$59,500
2.00 Acres
Land
Amy Ladd, Listing Office: Crye-Leike, Inc., REALTORS
Is Mc Ewen, 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 Ewen was a Seller's Market.
Key Takeaway
Mc Ewen is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Mc Ewen, TN
How much do homes in Mc Ewen, TN cost?
Median Sold Price
$278,700
$182/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$8,700(+3.2%)
Key Takeaway
Homes in Mc Ewen have sold for 3.2% more than they did a year ago.
Summary: The median home sold price in Mc Ewen was $278,700 in November 2024, up 3.2% from last year, and the median price per square foot was $182.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179.4K | $260K | +44.9% |
| 3 Bedrooms | $272K | $278.7K | +2.5% |
| 4 Bedrooms | $297.2K | $243.2K | -18.2% |
| 5+ Bedrooms | $925K | $490K | -47.0% |
Summary: Mc Ewen 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 44.9%, 3 bedroom homes increased by 2.5%, 4 bedroom homes decreased by 18.2%, and 5+ bedroom homes decreased by 47%.
Median Sold Price Compared To Nearby Cities
| Waverly | $215K | $249.9K | +16.3% |
| Mc Ewen | $270K | $278.7K | +3.2% |
Housing Supply in Mc Ewen, TN
How many homes are available in Mc Ewen, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 29 | 28 | -3.4% |
Summary: The Mc Ewen real estate market had 28 homes for sale in November 2024, a 3.4% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 0 | -100.0% |
| 3 Bedrooms | 19 | 19 | 0.0% |
| 4 Bedrooms | 6 | 7 | +16.7% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Mc Ewen 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 decreased by 100%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 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. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Mc Ewen in November 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 50% 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
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 16 Days | 25 Days | +57.7% |
Summary: Homes in Mc Ewen had an average of 25 days on market in Nov 2024, up by 57.7% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 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 November 2024, 4 homes were sold in Mc Ewen; 75% of homes were sold within 30 days, 25% 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.