$2,957 Closing Credit*
$249,000
1,184 SqFt
2 Beds
•1 Full Bath, 1 Partial
Cynthia Clark, Listing Office: Realty One Group Music City
Is Spring 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, Spring Hill has remained a Seller's Market.
Key Takeaway
Spring Hill is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Spring Hill, TN
How much do homes in Spring Hill, TN cost?
Median Sold Price
$485,457
$234/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$2,469(-0.5%)
Key Takeaway
Homes in Spring Hill have sold for 0.5% less than they did a year ago.
Summary: The median home sold price in Spring Hill was $485,457 in November 2024, down 0.5% from last year, and the median price per square foot was $234.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $501.5K | - | N/A |
| 2 Bedrooms | $340K | $338.5K | -0.4% |
| 3 Bedrooms | $429.5K | $437.4K | +1.8% |
| 4 Bedrooms | $539.9K | $572.5K | +6.0% |
| 5+ Bedrooms | $680K | $724.9K | +6.6% |
Summary: Spring 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 decreased by 0.4%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 6%, and 5+ bedroom homes increased by 6.6%.
Median Sold Price Compared To Nearby Cities
| Columbia | $347.2K | $388.9K | +12.0% |
| Thompson's Station | $724.4K | $777.5K | +7.3% |
| Spring Hill | $487.9K | $485.4K | -0.5% |
Housing Supply in Spring Hill, TN
How many homes are available in Spring Hill, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 481 | 437 | -9.1% |
Summary: The Spring Hill real estate market had 437 homes for sale in November 2024, a 9.1% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 44 | 44 | 0.0% |
| 3 Bedrooms | 226 | 201 | -11.1% |
| 4 Bedrooms | 155 | 142 | -8.4% |
| 5+ Bedrooms | 55 | 49 | -10.9% |
Summary: The Spring 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 decreased by 11.1%, 4 bedroom homes decreased by 8.4%, and 5+ bedroom homes decreased by 10.9%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 109 | 83 | -23.9% |
Asking Price vs. Sold Price
47 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
11 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Spring Hill, you may be able to get a good deal. 56.6% of homes here sold below asking price last month.
Summary: A total of 83 homes were sold or pending in Spring Hill in November 2024, down by 23.9% month-over-month. Of the 83 sold homes, 57% were sold under asking, 30% were sold at asking, and 13% were sold over asking.
Days on Market for Spring Hill, TN
How long does it take to sell a home in Spring Hill, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 27 Days | 41 Days | +51.1% |
Summary: Homes in Spring Hill had an average of 41 days on market in Nov 2024, up by 51.1% compared to last year.
Breakdown of Home Sale Times
39 Homes Were Sold
Under 30 Days
33 Homes Were Sold
In 30 - 90 Days
10 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Spring Hill are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 83 homes were sold in Spring Hill; 47% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 12% 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.