$4,869 Closing Credit*
$410,000
1,465 SqFt
3 Beds
•1 Full Bath, 1 Partial
Amanda Lynch, Listing Office: Regal Realty Group
Is Hermitage Hills, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
Since last year, Hermitage Hills has remained a Seller's Market.
Key Takeaway
Hermitage Hills is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hermitage Hills, TN
How much do homes in Hermitage Hills, TN cost?
Median Sold Price
$383,000
$216/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$23,000(+6.4%)
Key Takeaway
Homes in Hermitage Hills have sold for 6.4% more than they did a year ago.
Summary: The median home sold price in Hermitage Hills was $383,000 in October 2024, up 6.4% from last year, and the median price per square foot was $216.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $293.5K | $294.5K | 0.3% |
| 3 Bedrooms | $362.5K | $380K | +4.8% |
| 4 Bedrooms | $379.9K | $389.5K | +2.5% |
| 5+ Bedrooms | $426K | $405K | -4.9% |
Summary: Hermitage Hills housing prices by bedroom type for October 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 0.3%, 3 bedroom homes increased by 4.8%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes decreased by 4.9%.
Median Sold Price Compared To Nearby Neighborhoods
| Hermitage Hills | $360K | $383K | +6.4% |
| Donelson / Hermitage | $379.9K | $403K | +6.1% |
Housing Supply in Hermitage Hills, TN
How many homes are available in Hermitage Hills, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 24 | 22 | -8.3% |
Summary: The Hermitage Hills real estate market had 22 homes for sale in October 2024, a 8.3% decrease compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 16 | 14 | -12.5% |
| 4 Bedrooms | 5 | 5 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Hermitage Hills housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 12.5%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 5 | 5 | 0.0% |
Asking Price vs. Sold Price
3 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 Hermitage Hills, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Hermitage Hills in October 2024, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 20% were sold at asking, and 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 23 Days | 21 Days | -10.7% |
Summary: Homes in Hermitage Hills had an average of 21 days on market in Oct 2024, down by 10.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hermitage Hills are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in Hermitage Hills; 80% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 20% 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.