$3,099,900
6,466 SqFt
5 Beds
•6 Full Baths, 1 Partial
Robert Drimmer, Listing Office: Compass Tennessee, LLC
Is Oak Hill, 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, Oak Hill has remained a Buyer's Market.
Key Takeaway
Oak Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Oak Hill, TN
How much do homes in Oak Hill, TN cost?
Median Sold Price
$1,950,000
$467/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$42,500(+2.2%)
Key Takeaway
Homes in Oak Hill have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Oak Hill was $1,950,000 in November 2024, up 2.2% from last year, and the median price per square foot was $467.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | - | $1.4M | N/A |
| 3 Bedrooms | $1.0M | $1.0M | -4.2% |
| 4 Bedrooms | $1.6M | $1.2M | -26.1% |
| 5+ Bedrooms | $3.1M | $3.0M | -4.8% |
Summary: Oak Hill 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 did not change, 3 bedroom homes decreased by 4.2%, 4 bedroom homes decreased by 26.1%, and 5+ bedroom homes decreased by 4.8%.
Median Sold Price Compared To Nearby Cities
| Forest Hills | $1.9M | $2.1M | +6.3% |
| Nashville | $511.9K | $531.2K | +3.8% |
| Oak Hill | $1.9M | $1.9M | +2.2% |
Housing Supply in Oak Hill, TN
How many homes are available in Oak Hill, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 46 | 51 | +10.9% |
Summary: The Oak Hill real estate market had 51 homes for sale in November 2024, a 10.9% 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 | 0 | 0 | 0.0% |
| 3 Bedrooms | 3 | 4 | +33.3% |
| 4 Bedrooms | 17 | 20 | +17.6% |
| 5+ Bedrooms | 26 | 27 | +3.8% |
Summary: The Oak Hill 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 remained the same, 3 bedroom homes increased by 33.3%, 4 bedroom homes increased by 17.6%, and 5+ bedroom homes increased by 3.8%.
Number of Homes Sold
| Oct 2024 | Nov 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 Oak Hill, 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 Oak Hill in November 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 Oak Hill, TN
How long does it take to sell a home in Oak Hill, TN?
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Oak Hill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 5 homes were sold in Oak Hill; 60% of homes were sold within 30 days, 40% 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.