Is Mount Carmel a buyer's or seller's market right now?

Mount Carmel is currently a balanced market with 4.5 months of supply. Homes are selling at 95.4% of list price, and 33.3% go pending within two weeks. The Ridley Sell Score for Mount Carmel is 46/100 (Cooling), based on 7 real-time market signals including inventory, pricing trends, and buyer demand.

What's the median home price in Mount Carmel?

The median home price in Mount Carmel is $295,000, up 126.9% year-over-year. The median price per square foot is $134. Homes sell in a median of 107 days with a sale-to-list ratio of 95.4%.

How much does it cost to sell a home in Mount Carmel, Tennessee?

On a $295,000 home in Mount Carmel, a traditional listing agent charges around $8,850 (3% commission). Add buyer agent commission (3%), closing costs (1–2%), and you could spend $23,600 or more. With Ridley Essentials ($999) you save $7,851, and with Ridley Pro ($3,499) you save $5,351 while getting full agent support.

How does Ridley's flat fee compare to a traditional Mount Carmel agent?

A traditional Mount Carmel listing agent typically charges 3% of the sale price — about $8,850 on a $295,000 home. Ridley offers two flat-fee plans: Essentials ($999) with MLS listing, marketing tools, and self-service support, or Pro ($3,499) with a dedicated licensed agent. That saves you $7,851–$5,351 compared to a traditional agent.

How long does it take to sell a home in Mount Carmel?

The median home in Mount Carmel currently spends 107 days on the market before going under contract, up 21% from last year. 33.3% of homes go pending within two weeks. At a 95.4% sale-to-list ratio, sellers are seeing some negotiation. Only 27.8% of listings see a price drop, suggesting sellers can hold firm on pricing.

Do I need a real estate agent to sell in Tennessee?

No. Tennessee does not require you to use a real estate agent to sell your home. You can sell independently (FSBO) or use a flat-fee service like Ridley that gives you MLS access, professional tools, and expert support at a fraction of the traditional commission. On a $295,000 home, that could save you up to $5,351.

What's included with Ridley Essentials and Pro?

Ridley offers two plans in Tennessee. Essentials ($999) includes MLS listing distribution, professional listing tools, marketing materials, and self-service support. Pro ($3,499) includes everything in Essentials plus a dedicated licensed agent partner, expert pricing consultation, offer review and negotiation support, contract and deadline management, and full closing coordination. Both save significantly vs. the traditional $8,850 commission.

National/Tennessee

Mount Carmel, TN

Is Now a Good Time to Sell in Mount Carmel, Tennessee?

The median home in Mount Carmel sells for $295,000 with prices up 126.9% year-over-year. The average seller pays $8,850 in commissions — Ridley’s flat fee saves you $5,351.

Mount Carmel Real Estate Market Conditions — April 2026

46out of 100

Ridley Sell Score

How it's scored →

Cooling

46/100

The market is shifting — strategic pricing and presentation matter more.

What this means for sellers

The Mount Carmel market is cooling, and sellers need to be strategic. Buyers have more options and are negotiating harder. Invest in staging and professional photography to differentiate your listing. Flexibility on terms can make the difference in attracting serious buyers.

Inventory TightnessNeutral

4.5 months of supply — near the balanced threshold of 5 months. Tennessee average is 4.4.

Price MomentumFavors sellers

Prices up 126.9% year-over-year — vs. +15.6% statewide.

Seller LeverageFavors buyers

Homes selling at 95.4% of asking — buyers are negotiating 4.6% below list. Tennessee average is 96.5%.

Bidding ActivityFavors buyers

0% of homes selling above list price — 100% below the Tennessee average of 16.1%.

Sale SpeedFavors buyers

107 median days on market — 3 days slower than the Tennessee average.

Market UrgencyNeutral

33.3% of listings go pending within 2 weeks — vs. 15.1% statewide.

Price StabilityFavors buyers

27.8% of listings have dropped their price — accurate initial pricing is critical. Tennessee average is 22.2%.

Score based on 7 real-time market signals. Updated with latest available data.

How it works →

Median Sale Price

The midpoint price of all homes sold in the past month. Half sold for more, half for less.

$295,000

+126.9%

Days on Market

How long the typical home sits on the market before going under contract. Lower is better for sellers.

107

+21%

Price per Sq Ft

Average cost per square foot of living space. Useful for comparing homes of different sizes.

$134

Sale-to-List Ratio

How close homes sell to their asking price. Above 100% means bidding wars; below means negotiation room.

95.4%

Months of Supply

How long it would take to sell all current listings at the current pace. Under 3 months favors sellers; over 6 favors buyers.

4.5

Balanced

Competitiveness

Overall market competition based on offers per listing, days on market, and sale-to-list ratio.

Not Very Competitive

Price Drops

Percentage of active listings that had a price reduction.

27.8%

Pricing matters

Pending in 2 Weeks

Percentage of listings that went under contract within 14 days.

33.3%

Moderate pace

12-Month Price Trend

$256,500 → $295,000

▲15.0%

$300K$250K$200K

MayJulSepNovJanMarApr

Data updated April 2026

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Personalized pricing signals, demand shifts, and Sell Score changes for Mount Carmel — delivered monthly.

Your savings

How much can you save selling your home in Mount Carmel?

The average Mount Carmel homeowner saves $5,351 by selling with Ridley instead of paying the traditional 3% listing commission on a $295,000 home.

$0Estimated savings

That's 6 months of groceries — save 1.8% of your home value

Your Mount Carmel home value

$295,000

$50,000$10M

Traditional Agent (3%)

$8,850

Ridley Pro (flat fee)

$3,499

Ready to sell in Mount Carmel?

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Cost comparison

How much does it cost to sell a house in Mount Carmel?

The total cost to sell a house in Mount Carmel in 2026 ranges from $999 with Ridley Essentials to approximately $8,850 with a traditional 3% commission on a $295,000 home.

	Traditional Agent	Best valueRidley Pro	Ridley Essentials	FSBO
Listing fee	$8,850	$3,499	$999	$0
Buyer agent	$8,2602.8% avg	$5,900~2% avg	$5,900~2% avg	$8,2602.8% avg
Closing costs (~1.5%)	$4,425	$4,425	$4,425	$4,425
Total cost	$21,535	$13,824	$11,324	$12,685
Net proceeds	$273,465	$281,176	$283,676	$282,315
You save	—	$7,711	$10,211	$8,850No support