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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Oak Hill is a seller's market

Buyer's
Market

Difference Since April 2021

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.

How much do homes in Oak Hill, TN cost?

Median Sold Price

$1,275,000

$390/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2021

+$144,000(+12.7%)

Key Takeaway

Homes in Oak Hill have sold for 12.7% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2021Apr 2022%
1 --
N/A
2 $442.7K$509.9K
+15.2%
3 $648.7K$850.2K
+31.1%
4 $835K$1.1M
+35.6%
5+ $1.8M$3.0M
+59.9%

Median Sold Price Compared To Nearby Cities

Forest Hills
+34.0%
Brentwood
+30.6%
Nashville
+18.2%
Oak Hill
+12.7%

How many homes are available in Oak Hill, TN?

Number of Homes For Sale

Mar 2022Apr 2022%
1924+26.3%

Homes For Sale By Bedroom Count

# BEDSMar 2022Apr 2022%
1 00
0.0%
2 00
0.0%
3 87
-12.5%
4 46
+50.0%
5+ 711
+57.1%

Number of Homes Sold

Mar 2022Apr 2022%
65-16.7%

Asking Price vs. Sold Price

1 Home Was Sold
Under Asking

1 Home Was Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Oak Hill, you could pay more than the asking price. 60% of homes here sold above asking price last month.

Average Sale Time

Apr 2021Apr 2022%
35 Days19 Days-45.4%

Breakdown of Home Sale Times

4 Homes Were Sold
Under 30 Days

1 Home Was 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.

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

About Oak Hill, TN

Homes for sale in Oak Hill, TN have reached 24. In April 2022 in Oak Hill, TN there were 26.3% more homes for sale than in March 2022. In April 2022 median list price was $1,275,000 and the average listing age was 19 days. Between March 2022 and April 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, 2 bedrooms properties became 15.2% more expensive, the cost of 3 bedrooms properties went up by 31.1%, prices of 4 bedrooms properties increased by 35.6%, prices of 5 bedrooms properties went up by 59.9%. Housing inventory have changed in this real estate market: 1 bedroom homes inventory did not change, 2 bedrooms homes did not move, the quantity of 3 bedrooms homes went down by 12.5%, number of 4 bedrooms homes increased by 50%, number of 5 bedrooms homes increased by 57.1%. In April 2022, from all listings sold in Oak Hill, TN there were more than 3 sold above asking price, over 1 sold below and more than 1 were sold right at the asked price.

Related Housing Market Reports