Is Mc Ewen, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Mc Ewen was a Seller's Market.
Key Takeaway
Mc Ewen is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mc Ewen, TN
How much do homes in Mc Ewen, TN cost?
Median Sold Price
$285,000
$188/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Mc Ewen have sold for 5.6% more than they did a year ago.
Summary: The median home sold price in Mc Ewen was $285,000 in March 2024, up 5.6% from last year, and the median price per square foot was $188.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $210K | $179.4K | -14.5% |
| 3 Bedrooms | $274K | $285K | +4.0% |
| 4 Bedrooms | $275K | $283.8K | +3.2% |
| 5+ Bedrooms | $2.4M | $925K | -62.2% |
Summary: Mc Ewen 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 14.5%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 62.2%.
Median Sold Price Compared To Nearby Cities
| Waverly | $175K | $220.5K | +26.0% |
| Mc Ewen | $270K | $285K | +5.6% |
Housing Supply in Mc Ewen, TN
How many homes are available in Mc Ewen, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 17 | 13 | -23.5% |
Summary: The Mc Ewen real estate market had 13 homes for sale in March 2024, a 23.5% decrease 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 | 2 | 0 | -100.0% |
| 3 Bedrooms | 12 | 10 | -16.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mc Ewen 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 decreased by 100%, 3 bedroom homes decreased by 16.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 4 | 1 | -75.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Mc Ewen, you could pay more than the asking price. 100% of homes here sold above asking price last month.
Summary: A total of 1 homes were sold or pending in Mc Ewen in March 2024, down by 75.0% month-over-month. Of the 1 sold homes, 0% were sold under asking, 0% were sold at asking, and 100% were sold over asking.
Days on Market for Mc Ewen, TN
How long does it take to sell a home in Mc Ewen, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 36 Days | 34 Days | -7.5% |
Summary: Homes in Mc Ewen had an average of 34 days on market in Mar 2024, down by 7.5% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Mc Ewen has remained consistent over time.
Summary: During March 2024, 1 homes were sold in Mc Ewen; 0% of homes were sold within 30 days, 100% 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.