Is McEwen, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, McEwen has remained a Seller's Market.
Key Takeaway
McEwen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McEwen, TN
How much do homes in McEwen, TN cost?
Median Sold Price
$242,450
$155/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in McEwen have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in McEwen was $242,450 in May 2024, down 4.5% from last year, and the median price per square foot was $155.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $195K | $174K | -10.8% |
| 3 Bedrooms | $258K | $254.9K | -1.2% |
| 4 Bedrooms | $235K | $324.4K | +38.1% |
| 5+ Bedrooms | - | - | N/A |
Summary: McEwen housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 10.8%, 3 bedroom homes decreased by 1.2%, 4 bedroom homes increased by 38.1%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mc Ewen | $270K | $272K | +0.7% |
| McEwen | $254K | $242.4K | -4.5% |
Housing Supply in McEwen, TN
How many homes are available in McEwen, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 9 | 9 | 0.0% |
Summary: The McEwen real estate market had 9 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 6 | -14.3% |
| 4 Bedrooms | 0 | 1 | +100.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The McEwen 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 14.3%, 4 bedroom homes increased by 100%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 2 | 2 | 0.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in McEwen, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.
Summary: A total of 2 homes were sold or pending in McEwen in May 2024, the same as the previous month. Of the 2 sold homes, 0% were sold under asking, 50% were sold at asking, and 50% were sold over asking.
Days on Market for McEwen, TN
How long does it take to sell a home in McEwen, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 58 Days | 25 Days | -56.0% |
Summary: Homes in McEwen had an average of 25 days on market in May 2024, down by 56% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in McEwen are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 2 homes were sold in McEwen; 100% of homes were sold within 30 days, 0% 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.