Is Hendersonville, 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, Hendersonville has remained a Seller's Market.
Housing Prices in Hendersonville, TN
How much do homes in Hendersonville, TN cost?
Median Sold Price
$512,762
$225/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Hendersonville was $512,762 in May 2024, up 7.6% from last year, and the median price per square foot was $225.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $292.5K | - | N/A |
2 Bedrooms | $408.9K | $395K | -3.4% |
3 Bedrooms | $420K | $429.5K | +2.3% |
4 Bedrooms | $615K | $610.7K | -0.7% |
5+ Bedrooms | $725.6K | $755.7K | +4.1% |
Summary: Hendersonville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 3.4%, 3 bedroom homes increased by 2.3%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes increased by 4.1%.
Median Sold Price Compared To Nearby Cities
Hendersonville | $476.4K | $512.7K | +7.6% |
Gallatin | $428.3K | $447.7K | +4.5% |
Old Hickory | $375K | $385K | +2.7% |
Goodlettsville | $402.4K | $395.5K | -1.7% |
Goodlettsville | $400K | $391.5K | -2.1% |
Housing Supply in Hendersonville, TN
How many homes are available in Hendersonville, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
391 | 437 | +11.8% |
Summary: The Hendersonville real estate market had 437 homes for sale in May 2024, a 11.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 24 | 30 | +25.0% |
3 Bedrooms | 163 | 180 | +10.4% |
4 Bedrooms | 164 | 174 | +6.1% |
5+ Bedrooms | 40 | 53 | +32.5% |
Summary: The Hendersonville 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 25%, 3 bedroom homes increased by 10.4%, 4 bedroom homes increased by 6.1%, and 5+ bedroom homes increased by 32.5%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
85 | 105 | +23.5% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
41 Homes Were Sold
At Asking
16 Homes Were Sold
Over Asking
Summary: A total of 105 homes were sold or pending in Hendersonville in May 2024, up by 23.5% month-over-month. Of the 104 sold homes, 45% were sold under asking, 39% were sold at asking, and 15% were sold over asking.
Days on Market for Hendersonville, TN
How long does it take to sell a home in Hendersonville, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
19 Days | 21 Days | +14.2% |
Summary: Homes in Hendersonville had an average of 21 days on market in May 2024, up by 14.2% compared to last year.
Breakdown of Home Sale Times
82 Homes Were Sold
Under 30 Days
14 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Summary: During May 2024, 105 homes were sold in Hendersonville; 78% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.