Is Elizabethton, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Elizabethton has remained a Seller's Market.
Key Takeaway
Elizabethton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Elizabethton, TN
How much do homes in Elizabethton, TN cost?
Median Sold Price
$232,970
$157/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Elizabethton have sold for 13.7% more than they did a year ago.
Summary: The median home sold price in Elizabethton was $232,970 in May 2024, up 13.7% from last year, and the median price per square foot was $157.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $43K | $128K | +197.7% |
| 2 Bedrooms | $160K | $169.9K | +6.2% |
| 3 Bedrooms | $220K | $240K | +9.1% |
| 4 Bedrooms | $300K | $315K | +5.0% |
| 5+ Bedrooms | $314.6K | $372.4K | +18.4% |
Summary: Elizabethton housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 197.7%, 2 bedroom homes increased by 6.2%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 5%, and 5+ bedroom homes increased by 18.4%.
Median Sold Price Compared To Nearby Cities
| Elizabethton | $204.9K | $232.9K | +13.7% |
| Johnson City | $272.3K | $287.4K | +5.5% |
Housing Supply in Elizabethton, TN
How many homes are available in Elizabethton, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 122 | 130 | +6.6% |
Summary: The Elizabethton real estate market had 130 homes for sale in May 2024, a 6.6% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 3 | 5 | +66.7% |
| 2 Bedrooms | 26 | 25 | -3.8% |
| 3 Bedrooms | 71 | 76 | +7.0% |
| 4 Bedrooms | 14 | 15 | +7.1% |
| 5+ Bedrooms | 8 | 9 | +12.5% |
Summary: The Elizabethton housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 66.7%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes increased by 7%, 4 bedroom homes increased by 7.1%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 32 | 45 | +40.6% |
Asking Price vs. Sold Price
21 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Elizabethton, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 45 homes were sold or pending in Elizabethton in May 2024, up by 40.6% month-over-month. Of the 45 sold homes, 47% were sold under asking, 20% were sold at asking, and 33% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 53 Days | 60 Days | +14.7% |
Summary: Homes in Elizabethton had an average of 60 days on market in May 2024, up by 14.7% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
11 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Elizabethton has remained consistent over time.
Summary: During May 2024, 45 homes were sold in Elizabethton; 22% of homes were sold within 30 days, 53% of homes were sold within 30 to 90 days, and 24% of homes were sold over 90 days.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.