Is Kingsport, 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, Kingsport has remained a Seller's Market.
Housing Prices in Kingsport, TN
How much do homes in Kingsport, TN cost?
Median Sold Price
$253,000
$149/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Kingsport was $253,000 in April 2024, up 6.2% from last year, and the median price per square foot was $149.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $49K | $110K | +124.5% |
2 Bedrooms | $135K | $156.5K | +15.9% |
3 Bedrooms | $230.1K | $245.1K | +6.5% |
4 Bedrooms | $325.3K | $328.9K | +1.1% |
5+ Bedrooms | $458K | $415.5K | -9.3% |
Summary: Kingsport housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 124.5%, 2 bedroom homes increased by 15.9%, 3 bedroom homes increased by 6.5%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes decreased by 9.3%.
Median Sold Price Compared To Nearby Cities
Kingsport | $238.2K | $253K | +6.2% |
Blountville | $270K | $284.5K | +5.4% |
Johnson City | $275.4K | $289.7K | +5.2% |
Mount Carmel | $240K | $249.5K | +4.0% |
Fall Branch | $289.7K | $285.5K | -1.5% |
Housing Supply in Kingsport, TN
How many homes are available in Kingsport, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
411 | 397 | -3.4% |
Summary: The Kingsport real estate market had 397 homes for sale in April 2024, a 3.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 67 | 62 | -7.5% |
3 Bedrooms | 200 | 197 | -1.5% |
4 Bedrooms | 109 | 102 | -6.4% |
5+ Bedrooms | 34 | 35 | +2.9% |
Summary: The Kingsport housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 7.5%, 3 bedroom homes decreased by 1.5%, 4 bedroom homes decreased by 6.4%, and 5+ bedroom homes increased by 2.9%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
121 | 116 | -4.1% |
Asking Price vs. Sold Price
63 Homes Were Sold
Under Asking
28 Homes Were Sold
At Asking
25 Homes Were Sold
Over Asking
Summary: A total of 116 homes were sold or pending in Kingsport in April 2024, down by 4.1% month-over-month. Of the 116 sold homes, 54% were sold under asking, 24% were sold at asking, and 22% were sold over asking.
Days on Market for Kingsport, TN
How long does it take to sell a home in Kingsport, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
53 Days | 69 Days | +29.3% |
Summary: Homes in Kingsport had an average of 69 days on market in Apr 2024, up by 29.3% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
75 Homes Were Sold
In 30 - 90 Days
23 Homes Were Sold
Over 90 Days
Summary: During April 2024, 116 homes were sold in Kingsport; 16% of homes were sold within 30 days, 65% of homes were sold within 30 to 90 days, and 20% of homes were sold over 90 days.