Is Hendersonville, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hendersonville is a seller's market

Buyer's
Market

Difference Since February 2023

Since last year, Hendersonville has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Hendersonville, TN

How much do homes in Hendersonville, TN cost?

Median Sold Price

$489,661

$220/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

+$7,158(+1.5%)

Key Takeaway

Homes in Hendersonville have sold for 1.5% more than they did a year ago.

Summary: The median home sold price in Hendersonville was $489,661 in February 2024, up 1.5% from last year, and the median price per square foot was $220.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 $265K$320K
+20.8%
2 $399.9K$405K
+1.3%
3 $428.2K$423.5K
-1.1%
4 $620K$603.8K
-2.6%
5+ $750K$724.1K
-3.4%

Summary: Hendersonville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.8%, 2 bedroom homes increased by 1.3%, 3 bedroom homes decreased by 1.1%, 4 bedroom homes decreased by 2.6%, and 5+ bedroom homes decreased by 3.4%.

Median Sold Price Compared To Nearby Cities

Gallatin
+6.2%
Hendersonville
+1.5%
Old Hickory
-3.9%
Goodlettsville
-5.3%
Goodlettsville
-7.1%

Housing Supply in Hendersonville, TN

How many homes are available in Hendersonville, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
252282+11.9%

Summary: The Hendersonville real estate market had 282 homes for sale in February 2024, a 11.9% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 2320
-13.0%
3 107118
+10.3%
4 96118
+22.9%
5+ 2626
0.0%

Summary: The Hendersonville 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 decreased by 13%, 3 bedroom homes increased by 10.3%, 4 bedroom homes increased by 22.9%, and 5+ bedroom homes remained the same.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
51510.0%

Asking Price vs. Sold Price

24 Homes Were Sold
Under Asking

20 Homes Were Sold
At Asking

6 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hendersonville, you may be able to get a good deal. 48% of homes here sold below asking price last month.

Summary: A total of 51 homes were sold or pending in Hendersonville in February 2024, the same as the previous month. Of the 50 sold homes, 48% were sold under asking, 40% were sold at asking, and 12% 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

Feb 2023Feb 2024CHANGE
34 Days40 Days+17.8%

Summary: Homes in Hendersonville had an average of 40 days on market in Feb 2024, up by 17.8% compared to last year.

Breakdown of Home Sale Times

32 Homes Were Sold
Under 30 Days

11 Homes Were Sold
In 30 - 90 Days

8 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 51 homes were sold in Hendersonville; 63% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 16% 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 18 Days Ago

Newest Listings in Hendersonville, TN

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