Is McEwen, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing McEwen is a 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

# BEDSOct 2023Oct 2024CHANGE
1 --
N/A
2 $179.4K$224.8K
+25.3%
3 $256K$243K
-5.1%
4 $324.4K$270K
-16.8%
5+ -$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
0.5%
McEwen
-6.1%

Housing Supply in McEwen, TN

How many homes are available in McEwen, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
78+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

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 11
0.0%
3 35
+66.7%
4 21
-50.0%
5+ 11
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 2024Oct 2024CHANGE
23+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

Asking vs Sold - buyer

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 2023Oct 2024CHANGE
8 Days112 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 20 Days Ago

Newest Listings in McEwen, TN

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