Is Elizabethton, 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, Elizabethton has remained a Seller's Market.
Housing Prices in Elizabethton, TN
How much do homes in Elizabethton, TN cost?
Median Sold Price
$220,000
$154/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Elizabethton was $220,000 in March 2024, up 9.9% from last year, and the median price per square foot was $154.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $64.2K | $92K | +43.2% |
2 Bedrooms | $158K | $170K | +7.6% |
3 Bedrooms | $221K | $238K | +7.7% |
4 Bedrooms | $289.9K | $319K | +10.0% |
5+ Bedrooms | $289.2K | $319.9K | +10.6% |
Summary: Elizabethton housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 43.2%, 2 bedroom homes increased by 7.6%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 10%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
Elizabethton | $200.2K | $220K | +9.9% |
Johnson City | $275K | $289K | +5.1% |
Housing Supply in Elizabethton, TN
How many homes are available in Elizabethton, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
97 | 101 | +4.1% |
Summary: The Elizabethton real estate market had 101 homes for sale in March 2024, a 4.1% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 6 | 4 | -33.3% |
2 Bedrooms | 20 | 23 | +15.0% |
3 Bedrooms | 51 | 54 | +5.9% |
4 Bedrooms | 15 | 12 | -20.0% |
5+ Bedrooms | 5 | 8 | +60.0% |
Summary: The Elizabethton housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes increased by 15%, 3 bedroom homes increased by 5.9%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes increased by 60%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 24 | +26.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Summary: A total of 24 homes were sold or pending in Elizabethton in March 2024, up by 26.3% month-over-month. Of the 24 sold homes, 63% were sold under asking, 21% were sold at asking, and 17% were sold over asking.
Days on Market for Elizabethton, TN
How long does it take to sell a home in Elizabethton, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
79 Days | 77 Days | -3.6% |
Summary: Homes in Elizabethton had an average of 77 days on market in Mar 2024, down by 3.6% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During March 2024, 24 homes were sold in Elizabethton; 8% of homes were sold within 30 days, 58% of homes were sold within 30 to 90 days, and 33% of homes were sold over 90 days.