Is Carthage, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Carthage was a Buyer's Market.
Housing Prices in Carthage, TN
How much do homes in Carthage, TN cost?
Median Sold Price
$280,000
$185/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Carthage was $280,000 in April 2024, up 3.7% from last year, and the median price per square foot was $185.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $155K | $244.9K | +58.0% |
2 Bedrooms | $196.5K | $212.5K | +8.1% |
3 Bedrooms | $285K | $285K | 0.0% |
4 Bedrooms | $337.4K | $326K | -3.4% |
5+ Bedrooms | $332K | $435K | +31.0% |
Summary: Carthage housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 58%, 2 bedroom homes increased by 8.1%, 3 bedroom homes did not change, 4 bedroom homes decreased by 3.4%, 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
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
36 | 47 | +30.6% |
Summary: The Carthage real estate market had 47 homes for sale in April 2024, a 30.6% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 6 | 9 | +50.0% |
3 Bedrooms | 21 | 31 | +47.6% |
4 Bedrooms | 4 | 3 | -25.0% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Carthage housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 50%, 3 bedroom homes increased by 47.6%, 4 bedroom homes decreased by 25%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 10 | +150.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 10 homes were sold or pending in Carthage in April 2024, up by 150.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 30% were sold at asking, and 20% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
60 Days | 20 Days | -66.8% |
Summary: Homes in Carthage had an average of 20 days on market in Apr 2024, down by 66.8% compared to last year.
Breakdown of Home Sale Times
8 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 10 homes were sold in Carthage; 80% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.