$4,155 Closing Credit*
$349,900
1,376 SqFt
3 Beds
•2 Full Baths
Holley Booker, Listing Office: Bellshire Realty, LLC
Is Hermitage Hills, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, Hermitage Hills has remained a Buyer's Market.
Key Takeaway
Hermitage Hills is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Hermitage Hills, TN
How much do homes in Hermitage Hills, TN cost?
Median Sold Price
$383,000
$226/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$18,000(+4.9%)
Key Takeaway
Homes in Hermitage Hills have sold for 4.9% more than they did a year ago.
Summary: The median home sold price in Hermitage Hills was $383,000 in November 2024, up 4.9% from last year, and the median price per square foot was $226.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $293.5K | $303K | +3.2% |
| 3 Bedrooms | $365K | $380K | +4.1% |
| 4 Bedrooms | $379.9K | $394K | +3.7% |
| 5+ Bedrooms | $449K | $385K | -14.3% |
Summary: Hermitage Hills housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.2%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes decreased by 14.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Donelson / Hermitage | $380K | $409.5K | +7.8% |
| Hermitage Hills | $365K | $383K | +4.9% |
Housing Supply in Hermitage Hills, TN
How many homes are available in Hermitage Hills, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 21 | 22 | +4.8% |
Summary: The Hermitage Hills real estate market had 22 homes for sale in November 2024, a 4.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 1 | -50.0% |
| 3 Bedrooms | 14 | 14 | 0.0% |
| 4 Bedrooms | 4 | 4 | 0.0% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Hermitage Hills housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 50%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 3 | -40.0% |
Asking Price vs. Sold Price
0 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hermitage Hills, expect to pay close to the asking price. 66.7% of homes here sold near the asking price last month.
Summary: A total of 3 homes were sold or pending in Hermitage Hills in November 2024, down by 40.0% month-over-month. Of the 3 sold homes, 0% were sold under asking, 67% were sold at asking, and 33% were sold over asking.
Days on Market for Hermitage Hills, TN
How long does it take to sell a home in Hermitage Hills, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 10 Days | 11 Days | +16.7% |
Summary: Homes in Hermitage Hills had an average of 11 days on market in Nov 2024, up by 16.7% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hermitage Hills are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Hermitage Hills; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.