2024 Ends with Lower Prices, Smaller Home Sizes

The December 2024 single-family housing market in Kingsport was slower during the holidays with 48 new families relocating from 21 states. 

The median purchase price of $285,000 was 15% lower than in the past 12 months, and only 3% higher than the median of all homes sold since 2020.  

Although prices were lower, the amount paid per square foot was higher. Buyers paid $172/sf in December, 10% higher than the past 12 months, and 26% higher than all homes sold since 2020.   

The top 5 states moving to Kingsport during the past 12 months were Tennessee, Florida, North Carolina, California, and Texas.

During December, renters accounted for 40% of all new utility service connections (which excludes mass-metered apartments, condos, or multi-family developments).

December was a little slower than usual, but newcomers still found their way to Kingsport from coast to coast
The 2024 Annual Report is zoomed out to show our new citizens from Alaska and Hawaii!

Here’s to a great 2025 in our beloved hometown! 

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