Is Oneida, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Oneida was a Seller's Market.
Housing Prices in Oneida, TN
How much do homes in Oneida, TN cost?
Median Sold Price
$215,000
$140/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Oneida was $215,000 in May 2024, up 1.7% from last year, and the median price per square foot was $140.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $10.1K | $135.3K | +1239.6% |
2 Bedrooms | $165K | $251K | +52.1% |
3 Bedrooms | $235K | $210K | -10.6% |
4 Bedrooms | $258K | $280K | +8.5% |
5+ Bedrooms | $369.9K | $489.7K | +32.4% |
Summary: Oneida housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1239.6%, 2 bedroom homes increased by 52.1%, 3 bedroom homes decreased by 10.6%, 4 bedroom homes increased by 8.5%, and 5+ bedroom homes increased by 32.4%.
Housing Supply in Oneida, TN
How many homes are available in Oneida, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
49 | 47 | -4.1% |
Summary: The Oneida real estate market had 47 homes for sale in May 2024, a 4.1% decrease compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 4 | +100.0% |
3 Bedrooms | 27 | 26 | -3.7% |
4 Bedrooms | 16 | 14 | -12.5% |
5+ Bedrooms | 4 | 3 | -25.0% |
Summary: The Oneida 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 increased by 100%, 3 bedroom homes decreased by 3.7%, 4 bedroom homes decreased by 12.5%, and 5+ bedroom homes decreased by 25%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
5 | 5 | 0.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Oneida in May 2024, the same as the previous month. Of the 5 sold homes, 80% were sold under asking, 0% were sold at asking, and 20% were sold over asking.
Days on Market for Oneida, TN
How long does it take to sell a home in Oneida, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
86 Days | 44 Days | -48.4% |
Summary: Homes in Oneida had an average of 44 days on market in May 2024, down by 48.4% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Oneida; 40% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.