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Featured local agent — Mount Carmel, TN
Sarah Mitchell
Compass Real Estate · Mount Carmel, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Mount Carmel, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$286,500median sale price
How is the Mount Carmel, TN housing market right now?
The median home sale price in Mount Carmel, TN is $286,500, up 21.9% year-over-year. Homes sell in an average of 39 days with 23 active listings. The market is currently a balanced 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 Mount Carmel a buyer's or seller's market?
Mount Carmel, TN is currently a balanced market, based on 3.8 months of supply and homes selling in about 39 days. How we determine this →
Homes sold
6
Last 12 weeks
Days on market
39
Average pace
Active listings
23
3.8 months supply
Sale-to-list
98.2%
Below asking
What does the Mount Carmel housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $286,500 |
| Median list price | $247,000 |
| Year-over-year price change | +21.9% |
| Average days on market | 39 days |
| Active inventory | 23 listings |
| Months of supply | 3.8 months |
| Sale-to-list price ratio | 98.2% |
| Median price per sq ft | $169/sq ft |
| Homes sold (latest month) | 6 |
| New listings (latest month) | 6 |
| Listings with a price cut | 39.1% |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
How much do homes cost in Mount Carmel by property type?
How the Mount Carmel, 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 | $286,500 | $169/sq ft | 6 | 39 days |
Source: Redfin · Updated monthly
The Mount Carmel housing market is currently classified as a balanced market with a median sale price of $286,500. Prices have risen 21.9% compared to last year, with homes spending an average of 39 days on market, indicating 3.8 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.The price-to-income ratio of 3.8x provides context for how home values compare to local earning capacity.
Homes for sale in Mount Carmel
There are currently 23 homes listed for sale in Mount Carmel, Tennessee. The median listing price is $247K.
Active listings
23
Homes on market
Median list price
$247K
Avg. days on market
39
Days until sale
New this week
6
Newly listed
Who lives in Mount Carmel?
Population
5,504
Median income
$71,336/yr
Median age
41.8 years
Owner-occupied
88.5%
College grads
15.0%
Avg commute
25.3 min
Source: U.S. Census Bureau ACS
What are homes worth in Mount Carmel?
Zillow home value
$267,632
Price-to-income
3.8x
Source: Zillow Research
What is it like to live in Mount Carmel?
Mount Carmel is a community of approximately 6K residents with a median age of 41.8 years.The median household income is $71,336, which represents a working-class community with solid middle-income opportunities. 15.0% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 88.5%, reflecting strong community stability and long-term resident commitment. The average commute time is 25.3 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Mount Carmel offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Mount Carmel, TN?
Want a head-to-head view? Compare Mount Carmel side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Mount Carmel?
The median home sale price in Mount Carmel is $286,500, up 21.9% from last year.
How long do homes stay on market in Mount Carmel?
Homes typically spend 39 days on market before going under contract.
What is the median income in Mount Carmel?
The median household income is $71,336 per year.
Is Mount Carmel a buyer's or seller's market?
With 3.8 months of supply, Mount Carmel is currently a balanced market.
What is the Zillow home value estimate for Mount Carmel?
The Zillow Home Value Index (ZHVI) for Mount Carmel is $267,632, representing the typical home value in the area.
How much does a single-family home cost in Mount Carmel?
The median single-family home price in Mount Carmel, TN is $286,500 (about $169 per square foot).
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