Is Hillwood, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Hillwood has remained a Seller's Market.
Key Takeaway
Hillwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hillwood, TN
How much do homes in Hillwood, TN cost?
Median Sold Price
$935,000
$390/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hillwood have sold for 5.4% more than they did a year ago.
Summary: The median home sold price in Hillwood was $935,000 in April 2024, up 5.4% from last year, and the median price per square foot was $390.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $784.3K | $675K | -13.9% |
| 3 Bedrooms | $762.5K | $680K | -10.8% |
| 4 Bedrooms | $975K | $875K | -10.3% |
| 5+ Bedrooms | $2.6M | $3.2M | +19.7% |
Summary: Hillwood housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.9%, 3 bedroom homes decreased by 10.8%, 4 bedroom homes decreased by 10.3%, and 5+ bedroom homes increased by 19.7%.
Median Sold Price Compared To Nearby Neighborhoods
| Hillwood | $887.5K | $935K | +5.4% |
| West Nashville | $693.1K | $705.2K | +1.7% |
Housing Supply in Hillwood, TN
How many homes are available in Hillwood, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 16 | 20 | +25.0% |
Summary: The Hillwood real estate market had 20 homes for sale in April 2024, a 25.0% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 4 | 6 | +50.0% |
| 4 Bedrooms | 3 | 4 | +33.3% |
| 5+ Bedrooms | 9 | 10 | +11.1% |
Summary: The Hillwood housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 50%, 4 bedroom homes increased by 33.3%, and 5+ bedroom homes increased by 11.1%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 1 | 6 | +500.0% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Hillwood, you may be able to get a good deal. 83.3% of homes here sold below asking price last month.
Summary: A total of 6 homes were sold or pending in Hillwood in April 2024, up by 500.0% month-over-month. Of the 6 sold homes, 83% were sold under asking, 0% were sold at asking, and 17% were sold over asking.
Days on Market for Hillwood, TN
How long does it take to sell a home in Hillwood, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 49 Days | 26 Days | -47.7% |
Summary: Homes in Hillwood had an average of 26 days on market in Apr 2024, down by 47.7% compared to last year.
Breakdown of Home Sale Times
4 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in Hillwood are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 6 homes were sold in Hillwood; 67% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 17% 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.