Is Belmont / Hillsboro, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Belmont / Hillsboro is a buyer's market

Buyer's
Market

Difference Since September 2023

At the same time last year, Belmont / Hillsboro was a Seller's Market.

Key Takeaway

Belmont / Hillsboro is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Belmont / Hillsboro, TN

How much do homes in Belmont / Hillsboro, TN cost?

Median Sold Price

$1,242,500

$451/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$344,750(+38.4%)

Key Takeaway

Homes in Belmont / Hillsboro have sold for 38.4% more than they did a year ago.

Summary: The median home sold price in Belmont / Hillsboro was $1,242,500 in September 2024, up 38.4% from last year, and the median price per square foot was $451.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $360K$397.5K
+10.4%
2 $590K$550K
-6.8%
3 $851.2K$995K
+16.9%
4 $1.2M$1.3M
+9.8%
5+ $2.1M$2.1M
0.4%

Summary: Belmont / Hillsboro housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 10.4%, 2 bedroom homes decreased by 6.8%, 3 bedroom homes increased by 16.9%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 0.4%.

Median Sold Price Compared To Nearby Neighborhoods

Belmont / Hillsboro
+38.4%
Hillsboro / West End
+16.1%
Green Hills / Midtown
+11.3%

Housing Supply in Belmont / Hillsboro, TN

How many homes are available in Belmont / Hillsboro, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
2631+19.2%

Summary: The Belmont / Hillsboro real estate market had 31 homes for sale in September 2024, a 19.2% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 25
+150.0%
2 67
+16.7%
3 99
0.0%
4 45
+25.0%
5+ 55
0.0%

Summary: The Belmont / Hillsboro housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 150%, 2 bedroom homes increased by 16.7%, 3 bedroom homes remained the same, 4 bedroom homes increased by 25%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
12+100.0%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Belmont / Hillsboro, you may be able to get a good deal. 50% of homes here sold below asking price last month.

Summary: A total of 2 homes were sold or pending in Belmont / Hillsboro in September 2024, up by 100.0% month-over-month. Of the 2 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Belmont / Hillsboro, TN

How long does it take to sell a home in Belmont / Hillsboro, TN?

Average Sale Time

Sep 2023Sep 2024CHANGE
44 Days5 Days-88.7%

Summary: Homes in Belmont / Hillsboro had an average of 5 days on market in Sep 2024, down by 88.7% compared to last year.

Breakdown of Home Sale Times

2 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During September 2024, 2 homes were sold in Belmont / Hillsboro; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% 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 5 Days Ago

Real Estate Agent illustration

Local real estate agents are ready to help you find a home here.

Connect With An Agent
Real Estate Agent illustration

Sell your home with an expert or get the job done on your own.

Sell My Home
Real Estate Agent illustration

Get a customizable mortgage solution based on today's rates.

Get Approved

Newest Listings in Belmont / Hillsboro, TN

Nearby Markets to Belmont / Hillsboro, TN

MLS Disclaimers and Copyright

Based on information from RealTracs Middle Tennessee Regional MLS for the period 10/01/2022 - 10/01/2024

IDX Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDX© 2024 of the REALTRACS MLS. All rights Reserved.

The data relating to this real estate for sale on this websites comes in part courtesy of the IDX program of the REALTRACS MLS. Real estate listings held by brokerage firms other than this broker are marked with the REALTRACS IDX Logo. REALTRACS and this broker deem all information reliable but not guaranteed, and should be independently verified. REALTRACS and this broker assume no responsibility for typographical errors, misprints or misinformation.

REALTRACS, this broker and their affiliates provide the MLS and all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 10/5/2024, 8:18:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Popular Cities with Homes for Sale in Tennessee