Is Ten Mile, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Ten Mile has remained a Buyer's Market.
Housing Prices in Ten Mile, TN
How much do homes in Ten Mile, TN cost?
Median Sold Price
$450,000
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Ten Mile was $450,000 in May 2024, up 17.6% from last year, and the median price per square foot was $220.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $329.9K | $279.9K | -15.2% |
2 Bedrooms | $290K | $241.2K | -16.8% |
3 Bedrooms | $392.5K | $401.7K | +2.4% |
4 Bedrooms | $842.4K | $800K | -5.0% |
5+ Bedrooms | $782.4K | $1.3M | +67.7% |
Summary: Ten Mile housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 15.2%, 2 bedroom homes decreased by 16.8%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 67.7%.
Housing Supply in Ten Mile, TN
How many homes are available in Ten Mile, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
38 | 43 | +13.2% |
Summary: The Ten Mile real estate market had 43 homes for sale in May 2024, a 13.2% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 1 | +100.0% |
2 Bedrooms | 5 | 5 | 0.0% |
3 Bedrooms | 18 | 23 | +27.8% |
4 Bedrooms | 13 | 12 | -7.7% |
5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Ten Mile housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes remained the same, 3 bedroom homes increased by 27.8%, 4 bedroom homes decreased by 7.7%, and 5+ bedroom homes remained the same.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Summary: A total of 5 homes were sold or pending in Ten Mile in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% were sold over asking.
Days on Market for Ten Mile, TN
How long does it take to sell a home in Ten Mile, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
160 Days | 55 Days | -65.7% |
Summary: Homes in Ten Mile had an average of 55 days on market in May 2024, down by 65.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Summary: During May 2024, 5 homes were sold in Ten Mile; 40% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 40% of homes were sold over 90 days.