$589 Closing Credit*
$49,600
2 Beds
•1 Full Bath
Listing Office: Integrated Assets
Is Orange Mound, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since Last Month
Since last month, Orange Mound has remained a Neutral Market.
Key Takeaway
Orange Mound 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 Orange Mound, TN
How much do homes in Orange Mound, TN cost?
Median Sold Price
$70,000
-
Based on all homes sold in November 2024.
Difference Since Last Month
-$22,500(-24.3%)
Key Takeaway
Homes in Orange Mound have sold for 24.3% less than they did a month ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $30K | $42K | +40.0% |
| 3 Bedrooms | $95K | $75K | -21.1% |
| 4 Bedrooms | - | $54.9K | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: Orange Mound housing prices by bedroom type for November 2024 compared to the previous month: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 40%, 3 bedroom homes decreased by 21.1%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Cooper Young | $351.9K | $305K | -13.3% |
| Orange Mound | $92.5K | $70K | -24.3% |
Housing Supply in Orange Mound, TN
How many homes are available in Orange Mound, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 51 | 62 | +21.6% |
Summary: The Orange Mound real estate market had 62 homes for sale in November 2024, a 21.6% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 15 | 20 | +33.3% |
| 3 Bedrooms | 28 | 31 | +10.7% |
| 4 Bedrooms | 7 | 9 | +28.6% |
| 5+ Bedrooms | 0 | 1 | +100.0% |
Summary: The Orange Mound 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 increased by 33.3%, 3 bedroom homes increased by 10.7%, 4 bedroom homes increased by 28.6%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 8 | 10 | +25.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Orange Mound, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 10 homes were sold or pending in Orange Mound in November 2024, up by 25.0% month-over-month. Of the 10 sold homes, 50% were sold under asking, 40% were sold at asking, and 10% were sold over asking.
Days on Market for Orange Mound, TN
We’re sorry, we don't have information for this market at the moment
