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 May 2023
At the same time last year, Thompson's Station was a Buyer's Market.
Key Takeaway
Thompson's Station is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Thompson's Station, TN
How much do homes in Thompson's Station, TN cost?
Median Sold Price
$740,612
$270/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Thompson's Station have sold for 3.8% less than they did a year ago.
Summary: The median home sold price in Thompson's Station was $740,612 in May 2024, down 3.8% from last year, and the median price per square foot was $270.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.6M | - | N/A |
| 2 Bedrooms | $450K | $610K | +35.6% |
| 3 Bedrooms | $526K | $538.7K | +2.4% |
| 4 Bedrooms | $831.7K | $803.5K | -3.4% |
| 5+ Bedrooms | $1.2M | $1.2M | -0.4% |
Summary: Thompson's Station housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 35.6%, 3 bedroom homes increased by 2.4%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes decreased by 0.4%.
Median Sold Price Compared To Nearby Cities
| Thompson's Station | $770K | $740.6K | -3.8% |
| Spring Hill | $516.3K | $482.1K | -6.6% |
Housing Supply in Thompson's Station, TN
How many homes are available in Thompson's Station, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 115 | 112 | -2.6% |
Summary: The Thompson's Station real estate market had 112 homes for sale in May 2024, a 2.6% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 6 | 4 | -33.3% |
| 3 Bedrooms | 38 | 39 | +2.6% |
| 4 Bedrooms | 39 | 33 | -15.4% |
| 5+ Bedrooms | 32 | 36 | +12.5% |
Summary: The Thompson's Station housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 2.6%, 4 bedroom homes decreased by 15.4%, and 5+ bedroom homes increased by 12.5%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 26 | 18 | -30.8% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
12 Homes Were Sold
At Asking
3 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. 66.7% of homes here sold near the asking price last month.
Summary: A total of 18 homes were sold or pending in Thompson's Station in May 2024, down by 30.8% month-over-month. Of the 18 sold homes, 17% were sold under asking, 67% were sold at asking, and 17% 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
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 55 Days | 36 Days | -35.0% |
Summary: Homes in Thompson's Station had an average of 36 days on market in May 2024, down by 35% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
3 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 May 2024, 18 homes were sold in Thompson's Station; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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.