Is Hixson, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Hixson has remained a Seller's Market.
Key Takeaway
Hixson is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hixson, TN
How much do homes in Hixson, TN cost?
Median Sold Price
$350,000
$184/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Hixson have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in Hixson was $350,000 in March 2024, up 4.5% from last year, and the median price per square foot was $184.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $343.7K | $369.9K | +7.6% |
| 3 Bedrooms | $300K | $315K | +5.0% |
| 4 Bedrooms | $391.1K | $410K | +4.8% |
| 5+ Bedrooms | $425K | $505K | +18.8% |
Summary: Hixson 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 7.6%, 3 bedroom homes increased by 5%, 4 bedroom homes increased by 4.8%, and 5+ bedroom homes increased by 18.8%.
Housing Supply in Hixson, TN
How many homes are available in Hixson, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 62 | 59 | -4.8% |
Summary: The Hixson real estate market had 59 homes for sale in March 2024, a 4.8% decrease compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 7 | 4 | -42.9% |
| 3 Bedrooms | 32 | 36 | +12.5% |
| 4 Bedrooms | 21 | 16 | -23.8% |
| 5+ Bedrooms | 1 | 2 | +100.0% |
Summary: The Hixson 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 decreased by 42.9%, 3 bedroom homes increased by 12.5%, 4 bedroom homes decreased by 23.8%, and 5+ bedroom homes increased by 100%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 21 | 21 | 0.0% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
3 Homes Were Sold
At Asking
6 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hixson, you may be able to get a good deal. 57.1% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in Hixson in March 2024, the same as the previous month. Of the 21 sold homes, 57% were sold under asking, 14% were sold at asking, and 29% were sold over asking.
Days on Market for Hixson, TN
How long does it take to sell a home in Hixson, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 16 Days | 85 Days | +431.3% |
Summary: Homes in Hixson had an average of 85 days on market in Mar 2024, up by 431.3% compared to last year.
Breakdown of Home Sale Times
0 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Hixson has remained consistent over time.
Summary: During March 2024, 21 homes were sold in Hixson; 0% of homes were sold within 30 days, 5% of homes were sold within 30 to 90 days, and 5% 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.