Is Hendersonville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, Hendersonville was a Seller's Market.
Key Takeaway
Hendersonville 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 Hendersonville, TN
How much do homes in Hendersonville, TN cost?
Median Sold Price
$490,610
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hendersonville have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in Hendersonville was $490,610 in March 2024, up 1.8% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.5K | - | N/A |
| 2 Bedrooms | $399.9K | $407.2K | +1.8% |
| 3 Bedrooms | $427.5K | $420.6K | -1.6% |
| 4 Bedrooms | $615K | $601.7K | -2.2% |
| 5+ Bedrooms | $740K | $752.5K | +1.7% |
Summary: Hendersonville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 1.8%, 3 bedroom homes decreased by 1.6%, 4 bedroom homes decreased by 2.2%, and 5+ bedroom homes increased by 1.7%.
Median Sold Price Compared To Nearby Cities
| Gallatin | $424.9K | $444.9K | +4.7% |
| Hendersonville | $481.8K | $490.6K | +1.8% |
| Old Hickory | $384.9K | $375K | -2.6% |
| Goodlettsville | $414K | $394K | -4.8% |
| Goodlettsville | $418.1K | $394.7K | -5.6% |
Housing Supply in Hendersonville, TN
How many homes are available in Hendersonville, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 279 | 318 | +14.0% |
Summary: The Hendersonville real estate market had 318 homes for sale in March 2024, a 14.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 21 | 23 | +9.5% |
| 3 Bedrooms | 117 | 128 | +9.4% |
| 4 Bedrooms | 113 | 135 | +19.5% |
| 5+ Bedrooms | 28 | 32 | +14.3% |
Summary: The Hendersonville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 9.5%, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 19.5%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 59 | 53 | -10.2% |
Asking Price vs. Sold Price
23 Homes Were Sold
Under Asking
17 Homes Were Sold
At Asking
13 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hendersonville, you may be able to get a good deal. 43.4% of homes here sold below asking price last month.
Summary: A total of 53 homes were sold or pending in Hendersonville in March 2024, down by 10.2% month-over-month. Of the 53 sold homes, 43% were sold under asking, 32% were sold at asking, and 25% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 30 Days | 21 Days | -28.3% |
Summary: Homes in Hendersonville had an average of 21 days on market in Mar 2024, down by 28.3% compared to last year.
Breakdown of Home Sale Times
42 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hendersonville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 53 homes were sold in Hendersonville; 79% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 8% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.