Is Ardmore, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Ardmore was a Neutral Market.
Housing Prices in Ardmore, TN
How much do homes in Ardmore, TN cost?
Median Sold Price
$283,950
$166/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Ardmore was $283,950 in April 2024, up 9.6% from last year, and the median price per square foot was $166.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $147K | N/A |
2 Bedrooms | $171.5K | $163.4K | -4.7% |
3 Bedrooms | $269K | $251.4K | -6.5% |
4 Bedrooms | $371.4K | $730.5K | +96.7% |
5+ Bedrooms | - | $587K | N/A |
Summary: Ardmore housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 4.7%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes increased by 96.7%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
Ardmore | $259K | $283.9K | +9.6% |
Ardmore | $267K | $283.9K | +6.3% |
Ardmore | $321.5K | $281K | -12.6% |
Housing Supply in Ardmore, TN
How many homes are available in Ardmore, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 11 | -15.4% |
Summary: The Ardmore real estate market had 11 homes for sale in April 2024, a 15.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 4 | 2 | -50.0% |
3 Bedrooms | 5 | 5 | 0.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Ardmore housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4 | 2 | -50.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 2 homes were sold or pending in Ardmore in April 2024, down by 50.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for Ardmore, TN
How long does it take to sell a home in Ardmore, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
12 Days | 71 Days | +491.7% |
Summary: Homes in Ardmore had an average of 71 days on market in Apr 2024, up by 491.7% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 2 homes were sold in Ardmore; 50% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 50% of homes were sold over 90 days.