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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hendersonville is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Hendersonville has remained a Seller's Market.

Key Takeaway

Hendersonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$36,281(+7.6%)

Key Takeaway

Homes in Hendersonville have sold for 7.6% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $292.5K-
N/A
2 $408.9K$395K
-3.4%
3 $420K$429.5K
+2.3%
4 $615K$610.7K
-0.7%
5+ $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
+7.6%
Gallatin
+4.5%
Old Hickory
+2.7%
Goodlettsville
-1.7%
Goodlettsville
-2.1%

Housing Supply in Hendersonville, TN

How many homes are available in Hendersonville, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
391437+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

# BEDSApr 2024May 2024CHANGE
1 00
0.0%
2 2430
+25.0%
3 163180
+10.4%
4 164174
+6.1%
5+ 4053
+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 2024May 2024CHANGE
85105+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hendersonville, you may be able to get a good deal. 45.2% of homes here sold below asking price last month.

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 2023May 2024CHANGE
19 Days21 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Hendersonville are selling fast, if you're buying plan to act quickly.

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.

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

Report Updated 1 Day Ago

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