$10,000 Closing Credit*
$990,000
1,956 SqFt
4 Beds
•3 Full Baths
Listing Office: Blue Key Properties LLC
Is Mc Donald, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, Mc Donald was a Seller's 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
$472,450
$204/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$6,550(-1.4%)
Key Takeaway
Homes in Mc Donald have sold for 1.4% less than they did a year ago.
Summary: The median home sold price in Mc Donald was $472,450 in October 2024, down 1.4% from last year, and the median price per square foot was $204.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $155K | N/A |
| 3 Bedrooms | $365K | $523.1K | +43.3% |
| 4 Bedrooms | $510K | $541.5K | +6.2% |
| 5+ Bedrooms | $1.1M | $342.5K | -70.9% |
Summary: Mc Donald 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 did not change, 3 bedroom homes increased by 43.3%, 4 bedroom homes increased by 6.2%, and 5+ bedroom homes decreased by 70.9%.
Median Sold Price Compared To Nearby Cities
| Ooltewah | $440.6K | $467.8K | +6.2% |
| Cleveland | $301.8K | $318.2K | +5.4% |
| Collegedale | $454.5K | $469.7K | +3.4% |
| Georgetown | $424.5K | $429.9K | +1.3% |
| Mc Donald | $479K | $472.4K | -1.4% |
Housing Supply in Mc Donald, TN
How many homes are available in Mc Donald, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 37 | 28 | -24.3% |
Summary: The Mc Donald real estate market had 28 homes for sale in October 2024, a 24.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 1 | -50.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 18 | 13 | -27.8% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 5 | 5 | 0.0% |
Summary: The Mc Donald housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes remained the same, 3 bedroom homes decreased by 27.8%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 3 | -57.1% |
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 October 2024, down by 57.1% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 100 Days | +220.0% |
Summary: Homes in Mc Donald had an average of 100 days on market in Oct 2024, up by 220% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Most homes in Mc Donald are taking a long time to sell, it's a good idea to negotiate on homes here.
Summary: During October 2024, 3 homes were sold in Mc Donald; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 33% 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.