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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Hermitage is a seller's market

Buyer's
Market

Difference Since April 2021

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

Key Takeaway

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

How much do homes in Hermitage, TN cost?

Median Sold Price

$370,312

$195/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$65,012(+21.3%)

Key Takeaway

Homes in Hermitage have sold for 21.3% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 $106K-
N/A
2 $220K$245K
+11.4%
3 $299.3K$365.3K
+22.1%
4 $358K$435K
+21.5%
5+ $459.9K$460.5K
0.1%

Median Sold Price Compared To Nearby Cities

La Vergne
+22.6%
Hermitage
+21.3%
Mount Juliet
+20.4%
Old Hickory
+18.6%
Nashville
+18.2%

How many homes are available in Hermitage, TN?

Number of Homes For Sale

Mar 2022Apr 2022%
194169-12.9%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 2216
-27.3%
3 121117
-3.3%
4 4429
-34.1%
5+ 77
0.0%

Number of Homes Sold

Mar 2022Apr 2022%
6469+7.8%

Asking Price vs. Sold Price

13 Homes Were Sold
Under Asking

15 Homes Were Sold
At Asking

41 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Hermitage, you could pay more than the asking price. 59.4% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
6 Days11 Days+93.2%

Breakdown of Home Sale Times

63 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in 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 Hermitage, TN

Homes for sale in Hermitage, TN have reached 169. In April 2022 in Hermitage, TN there were 12.9% less homes for sale than in March 2022. In April 2022 median list price was $370,312 and the average listing age was 11 days. Real estate listing prices changed between March 2022 and April 2022: 1 bedroom properties became 0% more expensive, prices of 2 bedrooms properties went up by 11.4%, 3 bedrooms properties prices increased by 22.1%, prices of 4 bedrooms properties increased by 21.5%, 5 bedrooms properties prices increased by 0.1%. Volume of homes for sale in this real estate market have seen the following changes: number of 1 bedroom homes remained the same, the quantity of 2 bedrooms homes went down by 27.3%, number of 3 bedrooms homes decreased by 3.3%, number of 4 bedrooms homes decreased by 34.1%, 5 bedrooms homes inventory did not change. Over 41 listings were sold over their listed price in April 2022 in Hermitage, TN. In the same period over 13 listings were sold below the listed price and 15 listings were sold for the listed price.

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