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 October 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

$241/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2023

+$34,833(+9.7%)

Key Takeaway

Homes in Old Hickory have sold for 9.7% more than they did a year ago.

Summary: The median home sold price in Old Hickory was $395,000 in October 2024, up 9.7% from last year, and the median price per square foot was $241.

Median Sold Price By Bedroom Count

# BEDSOct 2023Oct 2024CHANGE
1 -$195K
N/A
2 $294.9K$295K
0.0%
3 $365K$392.8K
+7.6%
4 $525K$501K
-4.6%
5+ $900K$524.4K
-41.7%

Summary: Old Hickory 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 did not change, 3 bedroom homes increased by 7.6%, 4 bedroom homes decreased by 4.6%, and 5+ bedroom homes decreased by 41.7%.

Median Sold Price Compared To Nearby Cities

Old Hickory
+9.7%
Mount Juliet
+4.1%
Hermitage
+3.7%
Hendersonville
+3.1%

Housing Supply in Old Hickory, TN

How many homes are available in Old Hickory, TN?

Number of Homes For Sale

Sep 2024Oct 2024CHANGE
145163+12.4%

Summary: The Old Hickory real estate market had 163 homes for sale in October 2024, a 12.4% increase compared to September 2024.

Homes For Sale By Bedroom Count

# BEDSSep 2024Oct 2024CHANGE
1 00
0.0%
2 1820
+11.1%
3 7986
+8.9%
4 3745
+21.6%
5+ 1112
+9.1%

Summary: The Old Hickory 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 increased by 11.1%, 3 bedroom homes increased by 8.9%, 4 bedroom homes increased by 21.6%, and 5+ bedroom homes increased by 9.1%.

Number of Homes Sold

Sep 2024Oct 2024CHANGE
3323-30.3%

Asking Price vs. Sold Price

9 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

7 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. 39.1% of homes here sold below asking price last month.

Summary: A total of 23 homes were sold or pending in Old Hickory in October 2024, down by 30.3% month-over-month. Of the 23 sold homes, 39% were sold under asking, 30% were sold at asking, and 30% 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

Oct 2023Oct 2024CHANGE
15 Days27 Days+76.4%

Summary: Homes in Old Hickory had an average of 27 days on market in Oct 2024, up by 76.4% compared to last year.

Breakdown of Home Sale Times

17 Homes Were Sold
Under 30 Days

5 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 October 2024, 23 homes were sold in Old Hickory; 74% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 4% 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 20 Days Ago

Newest Listings in Old Hickory, TN

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