Is Cedar Hill, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Cedar Hill is a buyer's market

Buyer's
Market

Difference Since February 2023

At the same time last year, Cedar Hill was a Seller's Market.

Key Takeaway

Cedar Hill is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Cedar Hill, TN

How much do homes in Cedar Hill, TN cost?

Median Sold Price

$442,250

$238/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$92,250(+26.4%)

Key Takeaway

Homes in Cedar Hill have sold for 26.4% more than they did a year ago.

Summary: The median home sold price in Cedar Hill was $442,250 in February 2024, up 26.4% from last year, and the median price per square foot was $238.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $450K-
N/A
2 $255K$255K
0.0%
3 $332.5K$435K
+30.8%
4 $459.5K$520K
+13.2%
5+ $1.5M$684K
-54.4%

Summary: Cedar Hill housing prices by bedroom type for February 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 increased by 30.8%, 4 bedroom homes increased by 13.2%, and 5+ bedroom homes decreased by 54.4%.

Housing Supply in Cedar Hill, TN

How many homes are available in Cedar Hill, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
1415+7.1%

Summary: The Cedar Hill real estate market had 15 homes for sale in February 2024, a 7.1% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 01
+100.0%
3 1414
0.0%
4 00
0.0%
5+ 00
0.0%

Summary: The Cedar Hill housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 100%, 3 bedroom homes remained the same, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
31-66.7%

Asking Price vs. Sold Price

0 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Cedar Hill, expect to pay close to the asking price. 100% of homes here sold near the asking price last month.

Summary: A total of 1 homes were sold or pending in Cedar Hill in February 2024, down by 66.7% month-over-month. Of the 1 sold homes, 0% were sold under asking, 100% were sold at asking, and 0% were sold over asking.

Days on Market for Cedar Hill, TN

How long does it take to sell a home in Cedar Hill, TN?

Average Sale Time

Feb 2023Feb 2024CHANGE
65 Days58 Days-10.8%

Summary: Homes in Cedar Hill had an average of 58 days on market in Feb 2024, down by 10.8% compared to last year.

Breakdown of Home Sale Times

0 Homes Were Sold
Under 30 Days

1 Home Was Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Avg time on Rocket Homes in Cedar Hill has remained consistent over time.

Summary: During February 2024, 1 homes were sold in Cedar Hill; 0% of homes were sold within 30 days, 100% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 28 Days Ago

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