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Featured local agent — Carthage, TN
Sarah Mitchell
Compass Real Estate · Carthage, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Carthage, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$225,000median sale price
How is the Carthage, TN housing market right now?
The median home sale price in Carthage, TN is $225,000, up 1.4% year-over-year. Homes sell in an average of 81 days with 19 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Carthage a buyer's or seller's market?
Carthage, TN is currently a buyer's market, based on 9.5 months of supply and homes selling in about 81 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
81
Average pace
Active listings
19
9.5 months supply
Sale-to-list
90.5%
Below asking
What does the Carthage housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $225,000 |
| Median list price | $339,900 |
| Year-over-year price change | +1.4% |
| Average days on market | 81 days |
| Active inventory | 19 listings |
| Months of supply | 9.5 months |
| Sale-to-list price ratio | 90.5% |
| Median price per sq ft | $188/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 9 |
| Listings with a price cut | 36.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How much do homes cost in Carthage by property type?
How the Carthage, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $225,000 | $188/sq ft | 2 | 81 days |
Source: Redfin · Updated monthly
The Carthage housing market is currently classified as a buyer's market with a median sale price of $225,000. Prices have risen 1.4% compared to last year, with homes spending an average of 81 days on market, indicating 9.5 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.The price-to-income ratio of 4.4x provides context for how home values compare to local earning capacity.
Homes for sale in Carthage
There are currently 19 homes listed for sale in Carthage, Tennessee. The median listing price is $340K.
Active listings
19
Homes on market
Median list price
$340K
Avg. days on market
81
Days until sale
New this week
9
Newly listed
Who lives in Carthage?
Population
2,369
Median income
$65,288/yr
Median age
40.3 years
Owner-occupied
62.2%
College grads
20.3%
Avg commute
26.4 min
Source: U.S. Census Bureau ACS
What are homes worth in Carthage?
Zillow home value
$284,492
Price-to-income
4.4x
Source: Zillow Research
What is it like to live in Carthage?
Carthage is a community of approximately 2K residents with a median age of 40.3 years.The median household income is $65,288, which represents a working-class community with solid middle-income opportunities. 20.3% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 62.2%, showing a blend of owner and renter-occupied properties. The average commute time is 26.4 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Carthage offers a balanced lifestyle with accessible home values relative to local income levels.
Which public schools serve Carthage?
5 schools tracked · 1,732 students
The largest public schools serving Carthage, TN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Smith County High School
Grades 9-12 · 493 students
Carthage Elementary
Grades PK-4 · 424 students
Smith County Middle School
Grades 5-8 · 313 students
Defeated Elementary
Grades PK-8 · 260 students
Union Heights Elementary
Grades PK-8 · 242 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Carthage, TN?
Want a head-to-head view? Compare Carthage side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Carthage?
The median home sale price in Carthage is $225,000, up 1.4% from last year.
How long do homes stay on market in Carthage?
Homes typically spend 81 days on market before going under contract.
What is the median income in Carthage?
The median household income is $65,288 per year.
Is Carthage a buyer's or seller's market?
With 9.5 months of supply, Carthage is currently a buyer's market.
What is the Zillow home value estimate for Carthage?
The Zillow Home Value Index (ZHVI) for Carthage is $284,492, representing the typical home value in the area.
How much does a single-family home cost in Carthage?
The median single-family home price in Carthage, TN is $225,000 (about $188 per square foot).
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