Is Oneida, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oneida is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Oneida was a Seller's Market.

Key Takeaway

Oneida is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Oneida, TN

How much do homes in Oneida, TN cost?

Median Sold Price

$256,000

$142/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$17,500(+7.3%)

Key Takeaway

Homes in Oneida have sold for 7.3% more than they did a year ago.

Summary: The median home sold price in Oneida was $256,000 in September 2024, up 7.3% from last year, and the median price per square foot was $142.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 -$135.3K
N/A
2 $125.3K$251K
+100.2%
3 $238.5K$218K
-8.6%
4 $259K$317K
+22.4%
5+ $259.9K$814.7K
+213.5%

Summary: Oneida housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 100.2%, 3 bedroom homes decreased by 8.6%, 4 bedroom homes increased by 22.4%, and 5+ bedroom homes increased by 213.5%.

Housing Supply in Oneida, TN

How many homes are available in Oneida, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
5158+13.7%

Summary: The Oneida real estate market had 58 homes for sale in September 2024, a 13.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 22
0.0%
2 89
+12.5%
3 2328
+21.7%
4 1314
+7.7%
5+ 55
0.0%

Summary: The Oneida housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 12.5%, 3 bedroom homes increased by 21.7%, 4 bedroom homes increased by 7.7%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
440.0%

Asking Price vs. Sold Price

2 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oneida, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 4 homes were sold or pending in Oneida in September 2024, the same as the previous month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.

Days on Market for Oneida, TN

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

Average Sale Time

Sep 2023Sep 2024CHANGE
66 Days58 Days-11.4%

Summary: Homes in Oneida had an average of 58 days on market in Sep 2024, down by 11.4% compared to last year.

Breakdown of Home Sale Times

1 Home Was Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Oneida has remained consistent over time.

Summary: During September 2024, 4 homes were sold in Oneida; 25% of homes were sold within 30 days, 50% of homes were sold within 30 to 90 days, and 25% 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 Sep 1, 2024

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