$2,197 Closing Credit*
$185,000
1,024 SqFt
2 Beds
•1 Full Bath
Jay Butler, Listing Office: Butler Realty
Is Ardmore, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Ardmore has remained a Seller's Market.
Key Takeaway
Ardmore is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Ardmore, TN
How much do homes in Ardmore, TN cost?
Median Sold Price
$270,000
$153/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$10,000(+3.8%)
Key Takeaway
Homes in Ardmore have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Ardmore was $270,000 in November 2024, up 3.8% from last year, and the median price per square foot was $153.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $147K | - | N/A |
| 2 Bedrooms | $162.5K | $170K | +4.6% |
| 3 Bedrooms | $232.4K | $273K | +17.4% |
| 4 Bedrooms | $380K | $850K | +123.7% |
| 5+ Bedrooms | $587K | $355K | -39.5% |
Summary: Ardmore housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 4.6%, 3 bedroom homes increased by 17.4%, 4 bedroom homes increased by 123.7%, and 5+ bedroom homes decreased by 39.5%.
Median Sold Price Compared To Nearby Cities
| Ardmore | $260K | $270K | +3.8% |
| Ardmore | $267K | $275K | +3.0% |
| Ardmore | $277.4K | $273K | -1.6% |
| Madison Crossroads | $297K | $285K | -4.0% |
Housing Supply in Ardmore, TN
How many homes are available in Ardmore, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 23 | -4.2% |
Summary: The Ardmore real estate market had 23 homes for sale in November 2024, a 4.2% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 7 | 7 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Ardmore housing inventory by bedroom type for November 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 18.2%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 4 | +33.3% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Ardmore, 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 Ardmore in November 2024, up by 33.3% month-over-month. Of the 4 sold homes, 50% were sold under asking, 0% were sold at asking, and 50% were sold over asking.
Days on Market for Ardmore, TN
How long does it take to sell a home in Ardmore, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 83 Days | 50 Days | -40.3% |
Summary: Homes in Ardmore had an average of 50 days on market in Nov 2024, down by 40.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ardmore are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 4 homes were sold in Ardmore; 25% of homes were sold within 30 days, 25% 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.