$10,000 Closing Credit*
$899,500
3,318 SqFt
4 Beds
•3 Full Baths, 1 Partial
Tamara Behrens, Listing Office: Keller Williams Realty Nashville/Franklin
Is Thompson's Station, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Thompson's Station was a Seller's Market.
Key Takeaway
Thompson's Station is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Thompson's Station, TN
How much do homes in Thompson's Station, TN cost?
Median Sold Price
$777,525
$283/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$53,091(+7.3%)
Key Takeaway
Homes in Thompson's Station have sold for 7.3% more than they did a year ago.
Summary: The median home sold price in Thompson's Station was $777,525 in November 2024, up 7.3% from last year, and the median price per square foot was $283.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.6M | - | N/A |
| 2 Bedrooms | $500K | $645.6K | +29.1% |
| 3 Bedrooms | $520K | $559.9K | +7.7% |
| 4 Bedrooms | $790K | $839.5K | +6.3% |
| 5+ Bedrooms | $1.3M | $1.2M | -4.3% |
Summary: Thompson's Station 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 29.1%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 6.3%, and 5+ bedroom homes decreased by 4.3%.
Median Sold Price Compared To Nearby Cities
| Thompson's Station | $724.4K | $777.5K | +7.3% |
| Spring Hill | $487.9K | $485.4K | -0.5% |
Housing Supply in Thompson's Station, TN
How many homes are available in Thompson's Station, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 89 | 85 | -4.5% |
Summary: The Thompson's Station real estate market had 85 homes for sale in November 2024, a 4.5% decrease 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 36 | 32 | -11.1% |
| 4 Bedrooms | 31 | 27 | -12.9% |
| 5+ Bedrooms | 20 | 24 | +20.0% |
Summary: The Thompson's Station 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 12.9%, and 5+ bedroom homes increased by 20%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 15 | 11 | -26.7% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thompson's Station, you may be able to get a good deal. 72.7% of homes here sold below asking price last month.
Summary: A total of 11 homes were sold or pending in Thompson's Station in November 2024, down by 26.7% month-over-month. Of the 11 sold homes, 73% were sold under asking, 9% were sold at asking, and 18% were sold over asking.
Days on Market for Thompson's Station, TN
How long does it take to sell a home in Thompson's Station, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 44 Days | 42 Days | -4.3% |
Summary: Homes in Thompson's Station had an average of 42 days on market in Nov 2024, down by 4.3% compared to last year.
Breakdown of Home Sale Times
5 Homes Were Sold
Under 30 Days
5 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Thompson's Station are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 11 homes were sold in Thompson's Station; 45% of homes were sold within 30 days, 45% of homes were sold within 30 to 90 days, and 9% 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.