Is Elizabethton, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 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
$225,937
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Elizabethton was $225,937 in April 2024, up 11.2% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $45.7K | $110K | +140.4% |
2 Bedrooms | $158K | $171K | +8.2% |
3 Bedrooms | $220K | $239.5K | +8.9% |
4 Bedrooms | $300K | $315K | +5.0% |
5+ Bedrooms | $289.2K | $319.9K | +10.6% |
Summary: Elizabethton housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 140.4%, 2 bedroom homes increased by 8.2%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 10.6%.
Median Sold Price Compared To Nearby Cities
Elizabethton | $203.2K | $225.9K | +11.2% |
Johnson City | $275.4K | $289.7K | +5.2% |
Housing Supply in Elizabethton, TN
How many homes are available in Elizabethton, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
107 | 117 | +9.3% |
Summary: The Elizabethton real estate market had 117 homes for sale in April 2024, a 9.3% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 3 | 2 | -33.3% |
2 Bedrooms | 26 | 24 | -7.7% |
3 Bedrooms | 58 | 70 | +20.7% |
4 Bedrooms | 12 | 13 | +8.3% |
5+ Bedrooms | 8 | 8 | 0.0% |
Summary: The Elizabethton housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 33.3%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes increased by 20.7%, 4 bedroom homes increased by 8.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
23 | 32 | +39.1% |
Asking Price vs. Sold Price
16 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 32 homes were sold or pending in Elizabethton in April 2024, up by 39.1% month-over-month. Of the 32 sold homes, 50% were sold under asking, 28% were sold at asking, and 22% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
70 Days | 78 Days | +11.2% |
Summary: Homes in Elizabethton had an average of 78 days on market in Apr 2024, up by 11.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Summary: During April 2024, 32 homes were sold in Elizabethton; 6% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 19% of homes were sold over 90 days.