Is Hendersonville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 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
$489,661
$220/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
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
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $265K | $320K | +20.8% |
2 Bedrooms | $399.9K | $405K | +1.3% |
3 Bedrooms | $428.2K | $423.5K | -1.1% |
4 Bedrooms | $620K | $603.8K | -2.6% |
5+ Bedrooms | $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 | $423.4K | $449.8K | +6.2% |
Hendersonville | $482.5K | $489.6K | +1.5% |
Old Hickory | $386K | $371K | -3.9% |
Goodlettsville | $417.3K | $395K | -5.3% |
Goodlettsville | $425K | $394.9K | -7.1% |
Housing Supply in Hendersonville, TN
How many homes are available in Hendersonville, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
252 | 282 | +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
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 23 | 20 | -13.0% |
3 Bedrooms | 107 | 118 | +10.3% |
4 Bedrooms | 96 | 118 | +22.9% |
5+ Bedrooms | 26 | 26 | 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 2024 | Feb 2024 | CHANGE |
---|---|---|
51 | 51 | 0.0% |
Asking Price vs. Sold Price
24 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
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 2023 | Feb 2024 | CHANGE |
---|---|---|
34 Days | 40 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
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.