Is Ardmore, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Ardmore was a Neutral Market.
Housing Prices in Ardmore, TN
How much do homes in Ardmore, TN cost?
Median Sold Price
$273,000
$156/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ardmore was $273,000 in May 2024, up 1.5% from last year, and the median price per square foot was $156.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $147K | N/A |
2 Bedrooms | $167K | $163.4K | -2.1% |
3 Bedrooms | $290K | $273K | -5.9% |
4 Bedrooms | $374K | $609.9K | +63.1% |
5+ Bedrooms | $587K | $355K | -39.5% |
Summary: Ardmore housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 2.1%, 3 bedroom homes decreased by 5.9%, 4 bedroom homes increased by 63.1%, and 5+ bedroom homes decreased by 39.5%.
Median Sold Price Compared To Nearby Cities
Ardmore | $264.5K | $273K | +3.2% |
Ardmore | $269K | $273K | +1.5% |
Housing Supply in Ardmore, TN
How many homes are available in Ardmore, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
13 | 13 | 0.0% |
Summary: The Ardmore real estate market had 13 homes for sale in May 2024, the same as April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 3 | 3 | 0.0% |
3 Bedrooms | 5 | 4 | -20.0% |
4 Bedrooms | 3 | 3 | 0.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The Ardmore housing inventory by bedroom type for May 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 20%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
2 | 1 | -50.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 1 homes were sold or pending in Ardmore in May 2024, down by 50.0% month-over-month. Of the 1 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
May 2023 | May 2024 | CHANGE |
---|---|---|
12 Days | 22 Days | +83.3% |
Summary: Homes in Ardmore had an average of 22 days on market in May 2024, up by 83.3% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1 homes were sold in Ardmore; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.