Is Carter County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Carter County is a seller's market

Buyer's
Market

Difference Since January 2023

Since last year, Carter County has remained a Seller's Market.

Key Takeaway

Carter County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Carter County, TN

How much do homes in Carter County, TN cost?

Median Sold Price

$215,783

$154/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

+$7,883(+3.8%)

Key Takeaway

Homes in Carter County have sold for 3.8% more than they did a year ago.

Summary: The median home sold price in Carter County was $215,783 in January 2024, up 3.8% from last year, and the median price per square foot was $154.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 $110K$128K
+16.4%
2 $162.2K$165.9K
+2.2%
3 $225K$236K
+4.9%
4 $260K$357.7K
+37.6%
5+ $400K$340K
-15.0%

Summary: Carter County housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes increased by 16.4%, 2 bedroom homes increased by 2.2%, 3 bedroom homes increased by 4.9%, 4 bedroom homes increased by 37.6%, and 5+ bedroom homes decreased by 15%.

Median Sold Price Compared To Nearby Counties

Sullivan County
+10.9%
Carter County
+3.8%
Washington County
+3.8%
Avery County
-2.6%
Johnson County
-5.9%

Housing Supply in Carter County, TN

How many homes are available in Carter County, TN?

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
121108-10.7%

Summary: The Carter County real estate market had 108 homes for sale in January 2024, a 10.7% decrease compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 86
-25.0%
2 2622
-15.4%
3 5454
0.0%
4 2522
-12.0%
5+ 84
-50.0%

Summary: The Carter County housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 25%, 2 bedroom homes decreased by 15.4%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 12%, and 5+ bedroom homes decreased by 50%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
3319-42.4%

Asking Price vs. Sold Price

7 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

7 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Carter County, you may be able to get a good deal. 36.8% of homes here sold below asking price last month.

Summary: A total of 19 homes were sold or pending in Carter County in January 2024, down by 42.4% month-over-month. Of the 19 sold homes, 37% were sold under asking, 26% were sold at asking, and 37% 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

Jan 2023Jan 2024CHANGE
75 Days97 Days+30.0%

Summary: Homes in Carter County had an average of 97 days on market in Jan 2024, up by 30% compared to last year.

Breakdown of Home Sale Times

5 Homes Were Sold
Under 30 Days

6 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Carter County are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During January 2024, 19 homes were sold in Carter County; 26% of homes were sold within 30 days, 32% of homes were sold within 30 to 90 days, and 42% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

Newest Listings in Carter County, TN

Nearby Markets to Carter County, TN

What housing markets are near Carter County, TN?