$10,000 Closing Credit*
$925,000
2,812 SqFt
3 Beds
•3 Full Baths
Listing Office: Block City Homes
Is Mc Donald, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Mc Donald was a Neutral Market.
Key Takeaway
Mc Donald is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Mc Donald, TN
How much do homes in Mc Donald, TN cost?
Median Sold Price
$534,000
$209/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$55,000(+11.5%)
Key Takeaway
Homes in Mc Donald have sold for 11.5% more than they did a year ago.
Summary: The median home sold price in Mc Donald was $534,000 in November 2024, up 11.5% from last year, and the median price per square foot was $209.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $86K | $185K | +115.1% |
| 3 Bedrooms | $365K | $536.2K | +46.9% |
| 4 Bedrooms | $510.5K | $535K | +4.8% |
| 5+ Bedrooms | $1.1M | $410K | -65.1% |
Summary: Mc Donald 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 115.1%, 3 bedroom homes increased by 46.9%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes decreased by 65.1%.
Median Sold Price Compared To Nearby Cities
| Mc Donald | $479K | $534K | +11.5% |
| Cleveland | $300K | $319.8K | +6.6% |
| Ooltewah | $448.7K | $464.6K | +3.6% |
| Collegedale | $454.5K | $465K | +2.3% |
| Georgetown | $450K | $425K | -5.6% |
Housing Supply in Mc Donald, TN
How many homes are available in Mc Donald, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 23 | 22 | -4.3% |
Summary: The Mc Donald real estate market had 22 homes for sale in November 2024, a 4.3% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 1 | 1 | 0.0% |
| 3 Bedrooms | 11 | 9 | -18.2% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 4 | 4 | 0.0% |
Summary: The Mc Donald 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 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mc Donald, you could pay more than the asking price. 66.7% of homes here sold above asking price last month.
Summary: A total of 3 homes were sold or pending in Mc Donald in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Mc Donald, TN
How long does it take to sell a home in Mc Donald, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 1 Day | 13 Days | +1200.0% |
Summary: Homes in Mc Donald had an average of 13 days on market in Nov 2024, up by 1200% 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
Key Takeaway
Many homes in Mc Donald are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Mc Donald; 33% 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.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms. 
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.