Is Old Hickory, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Old Hickory is a seller's market

Buyer's
Market

Difference Since June 2023

Since last year, Old Hickory has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Old Hickory, TN

How much do homes in Old Hickory, TN cost?

Median Sold Price

$386,875

$234/sqft

Based on all homes sold in the last 12 months.

Difference Since June 2023

+$18,565(+5.0%)

Key Takeaway

Homes in Old Hickory have sold for 5% more than they did a year ago.

Summary: The median home sold price in Old Hickory was $386,875 in June 2024, up 5% from last year, and the median price per square foot was $234.

Median Sold Price By Bedroom Count

# BEDSJun 2023Jun 2024CHANGE
1 -$195K
N/A
2 $289.9K$296.9K
+2.4%
3 $369.4K$386.3K
+4.6%
4 $503.4K$525K
+4.3%
5+ $1.0M$607.5K
-39.6%

Summary: Old Hickory housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 2.4%, 3 bedroom homes increased by 4.6%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes decreased by 39.6%.

Median Sold Price Compared To Nearby Cities

Lakewood
+8.0%
Hendersonville
+6.2%
Old Hickory
+5.0%
Hermitage
+4.6%
Mount Juliet
+3.4%

Housing Supply in Old Hickory, TN

How many homes are available in Old Hickory, TN?

Number of Homes For Sale

May 2024Jun 2024CHANGE
166167+0.6%

Summary: The Old Hickory real estate market had 167 homes for sale in June 2024, a 0.6% increase compared to May 2024.

Homes For Sale By Bedroom Count

# BEDSMay 2024Jun 2024CHANGE
1 00
0.0%
2 2025
+25.0%
3 10594
-10.5%
4 3538
+8.6%
5+ 610
+66.7%

Summary: The Old Hickory housing inventory by bedroom type for June 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 25%, 3 bedroom homes decreased by 10.5%, 4 bedroom homes increased by 8.6%, and 5+ bedroom homes increased by 66.7%.

Number of Homes Sold

May 2024Jun 2024CHANGE
3741+10.8%

Asking Price vs. Sold Price

23 Homes Were Sold
Under Asking

8 Homes Were Sold
At Asking

10 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Old Hickory, you may be able to get a good deal. 56.1% of homes here sold below asking price last month.

Summary: A total of 41 homes were sold or pending in Old Hickory in June 2024, up by 10.8% month-over-month. Of the 41 sold homes, 56% were sold under asking, 20% were sold at asking, and 24% 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

Jun 2023Jun 2024CHANGE
25 Days23 Days-7.8%

Summary: Homes in Old Hickory had an average of 23 days on market in Jun 2024, down by 7.8% compared to last year.

Breakdown of Home Sale Times

30 Homes Were Sold
Under 30 Days

9 Homes Were Sold
In 30 - 90 Days

2 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During June 2024, 41 homes were sold in Old Hickory; 73% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 5% 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 24 Days Ago

Newest Listings in Old Hickory, TN

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