$7,719 Closing Credit*
$650,000
4,346 SqFt
4 Beds
•3 Full Baths
Todd Hicks, Listing Office: Keller Williams Realty Nashville/Franklin
Is Ardmore, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Ardmore has remained a Buyer's Market.
Key Takeaway
Ardmore is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Ardmore, TN
How much do homes in Ardmore, TN cost?
Median Sold Price
$273,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$36,700(-11.9%)
Key Takeaway
Homes in Ardmore have sold for 11.9% less than they did a year ago.
Summary: The median home sold price in Ardmore was $273,000 in October 2024, down 11.9% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $147K | N/A |
| 2 Bedrooms | $162.5K | $130K | -20.0% |
| 3 Bedrooms | $279.7K | $320K | +14.4% |
| 4 Bedrooms | $375K | - | N/A |
| 5+ Bedrooms | $587K | $355K | -39.5% |
Summary: Ardmore housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 20%, 3 bedroom homes increased by 14.4%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 39.5%.
Median Sold Price Compared To Nearby Cities
| Ardmore | $270K | $270K | 0.0% |
| Ardmore | $294.9K | $273K | -7.4% |
| Ardmore | $309.7K | $273K | -11.9% |
Housing Supply in Ardmore, TN
How many homes are available in Ardmore, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 23 | 24 | +4.3% |
Summary: The Ardmore real estate market had 24 homes for sale in October 2024, a 4.3% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 11 | 11 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 3 | 3 | 0.0% |
Summary: The Ardmore housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 0 | 3 | +100.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Ardmore, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Ardmore in October 2024, up by 100.0% month-over-month. Of the 3 sold homes, 67% were sold under asking, 0% were sold at asking, and 33% were sold over asking.
Days on Market for Ardmore, TN
How long does it take to sell a home in Ardmore, TN?
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Ardmore has remained consistent over time.
Summary: During October 2024, 3 homes were sold in Ardmore; 0% of homes were sold within 30 days, 33% 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.