$10,000 Closing Credit*
$1,149,000
3,573 SqFt
4 Beds
•3 Full Baths, 2 Partial
Hailey Gillum Caduff, Listing Office: Compass RE
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 October 2023
Since last year, Thompson's Station has remained a Buyer'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
$759,524
$280/sqft
Based on all homes sold in the last 12 months.
Difference Since October 2023
+$20,112(+2.7%)
Key Takeaway
Homes in Thompson's Station have sold for 2.7% more than they did a year ago.
Summary: The median home sold price in Thompson's Station was $759,524 in October 2024, up 2.7% from last year, and the median price per square foot was $280.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.6M | - | N/A |
| 2 Bedrooms | $515K | $643.1K | +24.9% |
| 3 Bedrooms | $515K | $554.9K | +7.7% |
| 4 Bedrooms | $800K | $828.6K | +3.6% |
| 5+ Bedrooms | $1.2M | $1.2M | -2.3% |
Summary: Thompson's Station 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 increased by 24.9%, 3 bedroom homes increased by 7.7%, 4 bedroom homes increased by 3.6%, and 5+ bedroom homes decreased by 2.3%.
Median Sold Price Compared To Nearby Cities
| Thompson's Station | $739.4K | $759.5K | +2.7% |
| Spring Hill | $490K | $480.6K | -1.9% |
Housing Supply in Thompson's Station, TN
How many homes are available in Thompson's Station, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 89 | 101 | +13.5% |
Summary: The Thompson's Station real estate market had 101 homes for sale in October 2024, a 13.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 2 | 2 | 0.0% |
| 3 Bedrooms | 35 | 39 | +11.4% |
| 4 Bedrooms | 26 | 32 | +23.1% |
| 5+ Bedrooms | 26 | 28 | +7.7% |
Summary: The Thompson's Station 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 remained the same, 3 bedroom homes increased by 11.4%, 4 bedroom homes increased by 23.1%, and 5+ bedroom homes increased by 7.7%.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 15 | 13 | -13.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thompson's Station, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Thompson's Station in October 2024, down by 13.3% month-over-month. Of the 13 sold homes, 38% were sold under asking, 46% were sold at asking, and 15% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 30 Days | 56 Days | +84.3% |
Summary: Homes in Thompson's Station had an average of 56 days on market in Oct 2024, up by 84.3% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
4 Homes Were 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 October 2024, 13 homes were sold in Thompson's Station; 54% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 31% 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.