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 neutral's market

Buyer's
Market

Difference Since June 2023

At the same time last year, Carter County was a Seller's Market.

Key Takeaway

Carter County is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Carter County, TN

How much do homes in Carter County, TN cost?

Median Sold Price

$232,970

$155/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$18,170(+8.5%)

Key Takeaway

Homes in Carter County have sold for 8.5% more than they did a year ago.

Summary: The median home sold price in Carter County was $232,970 in June 2024, up 8.5% from last year, and the median price per square foot was $155.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 $48.5K$130K
+168.0%
2 $169K$170K
+0.6%
3 $235K$239.9K
+2.1%
4 $297.4K$355K
+19.3%
5+ $361.9K$388.9K
+7.5%

Summary: Carter County housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 168%, 2 bedroom homes increased by 0.6%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 19.3%, and 5+ bedroom homes increased by 7.5%.

Median Sold Price Compared To Nearby Counties

Carter County
+8.5%
Washington County
+6.6%
Sullivan County
+6.1%
Johnson County
+1.9%
Avery County
-14.7%

Housing Supply in Carter County, TN

How many homes are available in Carter County, TN?

Number of Homes For Sale

May 2024Jun 2024CHANGE
166169+1.8%

Summary: The Carter County real estate market had 169 homes for sale in June 2024, a 1.8% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 55
0.0%
2 3539
+11.4%
3 9796
-1.0%
4 1920
+5.3%
5+ 109
-10.0%

Summary: The Carter County housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.4%, 3 bedroom homes decreased by 1%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes decreased by 10%.

Number of Homes Sold

May 2024Jun 2024CHANGE
5227-48.1%

Asking Price vs. Sold Price

17 Homes Were Sold
Under Asking

2 Homes Were Sold
At Asking

8 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. 63% of homes here sold below asking price last month.

Summary: A total of 27 homes were sold or pending in Carter County in June 2024, down by 48.1% month-over-month. Of the 27 sold homes, 63% were sold under asking, 7% were sold at asking, and 30% 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

Jun 2023Jun 2024CHANGE
69 Days56 Days-18.9%

Summary: Homes in Carter County had an average of 56 days on market in Jun 2024, down by 18.9% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Carter County has remained consistent over time.

Summary: During June 2024, 27 homes were sold in Carter County; 15% of homes were sold within 30 days, 74% of homes were sold within 30 to 90 days, and 11% 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 26 Days Ago

Newest Listings in Carter County, TN

Nearby Markets to Carter County, TN

What housing markets are near Carter County, TN?