Is Mc Donald, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Mc Donald is a seller's market

Buyer's
Market

Difference Since March 2023

Since last year, Mc Donald has remained a Seller's Market.

Key Takeaway

Mc Donald is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

Housing Prices in Mc Donald, TN

How much do homes in Mc Donald, TN cost?

Median Sold Price

$370,000

$186/sqft

Based on all homes sold in the last 12 months.

Difference Since March 2023

-$127,500(-25.6%)

Key Takeaway

Homes in Mc Donald have sold for 25.6% less than they did a year ago.

Summary: The median home sold price in Mc Donald was $370,000 in March 2024, down 25.6% from last year, and the median price per square foot was $186.

Median Sold Price By Bedroom Count

# BEDSMar 2023Mar 2024CHANGE
1 --
N/A
2 $206.1K$155K
-24.8%
3 $399.9K$359K
-10.2%
4 $530.5K$545K
+2.7%
5+ $855K$852.5K
-0.3%

Summary: Mc Donald housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 24.8%, 3 bedroom homes decreased by 10.2%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes decreased by 0.3%.

Median Sold Price Compared To Nearby Cities

Ooltewah
+8.2%
Collegedale
+3.3%
Cleveland
+2.9%
Georgetown
-21.5%
Mc Donald
-25.6%

Housing Supply in Mc Donald, TN

How many homes are available in Mc Donald, TN?

Number of Homes For Sale

Feb 2024Mar 2024CHANGE
1921+10.5%

Summary: The Mc Donald real estate market had 21 homes for sale in March 2024, a 10.5% increase compared to February 2024.

Homes For Sale By Bedroom Count

# BEDSFeb 2024Mar 2024CHANGE
1 00
0.0%
2 34
+33.3%
3 1010
0.0%
4 45
+25.0%
5+ 22
0.0%

Summary: The Mc Donald housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Feb 2024Mar 2024CHANGE
35+66.7%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Mc Donald, you may be able to get a good deal. 40% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Mc Donald in March 2024, up by 66.7% month-over-month. Of the 5 sold homes, 40% were sold under asking, 20% were sold at asking, and 40% were sold over asking.

Days on Market for Mc Donald, TN

How long does it take to sell a home in Mc Donald, TN?

Average Sale Time

Mar 2023Mar 2024CHANGE
125 Days7 Days-94.0%

Summary: Homes in Mc Donald had an average of 7 days on market in Mar 2024, down by 94% 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Mc Donald are selling fast, if you're buying plan to act quickly.

Summary: During March 2024, 5 homes were sold in Mc Donald; 40% 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 25 Days Ago

Newest Listings in Mc Donald, TN

Nearby Markets to Mc Donald, TN

What housing markets are near Mc Donald, TN?