Is McKay's Mill, 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, McKay's Mill was a Buyer's Market.
Housing Prices in McKay's Mill, TN
How much do homes in McKay's Mill, TN cost?
Median Sold Price
$808,000
$259/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in McKay's Mill was $808,000 in April 2024, up 2.9% from last year, and the median price per square foot was $259.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $412K | $417.7K | +1.4% |
3 Bedrooms | $649K | $660K | +1.7% |
4 Bedrooms | $832.5K | $894K | +7.4% |
5+ Bedrooms | $966.5K | $1.0M | +6.6% |
Summary: McKay's Mill 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 increased by 1.4%, 3 bedroom homes increased by 1.7%, 4 bedroom homes increased by 7.4%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Neighborhoods
McKay's Mill | $785K | $808K | +2.9% |
Cool Springs | $792K | $775K | -2.2% |
Housing Supply in McKay's Mill, TN
How many homes are available in McKay's Mill, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
25 | 20 | -20.0% |
Summary: The McKay's Mill real estate market had 20 homes for sale in April 2024, a 20.0% 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 | 1 | 1 | 0.0% |
3 Bedrooms | 9 | 7 | -22.2% |
4 Bedrooms | 10 | 8 | -20.0% |
5+ Bedrooms | 5 | 4 | -20.0% |
Summary: The McKay's Mill 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 remained the same, 3 bedroom homes decreased by 22.2%, 4 bedroom homes decreased by 20%, and 5+ bedroom homes decreased by 20%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
8 | 9 | +12.5% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 9 homes were sold or pending in McKay's Mill in April 2024, up by 12.5% month-over-month. Of the 9 sold homes, 56% were sold under asking, 11% were sold at asking, and 33% were sold over asking.
Days on Market for McKay's Mill, TN
How long does it take to sell a home in McKay's Mill, TN?
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 9 homes were sold in McKay's Mill; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.