Is Old Hickory, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Hickory is a buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Old Hickory was a Seller's Market.

Key Takeaway

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

Housing Prices in Old Hickory, TN

How much do homes in Old Hickory, TN cost?

Median Sold Price

$395,000

$240/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$34,500(+9.6%)

Key Takeaway

Homes in Old Hickory have sold for 9.6% more than they did a year ago.

Summary: The median home sold price in Old Hickory was $395,000 in November 2024, up 9.6% from last year, and the median price per square foot was $240.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $195K-
N/A
2 $294.9K$295.9K
0.4%
3 $365K$394K
+7.9%
4 $501.1K$501K
0%
5+ $650K$549.9K
-15.4%

Summary: Old Hickory 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 0.4%, 3 bedroom homes increased by 7.9%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 15.4%.

Median Sold Price Compared To Nearby Cities

Old Hickory
+9.6%
Mount Juliet
+7.0%
Hermitage
+5.3%
Hendersonville
+4.3%

Housing Supply in Old Hickory, TN

How many homes are available in Old Hickory, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
145152+4.8%

Summary: The Old Hickory real estate market had 152 homes for sale in November 2024, a 4.8% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 00
0.0%
2 1818
0.0%
3 7475
+1.4%
4 4147
+14.6%
5+ 1212
0.0%

Summary: The Old Hickory 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 1.4%, 4 bedroom homes increased by 14.6%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
2620-23.1%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

5 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Hickory, you may be able to get a good deal. 65% of homes here sold below asking price last month.

Summary: A total of 20 homes were sold or pending in Old Hickory in November 2024, down by 23.1% month-over-month. Of the 20 sold homes, 65% were sold under asking, 25% were sold at asking, and 10% were sold over asking.

Days on Market for Old Hickory, TN

How long does it take to sell a home in Old Hickory, TN?

Average Sale Time

Nov 2023Nov 2024CHANGE
26 Days38 Days+43.7%

Summary: Homes in Old Hickory had an average of 38 days on market in Nov 2024, up by 43.7% compared to last year.

Breakdown of Home Sale Times

13 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Old Hickory are selling fast, if you're buying plan to act quickly.

Summary: During November 2024, 20 homes were sold in Old Hickory; 65% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 15% 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 21 Days Ago

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