Is Old Hickory, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since February 2023
Since last year, Old Hickory has remained a Seller's Market.
Housing Prices in Old Hickory, TN
How much do homes in Old Hickory, TN cost?
Median Sold Price
$371,000
$235/sqft
Based on all homes sold in the last 12 months.
Difference Since February 2023
Summary: The median home sold price in Old Hickory was $371,000 in February 2024, down 3.9% from last year, and the median price per square foot was $235.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Feb 2023 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | $195K | N/A |
2 Bedrooms | $284.9K | $295K | +3.5% |
3 Bedrooms | $380K | $375K | -1.3% |
4 Bedrooms | $531K | $522.5K | -1.6% |
5+ Bedrooms | $682K | $625K | -8.4% |
Summary: Old Hickory housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 3.5%, 3 bedroom homes decreased by 1.3%, 4 bedroom homes decreased by 1.6%, and 5+ bedroom homes decreased by 8.4%.
Median Sold Price Compared To Nearby Cities
Mount Juliet | $525K | $549.6K | +4.7% |
Hendersonville | $482.5K | $489.6K | +1.5% |
Hermitage | $419.9K | $409.8K | -2.4% |
Old Hickory | $386K | $371K | -3.9% |
Housing Supply in Old Hickory, TN
How many homes are available in Old Hickory, TN?
Number of Homes For Sale
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
106 | 125 | +17.9% |
Summary: The Old Hickory real estate market had 125 homes for sale in February 2024, a 17.9% increase compared to January 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Jan 2024 | Feb 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 17 | 19 | +11.8% |
3 Bedrooms | 60 | 71 | +18.3% |
4 Bedrooms | 25 | 30 | +20.0% |
5+ Bedrooms | 4 | 5 | +25.0% |
Summary: The Old Hickory housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 11.8%, 3 bedroom homes increased by 18.3%, 4 bedroom homes increased by 20%, and 5+ bedroom homes increased by 25%.
Number of Homes Sold
Jan 2024 | Feb 2024 | CHANGE |
---|---|---|
16 | 25 | +56.3% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
7 Homes Were Sold
At Asking
3 Homes Were Sold
Over Asking
Summary: A total of 25 homes were sold or pending in Old Hickory in February 2024, up by 56.3% month-over-month. Of the 25 sold homes, 60% were sold under asking, 28% were sold at asking, and 12% were sold over asking.
Days on Market for Old Hickory, TN
How long does it take to sell a home in Old Hickory, TN?
Average Sale Time
Feb 2023 | Feb 2024 | CHANGE |
---|---|---|
50 Days | 43 Days | -13.6% |
Summary: Homes in Old Hickory had an average of 43 days on market in Feb 2024, down by 13.6% compared to last year.
Breakdown of Home Sale Times
12 Homes Were Sold
Under 30 Days
10 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During February 2024, 25 homes were sold in Old Hickory; 48% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 12% of homes were sold over 90 days.