Is Orange Mound, 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, Orange Mound has remained a Buyer's Market.
Key Takeaway
Orange Mound is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
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 the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Orange Mound have sold for 12.5% less than they did a year ago.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $54.3K | $75K | +38.0% |
| 2 Bedrooms | $70K | $44K | -37.1% |
| 3 Bedrooms | $82.5K | $70K | -15.2% |
| 4 Bedrooms | $140K | $102.4K | -26.8% |
| 5+ Bedrooms | - | $120K | N/A |
Summary: Orange Mound housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 38%, 2 bedroom homes decreased by 37.1%, 3 bedroom homes decreased by 15.2%, 4 bedroom homes decreased by 26.8%, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Bethel Grove | $51K | $75K | +47.1% |
| Cooper Young | $279.5K | $282K | +0.9% |
| Orange Mound | $80K | $70K | -12.5% |
Housing Supply in Orange Mound, TN
How many homes are available in Orange Mound, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 55 | 59 | +7.3% |
Summary: The Orange Mound real estate market had 59 homes for sale in May 2024, a 7.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 20 | 24 | +20.0% |
| 3 Bedrooms | 27 | 27 | 0.0% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 2 | 2 | 0.0% |
Summary: The Orange Mound housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 8 | -33.3% |
Asking Price vs. Sold Price
6 Homes Were Sold
Under Asking
1 Home Was 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. 75% of homes here sold below asking price last month.
Summary: A total of 8 homes were sold or pending in Orange Mound in May 2024, down by 33.3% month-over-month. Of the 8 sold homes, 75% were sold under asking, 13% were sold at asking, and 13% 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
