Is Oak Hill, TN a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Oak Hill is a seller's market


Difference Since August 2022

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

Key Takeaway

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

Housing Prices

How much do homes in Oak Hill, TN cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since August 2022


Key Takeaway

Homes in Oak Hill have sold for 54.2% more than they did a year ago.

Summary: The median home sold price in Oak Hill was $1,850,000 in August 2023, up 54.2% from last year, and the median price per square foot was $473.

Median Sold Price By Bedroom Count

# BEDSAug 2022Aug 2023CHANGE
1 --
2 $509.9K$1.2M
3 $902.9K$1.1M
4 $1.2M$1.5M
5+ $3.4M$2.9M

Summary: Oak Hill housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 135.3%, 3 bedroom homes increased by 21.8%, 4 bedroom homes increased by 24.7%, and 5+ bedroom homes decreased by 15.1%.

Median Sold Price Compared To Nearby Cities

Oak Hill
Forest Hills

Housing Supply

How many homes are available in Oak Hill, TN?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

Summary: The Oak Hill real estate market had 43 homes for sale in August 2023, a 4.4% decrease compared to July 2023.

Homes For Sale By Bedroom Count

# BEDSJul 2023Aug 2023CHANGE
1 00
2 11
3 107
4 1113
5+ 2322

Summary: The Oak Hill housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 30%, 4 bedroom homes increased by 18.2%, and 5+ bedroom homes decreased by 4.3%.

Number of Homes Sold

Jul 2023Aug 2023CHANGE

Asking Price vs. Sold Price

3 Homes Were Sold
Under Asking

0 Homes Were Sold
At Asking

2 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oak Hill, you may be able to get a good deal. 60% of homes here sold below asking price last month.

Summary: A total of 8 homes were sold or pending in Oak Hill in August 2023, the same as the previous month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.

Days on Market

How long does it take to sell a home in Oak Hill, TN?

Average Sale Time

Aug 2022Aug 2023CHANGE
8 Days18 Days+130.4%

Summary: Homes in Oak Hill had an average of 18 days on market in Aug 2023, up by 130.4% compared to last year.

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Oak Hill are selling fast, if you're buying plan to act quickly.

Summary: During August 2023, 8 homes were sold in Oak Hill; 50% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 26 Days Ago

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Nearby Markets

What housing markets are near Oak Hill, TN?