Is Hickory Valley / Hamilton Place, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hickory Valley / Hamilton Place is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Hickory Valley / Hamilton Place was a Seller's Market.

Key Takeaway

Hickory Valley / Hamilton Place is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Hickory Valley / Hamilton Place, TN

How much do homes in Hickory Valley / Hamilton Place, TN cost?

Median Sold Price

$370,000

$188/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$31,166(+9.2%)

Key Takeaway

Homes in Hickory Valley / Hamilton Place have sold for 9.2% more than they did a year ago.

Summary: The median home sold price in Hickory Valley / Hamilton Place was $370,000 in November 2024, up 9.2% from last year, and the median price per square foot was $188.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $237K$237.5K
0.2%
2 $245K$280K
+14.3%
3 $335K$325K
-3.0%
4 $400K$430K
+7.5%
5+ $489K$549K
+12.3%

Summary: Hickory Valley / Hamilton Place housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 0.2%, 2 bedroom homes increased by 14.3%, 3 bedroom homes decreased by 3%, 4 bedroom homes increased by 7.5%, and 5+ bedroom homes increased by 12.3%.

Housing Supply in Hickory Valley / Hamilton Place, TN

How many homes are available in Hickory Valley / Hamilton Place, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
6458-9.4%

Summary: The Hickory Valley / Hamilton Place real estate market had 58 homes for sale in November 2024, a 9.4% decrease compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 21
-50.0%
2 45
+25.0%
3 3023
-23.3%
4 2019
-5.0%
5+ 810
+25.0%

Summary: The Hickory Valley / Hamilton Place housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 23.3%, 4 bedroom homes decreased by 5%, and 5+ bedroom homes increased by 25%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
146-57.1%

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

3 Homes Were Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

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

Summary: A total of 6 homes were sold or pending in Hickory Valley / Hamilton Place in November 2024, down by 57.1% month-over-month. Of the 6 sold homes, 50% were sold under asking, 50% were sold at asking, and 0% were sold over asking.

Days on Market for Hickory Valley / Hamilton Place, TN

How long does it take to sell a home in Hickory Valley / Hamilton Place, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
20 Days283 Days+1273.8%

Summary: Homes in Hickory Valley / Hamilton Place had an average of 283 days on market in Nov 2024, up by 1273.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

0 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Most homes in Hickory Valley / Hamilton Place are taking a long time to sell, it's a good idea to negotiate on homes here.

Summary: During November 2024, 6 homes were sold in Hickory Valley / Hamilton Place; 0% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 17% 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 22 Days Ago

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