Is Donelson / Hermitage, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Donelson / Hermitage is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Donelson / Hermitage has remained a Seller's Market.

Key Takeaway

Donelson / Hermitage is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Donelson / Hermitage, TN cost?

Median Sold Price

$379,997

$229/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$70,319(+22.7%)

Key Takeaway

Homes in Donelson / Hermitage have sold for 22.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $180K$230K
+27.8%
2 $222.7K$280K
+25.7%
3 $309.9K$381.1K
+23.0%
4 $410K$485K
+18.3%
5+ $450K$550K
+22.2%

Median Sold Price Compared To Nearby Neighborhoods

Hermitage Hills
+25.7%
Donelson / Hermitage
+22.7%

How many homes are available in Donelson / Hermitage, TN?

Number of Homes For Sale

Sep 2022Oct 2022%
524444-15.3%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 148
-42.9%
2 10877
-28.7%
3 270236
-12.6%
4 109101
-7.3%
5+ 2322
-4.3%

Number of Homes Sold

Sep 2022Oct 2022%
176110-37.5%

Asking Price vs. Sold Price

49 Homes Were Sold
Under Asking

35 Homes Were Sold
At Asking

25 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Donelson / Hermitage, you may be able to get a good deal. 45% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
9 Days18 Days+86.9%

Breakdown of Home Sale Times

86 Homes Were Sold
Under 30 Days

21 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Donelson / Hermitage are selling fast, if you're buying plan to act quickly.

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

About Donelson / Hermitage, TN

Homes for sale in Donelson / Hermitage, TN have reached 444. Between September 2022 and October 2022, Donelson / Hermitage, TN real estate market has seen decrease in the number of listings by 15.3%. Listings spent 18 days on the market in October 2022, and had a median list price of $379,997 during the same period. Listing prices have changed in this real estate market between September 2022 and October 2022: 1 bedroom properties became 27.8% more expensive, the cost of 2 bedrooms properties went up by 25.7%, 3 bedrooms properties became 23% more expensive, 4 bedrooms properties prices increased by 18.3%, 5 bedrooms properties prices increased by 22.2%. Volume of homes for sale changed: number of 1 bedroom homes decreased by 42.9%, 2 bedrooms homes inventory decreased by 28.7%, 3 bedrooms homes inventory decreased by 12.6%, 4 bedrooms homes became 7.3% less available, the quantity of 5 bedrooms homes went down by 4.3%. In October 2022, from all listings sold in Donelson / Hermitage, TN there were more than 25 sold above asking price, over 49 sold below and more than 35 were sold right at the asked price.