$160,000
30.42 Acres
Land
Joy Evers, e-Pro, PSA, C2EX, Listing Office: Veterans Realty Services
Is Mc Ewen, 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, Mc Ewen has remained a Seller's Market.
Key Takeaway
Mc Ewen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Mc Ewen, TN
How much do homes in Mc Ewen, TN cost?
Median Sold Price
$268,750
$181/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$1,250(+0.5%)
Key Takeaway
The sold price of homes in Mc Ewen has remained the same since last year.
Summary: The median home sold price in Mc Ewen was $268,750 in October 2024, up 0.5% from last year, and the median price per square foot was $181.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $197.4K | $242.4K | +22.8% |
| 3 Bedrooms | $265K | $277.5K | +4.7% |
| 4 Bedrooms | $270K | $243.2K | -9.9% |
| 5+ Bedrooms | $925K | $490K | -47.0% |
Summary: Mc Ewen 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 increased by 22.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 9.9%, and 5+ bedroom homes decreased by 47%.
Median Sold Price Compared To Nearby Cities
| Waverly | $216.5K | $244.3K | +12.8% |
| Mc Ewen | $267.5K | $268.7K | 0.5% |
| McEwen | $255.5K | $240K | -6.1% |
Housing Supply in Mc Ewen, TN
How many homes are available in Mc Ewen, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 25 | 28 | +12.0% |
Summary: The Mc Ewen real estate market had 28 homes for sale in October 2024, a 12.0% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 16 | 18 | +12.5% |
| 4 Bedrooms | 6 | 6 | 0.0% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Mc Ewen 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 remained the same, 3 bedroom homes increased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 6 | +50.0% |
Asking Price vs. Sold Price
4 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Mc Ewen, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Mc Ewen in October 2024, up by 50.0% month-over-month. Of the 6 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Mc Ewen, TN
How long does it take to sell a home in Mc Ewen, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 31 Days | 60 Days | +89.7% |
Summary: Homes in Mc Ewen had an average of 60 days on market in Oct 2024, up by 89.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Mc Ewen are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 6 homes were sold in Mc Ewen; 50% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 33% 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.