 14 | 15 | +7.1% |
5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Elizabethton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
32 | 45 | +40.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Summary: A total of 45 homes were sold or pending in Elizabethton in May 2024, up by 40.6% month-over-month. Of the 45 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% were sold over asking.
Days on Market for Elizabethton, TN
How long does it take to sell a home in Elizabethton, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
53 Days | 60 Days | +14.7% |
Summary: Homes in Elizabethton had an average of 60 days on market in May 2024, up by 14.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During May 2024, 45 homes were sold in Elizabethton; 22% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.