Is Carter County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$228,975
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Carter County was $228,975 in April 2024, up 9% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $48.5K | $129K | +166.0% |
2 Bedrooms | $160K | $169.9K | +6.2% |
3 Bedrooms | $225K | $240K | +6.7% |
4 Bedrooms | $290K | $342.5K | +18.1% |
5+ Bedrooms | $314.6K | $400K | +27.1% |
Summary: Carter County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 166%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 18.1%, and 5+ bedroom homes increased by 27.1%.
Median Sold Price Compared To Nearby Counties
Carter County | $210K | $228.9K | +9.0% |
Sullivan County | $242.1K | $257.7K | +6.5% |
Washington County | $294.6K | $306.1K | +3.9% |
Johnson County | $275K | $274.7K | -0.1% |
Avery County | $385K | $337K | -12.5% |
Housing Supply in Carter County, TN
How many homes are available in Carter County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
133 | 149 | +12.0% |
Summary: The Carter County real estate market had 149 homes for sale in April 2024, a 12.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 5 | 4 | -20.0% |
2 Bedrooms | 30 | 29 | -3.3% |
3 Bedrooms | 74 | 90 | +21.6% |
4 Bedrooms | 17 | 19 | +11.8% |
5+ Bedrooms | 7 | 7 | 0.0% |
Summary: The Carter County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 20%, 2 bedroom homes decreased by 3.3%, 3 bedroom homes increased by 21.6%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
22 | 36 | +63.6% |
Asking Price vs. Sold Price
20 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Summary: A total of 36 homes were sold or pending in Carter County in April 2024, up by 63.6% month-over-month. Of the 36 sold homes, 56% were sold under asking, 28% were sold at asking, and 17% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 95 Days | +34.3% |
Summary: Homes in Carter County had an average of 95 days on market in Apr 2024, up by 34.3% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Summary: During April 2024, 36 homes were sold in Carter County; 6% of homes were sold within 30 days, 64% of homes were sold within 30 to 90 days, and 31% of homes were sold over 90 days.