Is Orange Mound, 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, Orange Mound was a Buyer's Market.
Key Takeaway
Orange Mound is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Orange Mound, TN
How much do homes in Orange Mound, TN cost?
Median Sold Price
$70,000
-
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Orange Mound have sold for 15.2% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.3K | $75K | +38.0% |
| 2 Bedrooms | $70K | $43K | -38.6% |
| 3 Bedrooms | $85K | $70K | -17.6% |
| 4 Bedrooms | $140K | $120K | -14.3% |
| 5+ Bedrooms | - | $120K | N/A |
Summary: Orange Mound housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38%, 2 bedroom homes decreased by 38.6%, 3 bedroom homes decreased by 17.6%, 4 bedroom homes decreased by 14.3%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Orange Mound | $82.5K | $70K | -15.2% |
| Cooper Young | $372K | $276K | -25.8% |
Housing Supply in Orange Mound, TN
How many homes are available in Orange Mound, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 65 | 64 | -1.5% |
Summary: The Orange Mound real estate market had 64 homes for sale in April 2024, a 1.5% decrease compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 21 | +5.0% |
| 3 Bedrooms | 32 | 30 | -6.3% |
| 4 Bedrooms | 10 | 10 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Orange Mound 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 increased by 5%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 15 | 12 | -20.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Orange Mound, you may be able to get a good deal. 75% of homes here sold below asking price last month.
Summary: A total of 12 homes were sold or pending in Orange Mound in April 2024, down by 20.0% month-over-month. Of the 12 sold homes, 75% were sold under asking, 17% were sold at asking, and 8% were sold over asking.
Days on Market for Orange Mound, TN
We’re sorry, we don't have information for this market at the moment
