$2,957 Closing Credit*
$249,000
1,066 SqFt
3 Beds
•1 Full Bath, 1 Partial
Tracy Jones Dreaden, Listing Office: Neighborhood Realtors
Is McEwen, 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, McEwen has remained a Seller's Market.
Key Takeaway
McEwen is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in McEwen, TN
How much do homes in McEwen, TN cost?
Median Sold Price
$240,000
$159/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
-$15,500(-6.1%)
Key Takeaway
Homes in McEwen have sold for 6.1% less than they did a year ago.
Summary: The median home sold price in McEwen was $240,000 in October 2024, down 6.1% from last year, and the median price per square foot was $159.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $179.4K | $224.8K | +25.3% |
| 3 Bedrooms | $256K | $243K | -5.1% |
| 4 Bedrooms | $324.4K | $270K | -16.8% |
| 5+ Bedrooms | - | $237.5K | N/A |
Summary: McEwen 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 25.3%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 16.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Cities
| Mc Ewen | $267.5K | $268.7K | 0.5% |
| McEwen | $255.5K | $240K | -6.1% |
Housing Supply in McEwen, TN
How many homes are available in McEwen, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 7 | 8 | +14.3% |
Summary: The McEwen real estate market had 8 homes for sale in October 2024, a 14.3% 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 | 1 | 1 | 0.0% |
| 3 Bedrooms | 3 | 5 | +66.7% |
| 4 Bedrooms | 2 | 1 | -50.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The McEwen 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 66.7%, 4 bedroom homes decreased by 50%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 2 | 3 | +50.0% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in McEwen, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in McEwen in October 2024, up by 50.0% month-over-month. Of the 3 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for McEwen, TN
How long does it take to sell a home in McEwen, TN?
Average Sale Time
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 8 Days | 112 Days | +1308.3% |
Summary: Homes in McEwen had an average of 112 days on market in Oct 2024, up by 1308.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Most homes in McEwen 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 McEwen; 0% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 67% 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.