Is Mc Donald, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Mc Donald has remained a Seller's Market.
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
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
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $206.1K | $155K | -24.8% |
3 Bedrooms | $399.9K | $359K | -10.2% |
4 Bedrooms | $530.5K | $545K | +2.7% |
5+ Bedrooms | $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 | $425.2K | $459.9K | +8.2% |
Collegedale | $412K | $425.7K | +3.3% |
Cleveland | $291.6K | $300K | +2.9% |
Georgetown | $472K | $370.4K | -21.5% |
Mc Donald | $497.5K | $370K | -25.6% |
Housing Supply in Mc Donald, TN
How many homes are available in Mc Donald, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
19 | 21 | +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
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 4 | +33.3% |
3 Bedrooms | 10 | 10 | 0.0% |
4 Bedrooms | 4 | 5 | +25.0% |
5+ Bedrooms | 2 | 2 | 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 2024 | Mar 2024 | CHANGE |
---|---|---|
3 | 5 | +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
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 2023 | Mar 2024 | CHANGE |
---|---|---|
125 Days | 7 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
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.