What Is a Perc Test—and Why Can It Make or Break a Land Purchase?By John S. Wagner, Affiliate Broker/Realtor®Weichert, Realtors® - Saxon ClarkServing Kingsport, Johnson City, Bristol,
Is It A Good Time To Buy Or Sale In Kingsport, TN?
Dated: June 7 2025
Views: 213
As of May 2025, the Kingsport, TN housing market presents a nuanced landscape for both buyers and sellers. Here's an overview to help you determine if now is the right time for you to buy or sell in Kingsport.
🏡 Kingsport Housing Market Snapshot
Median Home Value: Approximately $244,991, reflecting a 3.4% increase over the past year. Walletinvestor.com+2Zillow+2Zillow+2
Median Listing Price: Around $299,400 as of February 2025, remaining flat year-over-year. Realtor
Median Sold Price: Approximately $212,500, indicating that homes are selling below their listing prices.
Average Days on Market: Homes are going pending in about 27 days. Zillow+1Zillow+1
🛍️ Is It a Good Time to Buy in Kingsport?
Pros:
Increased Inventory: The number of homes for sale has risen by 14.5% from February to March 2025, providing buyers with more options. Rocket
Negotiation Opportunities: With 58.3% of homes selling below asking price, buyers may have room to negotiate better deals. Rocket
Cons:
High Mortgage Rates: Elevated interest rates can impact affordability, increasing monthly payments for buyers.
Bottom Line: If you're financially prepared and find a property that meets your needs, the current market conditions in Kingsport offer opportunities for negotiation and a wider selection of homes.
🏠 Is It a Good Time to Sell in Kingsport?
Pros:
Appreciated Home Values: Home values have increased by 3.4% over the past year, allowing sellers to capitalize on their property's appreciation. Zillow
Strong Demand: Homes are going pending in about 27 days, indicating a healthy demand in the market. Zillow+1Zillow+1
Cons:
Price Sensitivity: With a significant percentage of homes selling below asking price, sellers need to price their homes competitively to attract buyers.
Bottom Line: If you're considering selling, the current market conditions in Kingsport are favorable, especially if your home is priced appropriately and presented well.
🔍 Final Thoughts
The Kingsport housing market in May 2025 offers a balanced environment for both buyers and sellers. Buyers can benefit from increased inventory and potential negotiation opportunities, while sellers can take advantage of appreciated home values and strong demand. As always, individual circumstances vary, so it's advisable to consult with a local real estate professional to make the most informed decision.
John Wagner
John is a dedicated real estate professional serving the Tri-Cities of Northeast Tennessee.John was born and raised in Kingsport, Tennessee, and is a graduate of Sullivan Central High School. Although....
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