Is Mount Carmel, 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, Mount Carmel has remained a Seller's Market.
Housing Prices in Mount Carmel, TN
How much do homes in Mount Carmel, TN cost?
Median Sold Price
$256,900
$161/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in Mount Carmel was $256,900 in March 2024, up 7% from last year, and the median price per square foot was $161.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $70K | $117.5K | +67.9% |
2 Bedrooms | $138.7K | $160K | +15.3% |
3 Bedrooms | $250K | $270.9K | +8.4% |
4 Bedrooms | $319.2K | $280K | -12.3% |
5+ Bedrooms | $410K | $370K | -9.8% |
Summary: Mount Carmel housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 67.9%, 2 bedroom homes increased by 15.3%, 3 bedroom homes increased by 8.4%, 4 bedroom homes decreased by 12.3%, and 5+ bedroom homes decreased by 9.8%.
Median Sold Price Compared To Nearby Cities
Church Hill | $240K | $260K | +8.3% |
Kingsport | $233.9K | $252.7K | +8.0% |
Mount Carmel | $240K | $256.9K | +7.0% |
Housing Supply in Mount Carmel, TN
How many homes are available in Mount Carmel, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
16 | 16 | 0.0% |
Summary: The Mount Carmel real estate market had 16 homes for sale in March 2024, the same as February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 1 | 1 | 0.0% |
3 Bedrooms | 13 | 15 | +15.4% |
4 Bedrooms | 1 | 0 | -100.0% |
5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Mount Carmel housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 15.4%, 4 bedroom homes decreased by 100%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +66.7% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Mount Carmel in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.
Days on Market for Mount Carmel, TN
How long does it take to sell a home in Mount Carmel, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
59 Days | 49 Days | -16.8% |
Summary: Homes in Mount Carmel had an average of 49 days on market in Mar 2024, down by 16.8% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During March 2024, 5 homes were sold in Mount Carmel; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.