Is Mount Carmel, 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, Mount Carmel has remained a Seller's Market.
Housing Prices in Mount Carmel, TN
How much do homes in Mount Carmel, TN cost?
Median Sold Price
$249,500
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mount Carmel was $249,500 in April 2024, up 4% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | $117.5K | +67.9% |
2 Bedrooms | $139.5K | $162.5K | +16.5% |
3 Bedrooms | $251K | $253.5K | +1.0% |
4 Bedrooms | $280K | $342.5K | +22.3% |
5+ Bedrooms | $410K | $370K | -9.8% |
Summary: Mount Carmel housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.9%, 2 bedroom homes increased by 16.5%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 22.3%, and 5+ bedroom homes decreased by 9.8%.
Median Sold Price Compared To Nearby Cities
Kingsport | $238.2K | $253K | +6.2% |
Church Hill | $249K | $260K | +4.4% |
Mount Carmel | $240K | $249.5K | +4.0% |
Housing Supply in Mount Carmel, TN
How many homes are available in Mount Carmel, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
18 | 17 | -5.6% |
Summary: The Mount Carmel real estate market had 17 homes for sale in April 2024, a 5.6% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 3 | +50.0% |
3 Bedrooms | 15 | 12 | -20.0% |
4 Bedrooms | 1 | 2 | +100.0% |
5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The Mount Carmel 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 increased by 50%, 3 bedroom homes decreased by 20%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
5 | 6 | +20.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Mount Carmel in April 2024, up by 20.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 17% were sold at asking, and 17% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
71 Days | 115 Days | +61.1% |
Summary: Homes in Mount Carmel had an average of 115 days on market in Apr 2024, up by 61.1% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 6 homes were sold in Mount Carmel; 0% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.