Is Hendersonville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hendersonville has remained a Seller's Market.
Housing Prices in Hendersonville, TN
How much do homes in Hendersonville, TN cost?
Median Sold Price
$499,949
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Hendersonville was $499,949 in April 2024, up 3.8% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $292.5K | - | N/A |
2 Bedrooms | $404.9K | $404.9K | 0.0% |
3 Bedrooms | $425K | $424.9K | 0% |
4 Bedrooms | $615K | $601.9K | -2.1% |
5+ Bedrooms | $753.9K | $752.5K | -0.2% |
Summary: Hendersonville housing prices by bedroom type for April 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 did not change, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
Gallatin | $424.9K | $445.6K | +4.8% |
Hendersonville | $481.7K | $499.9K | +3.8% |
Old Hickory | $377.7K | $379.9K | +0.6% |
Goodlettsville | $404.5K | $390.1K | -3.5% |
Goodlettsville | $407.5K | $391.8K | -3.9% |
Housing Supply in Hendersonville, TN
How many homes are available in Hendersonville, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
315 | 376 | +19.4% |
Summary: The Hendersonville real estate market had 376 homes for sale in April 2024, a 19.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 20 | 26 | +30.0% |
3 Bedrooms | 140 | 165 | +17.9% |
4 Bedrooms | 125 | 146 | +16.8% |
5+ Bedrooms | 30 | 39 | +30.0% |
Summary: The Hendersonville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 79 | +36.2% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 79 homes were sold or pending in Hendersonville in April 2024, up by 36.2% month-over-month. Of the 79 sold homes, 42% were sold under asking, 32% were sold at asking, and 27% were sold over asking.
Days on Market for Hendersonville, TN
How long does it take to sell a home in Hendersonville, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
16 Days | 16 Days | -2.9% |
Summary: Homes in Hendersonville had an average of 16 days on market in Apr 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During April 2024, 79 homes were sold in Hendersonville; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% of homes were sold over 90 days.