Is Carthage, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Carthage was a Seller's Market.
Key Takeaway
Carthage is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Carthage, TN
How much do homes in Carthage, TN cost?
Median Sold Price
$280,000
$178/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Carthage have sold for 3.7% more than they did a year ago.
Summary: The median home sold price in Carthage was $280,000 in March 2024, up 3.7% from last year, and the median price per square foot was $178.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $155K | $269.9K | +74.1% |
| 2 Bedrooms | $200K | $202.5K | +1.3% |
| 3 Bedrooms | $288K | $284.5K | -1.2% |
| 4 Bedrooms | $309.9K | $333K | +7.5% |
| 5+ Bedrooms | $332K | $435K | +31.0% |
Summary: Carthage housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 74.1%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 31%.
Housing Supply in Carthage, TN
How many homes are available in Carthage, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 33 | 36 | +9.1% |
Summary: The Carthage real estate market had 36 homes for sale in March 2024, a 9.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 21 | 22 | +4.8% |
| 4 Bedrooms | 3 | 3 | 0.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Carthage housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 4.8%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 6 | 4 | -33.3% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Carthage, you could pay more than the asking price. 50% of homes here sold above asking price last month.
Summary: A total of 4 homes were sold or pending in Carthage in March 2024, down by 33.3% month-over-month. Of the 4 sold homes, 25% were sold under asking, 25% were sold at asking, and 50% were sold over asking.
Days on Market for Carthage, TN
How long does it take to sell a home in Carthage, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 42 Days | 48 Days | +13.2% |
Summary: Homes in Carthage had an average of 48 days on market in Mar 2024, up by 13.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Carthage are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 4 homes were sold in Carthage; 50% of homes were sold within 30 days, 25% of homes were sold within 30 to 90 days, and 25% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.