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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Ardmore is a seller's market

Buyer's
Market

Difference Since Last Month

Last month, Ardmore was a Buyer'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

$300,000

$144/sqft

Based on all homes sold in December 2024.

Difference Since Last Month

+$33,000(+12.4%)

Key Takeaway

Homes in Ardmore have sold for 12.4% more than they did a month ago.

Summary: The median home sold price in Ardmore was $300,000 in December 2024, up 12.4% from last month, and the median price per square foot was $144.

Median Sold Price By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 --
N/A
2 --
N/A
3 $267K$300K
+12.4%
4 -$265K
N/A
5+ --
N/A

Summary: Ardmore housing prices by bedroom type for December 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes increased by 12.4%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.

Median Sold Price Compared To Nearby Cities

Ardmore
+14.9%
Ardmore
+12.4%
Ardmore
-12.2%
Elkton
-51.0%

Housing Supply in Ardmore, TN

How many homes are available in Ardmore, TN?

Number of Homes For Sale

Nov 2024Dec 2024CHANGE
2022+10.0%

Summary: The Ardmore real estate market had 22 homes for sale in December 2024, a 10.0% increase compared to November 2024.

Homes For Sale By Bedroom Count

# BEDSNov 2024Dec 2024CHANGE
1 00
0.0%
2 68
+33.3%
3 86
-25.0%
4 44
0.0%
5+ 24
+100.0%

Summary: The Ardmore housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 33.3%, 3 bedroom homes decreased by 25%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.

Number of Homes Sold

Nov 2024Dec 2024CHANGE
25+150.0%

Asking Price vs. Sold Price

5 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Ardmore, you may be able to get a good deal. 100% of homes here sold below asking price last month.

Summary: A total of 5 homes were sold or pending in Ardmore in December 2024, up by 150.0% month-over-month. Of the 5 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% 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 2024Dec 2024CHANGE
78 Days57 Days-26.9%

Summary: Homes in Ardmore had an average of 57 days on market in Dec 2024, down by 26.9% compared to last month.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

3 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 Ardmore has remained consistent over time.

Summary: During December 2024, 5 homes were sold in Ardmore; 0% of homes were sold within 30 days, 60% of homes were sold within 30 to 90 days, and 20% 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 2 Days Ago

Newest Listings in Ardmore, TN

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