Elizabethton Housing Market Report May 2025•Carter County, Tennessee

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Housing Prices in Elizabethton, TN

How much do homes in Elizabethton, TN cost?

Housing Market Conditions

Is Elizabethton, TN a buyer’s or seller’s market?

Housing Market Conditions

This is the supply and demand for houses in an area based on home prices and trends.

Buyer’s Market

A buyer’s market occurs when the number of available properties for sale exceeds the number of buyers looking to purchase. In a buyer’s market, the supply exceeds the demand.

Neutral Market

A neutral market occurs when the number of buyers looking to purchase properties meets the number of available properties for sale. In a balanced market, there are enough homes to meet the demand.

Seller’s Market

A seller’s market occurs when there are more buyers looking to purchase properties than there are available homes on the market. In a seller’s market, the demand exceeds the supply.

Seller'sMarket

Buyer'sMarket

Elizabethton is a Seller's Market

Difference Since May 2024

Since last year, Elizabethton has remained a Seller's Market.

Insight

Elizabethton is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Median Sold Price

Median Sold Price
This is the middle price for which all homes in the area were sold. Half of all the homes sold were below this price, and half were above.
$245,000$174/SqFt
+$11,287
+4.8%

Based on all homes sold in the last 12 months

Insight

Homes in Elizabethton have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Elizabethton was $245,000 in May 2025, up 4.8% from last year, and the median price per square foot was $174.

Median Sold Price By Cities

Median Sold Price By Cities
This is the middle price for which all homes in the area were sold compared to surrounding cities. Half of all the homes sold were below this price, and half were above.
CityChange YoY
Johnson City
+12.1%
Elizabethton
+4.8%

Median Sold Price By Bedrooms

Median Sold Price By Bedrooms
This is the middle price for all homes actively listed in an area broken out by the number of bedrooms. Half of the homes are listed below this price, and half are above.
BedsMay 2024May 2025Change YoY
1$128K$175.9K
+37.5%
2$169.9K$200K
+17.7%
3$240K$269.9K
+12.5%
4$315K$292.5K
-7.1%
5$372.4K$485K
+30.2%

Summary: Elizabethton housing price by bedroom type for May 2025, compared to the previous year. The home price for 1 bedroom homes increased by +37.5%. The home price for 2 bedroom homes increased by +17.7%. The home price for 3 bedroom homes increased by +12.5%. The home price for 4 bedroom homes decreased by -7.1%. The home price for 5 bedroom homes increased by +30.2%.

How does Elizabethton, TN compare with other places?

Market comparison tool

Data and numbers shown are subject to change and may vary based on different timeframes.

Elizabethton, TN

Housing supply in Elizabethton, TN

How many homes are available in Elizabethton, TN?

Number of Homes For Sale

Number of Homes For Sale
This is the total number of homes actively listed in an area.
Last Month2 months agoChange MoM
141Last MonthMay 2025
1422 months agoApr 2025
-0.7 %
Change MoMApr – May

Summary: The Elizabethton real estate market had 141 homes for sale in May 2025, a 0.7 % decrease compared to Apr 2025.

Number of Homes Sold

Number of Homes Sold
This is the total number of both homes sold and pending in an area.
Last Month2 months agoChange MoM
29Last MonthMay 2025
332 months agoApr 2025
-12.1 %
Change MoMApr – May

Homes For Sale By Bedroom Count

Homes For Sale By Bedroom Count
This is the total number of homes actively listed in an area by number of bedrooms.
BedsApr 2025May 2025Change MoM
133
0.0%
23429
-14.7%
37477
+4.1%
42121
0.0%
51011
+10.0%

Summary: Elizabethton housing inventory by bedroom type for May 2025, compared to the previous month. The inventory for 1 bedroom homes remained the same. The inventory for 2 bedroom homes decreased by -14.7%. The inventory for 3 bedroom homes increased by +4.1%. The inventory for 4 bedroom homes remained the same. The inventory for 5 bedroom homes increased by +10.0%.

Asking Price vs. Sold Price

How much do homes in Elizabethton, TN cost?

Asking Price vs. Sold Price

The asking price is how much a home is listed for. The selling price is how much the home actually sold for.

Under Asking

Homes that sold for less than the asking price

At Asking

Homes that sold at their asking price

Over Asking

Homes that sold above the asking price

Over Asking Price3 Homes

At Asking Price7 Homes

Under Asking Price19 Homes

Insight

If you're buying a home in Elizabethton, you may be able to get a good deal. 65.5% of homes here sold below asking price last month.

Summary: A total of 29 homes were sold or pending in Elizabethton in May 2025, down by 12.1% month-over-month. Of the 29 sold homes, 66% were sold under asking, 24% were sold at asking, and and 10% were sold over asking.

Days on Market for Elizabethton, TN

How long does it take to sell a home in Elizabethton, TN?

Breakdown of Home Sale Times

Under 30 Days3 Homes

30 – 90 Days21 Homes

Over 90 Days5 Homes

Insight

Avg time on Rocket Homes in Elizabethton has remained consistent over time.

Summary: During May 2025, 29 homes were sold in Elizabethton; 10% of homes were sold within 30 days, 72% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.

Average Sale Time

Average Sale Time
This is the average number of days homes take to sell in an area.
This Year1 year agoChange YoY
65 DaysThis YearMay 2025
61 Days1 year agoMay 2024
+6.3 %
Change YoYMay 2024 – May 2025

Summary: Homes in Elizabethton had an average listing age of 65 days in May 2025, up by 6.3% compared to the previous year.

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Newest Listings in Elizabethton, TN

What homes are available in Elizabethton, TN?

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MLS Disclaimers and Copyright

Based on information from Tennessee Virginia Regional MLS, East Tennessee REALTORS® MLS, and Lakeway Area Association of Realtors MLS for the period 06/01/2023 - 06/01/2025

The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Tennessee Virginia Regional MLS. 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. Real estate listings held by brokerage firms other than this brokerl, are indicated by detailed information about them such as the name of the listing firms. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor this broker shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
Copyright© 2025 Tennessee Virginia Regional MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/12/2025, 12:50:34 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
IDX 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.

The Knoxville Area Association of REALTORS® Multiple Listing Service does not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.

Information deemed reliable but not guaranteed. This information is updated daily, however, some of these properties may subsequently have sold and may no longer be available. The Real Estate Broker providing this data believes it to be correct, but advises interested parties to confirm the data before relying on it in a purchase decision.

Copyright © 2025 Knoxville Area Association of REALTORS® Multiple Listing Service.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/12/2025, 12:50:35 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Listing information provided in part by the Lakeway Area Association of Realtors for personal, non-commercial use by viewers of this site and may not be reproduced or redistributed. The information listed is from sources believed reliable but is not guaranteed, and is subject to change without notice.

Copyright © Lakeway Area Association of Realtors 2025. All rights reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 6/12/2025, 6:45:37 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.