Is Mc Ewen, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Mc Ewen has remained a Seller's Market.
Housing Prices in Mc Ewen, TN
How much do homes in Mc Ewen, TN cost?
Median Sold Price
$282,450
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Mc Ewen was $282,450 in April 2024, up 4.6% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $209.5K | $179.4K | -14.3% |
3 Bedrooms | $274K | $285K | +4.0% |
4 Bedrooms | $275K | $283.8K | +3.2% |
5+ Bedrooms | $1.5M | $1.1M | -27.0% |
Summary: Mc Ewen 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 decreased by 14.3%, 3 bedroom homes increased by 4%, 4 bedroom homes increased by 3.2%, and 5+ bedroom homes decreased by 27%.
Median Sold Price Compared To Nearby Cities
Waverly | $180K | $227.5K | +26.4% |
Mc Ewen | $270K | $282.4K | +4.6% |
Housing Supply in Mc Ewen, TN
How many homes are available in Mc Ewen, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
13 | 21 | +61.5% |
Summary: The Mc Ewen real estate market had 21 homes for sale in April 2024, a 61.5% increase 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 | 0 | 1 | +100.0% |
3 Bedrooms | 10 | 13 | +30.0% |
4 Bedrooms | 1 | 3 | +200.0% |
5+ Bedrooms | 2 | 4 | +100.0% |
Summary: The Mc Ewen 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 100%, 3 bedroom homes increased by 30%, 4 bedroom homes increased by 200%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
1 | 6 | +500.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 6 homes were sold or pending in Mc Ewen in April 2024, up by 500.0% month-over-month. Of the 6 sold homes, 33% were sold under asking, 50% were sold at asking, and 17% 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
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
18 Days | 32 Days | +75.9% |
Summary: Homes in Mc Ewen had an average of 32 days on market in Apr 2024, up by 75.9% compared to last year.
Breakdown of Home Sale Times
3 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, 6 homes were sold in Mc Ewen; 50% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 17% of homes were sold over 90 days.