Is McKenzie, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, McKenzie has remained a Seller's Market.
Key Takeaway
McKenzie is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McKenzie, TN
How much do homes in McKenzie, TN cost?
Median Sold Price
$96,250
$51/sqft
Based on all homes sold in May 2024.
Difference Since Last Month
Key Takeaway
Homes in McKenzie have sold for 59.7% less than they did a month ago.
Summary: The median home sold price in McKenzie was $96,250 in May 2024, down 59.7% from last month, and the median price per square foot was $51.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $7.5K | N/A |
| 3 Bedrooms | $239K | $185K | -22.6% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: McKenzie housing prices by bedroom type for May 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 22.6%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Housing Supply in McKenzie, TN
How many homes are available in McKenzie, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Summary: The McKenzie real estate market had 5 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 4 | 3 | -25.0% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The McKenzie housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 25%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 1 | 2 | +100.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in McKenzie, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in McKenzie in May 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for McKenzie, TN
How long does it take to sell a home in McKenzie, TN?
Average Sale Time
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 129 Days | 41 Days | -68.2% |
Summary: Homes in McKenzie had an average of 41 days on market in May 2024, down by 68.2% compared to last month.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McKenzie are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in McKenzie; 50% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.