$8,763 Closing Credit*
$737,900
2,914 SqFt
3 Beds
•2 Full Baths, 1 Partial
Robin Underwood, Listing Office: Underwood Hometown Realty, LLC
Is Carthage, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, Carthage was a Seller's Market.
Key Takeaway
Carthage 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 Carthage, TN
How much do homes in Carthage, TN cost?
Median Sold Price
$292,000
$197/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$27,050(+10.2%)
Key Takeaway
Homes in Carthage have sold for 10.2% more than they did a year ago.
Summary: The median home sold price in Carthage was $292,000 in September 2024, up 10.2% from last year, and the median price per square foot was $197.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $269.9K | $227.4K | -15.7% |
| 2 Bedrooms | $188K | $230K | +22.3% |
| 3 Bedrooms | $289.9K | $298K | +2.8% |
| 4 Bedrooms | $289.9K | $345.2K | +19.1% |
| 5+ Bedrooms | $426K | $350K | -17.8% |
Summary: Carthage housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.7%, 2 bedroom homes increased by 22.3%, 3 bedroom homes increased by 2.8%, 4 bedroom homes increased by 19.1%, and 5+ bedroom homes decreased by 17.8%.
Housing Supply in Carthage, TN
How many homes are available in Carthage, TN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 50 | 51 | +2.0% |
Summary: The Carthage real estate market had 51 homes for sale in September 2024, a 2.0% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 3 | 4 | +33.3% |
| 3 Bedrooms | 38 | 39 | +2.6% |
| 4 Bedrooms | 4 | 3 | -25.0% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Carthage housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 8 | 8 | 0.0% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Carthage, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Carthage in September 2024, the same as the previous month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 12 Days | 39 Days | +227.1% |
Summary: Homes in Carthage had an average of 39 days on market in Sep 2024, up by 227.1% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
3 Homes Were 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 September 2024, 8 homes were sold in Carthage; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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