Is Carter County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 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
$221,200
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Carter County was $221,200 in March 2024, up 6.1% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $80K | $128K | +60.0% |
2 Bedrooms | $161K | $167.9K | +4.3% |
3 Bedrooms | $225K | $239K | +6.2% |
4 Bedrooms | $280K | $353.5K | +26.3% |
5+ Bedrooms | $314.6K | $383.9K | +22.0% |
Summary: Carter County housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 60%, 2 bedroom homes increased by 4.3%, 3 bedroom homes increased by 6.2%, 4 bedroom homes increased by 26.3%, and 5+ bedroom homes increased by 22%.
Median Sold Price Compared To Nearby Counties
Sullivan County | $239.6K | $258.5K | +7.8% |
Carter County | $208.4K | $221.2K | +6.1% |
Washington County | $290.6K | $306.4K | +5.4% |
Johnson County | $270K | $274.5K | +1.7% |
Avery County | $385.2K | $343.5K | -10.8% |
Housing Supply in Carter County, TN
How many homes are available in Carter County, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
120 | 125 | +4.2% |
Summary: The Carter County real estate market had 125 homes for sale in March 2024, a 4.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 7 | 6 | -14.3% |
2 Bedrooms | 23 | 26 | +13.0% |
3 Bedrooms | 65 | 69 | +6.2% |
4 Bedrooms | 20 | 16 | -20.0% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Carter County housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 14.3%, 2 bedroom homes increased by 13%, 3 bedroom homes increased by 6.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
21 | 23 | +9.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 23 homes were sold or pending in Carter County in March 2024, up by 9.5% month-over-month. Of the 23 sold homes, 65% were sold under asking, 22% were sold at asking, and 13% 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
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
85 Days | 78 Days | -8.8% |
Summary: Homes in Carter County had an average of 78 days on market in Mar 2024, down by 8.8% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
13 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 23 homes were sold in Carter County; 9% of homes were sold within 30 days, 57% of homes were sold within 30 to 90 days, and 35% of homes were sold over 90 days.