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 April 2022

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.

How much do homes in Old Hickory, TN cost?

Median Sold Price

$379,900

$235/sqft

Based on all homes sold in the last 12 months.

Difference Since April 2022

+$54,915(+16.9%)

Key Takeaway

Homes in Old Hickory have sold for 16.9% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSApr 2022Apr 2023%
1 --
N/A
2 $240K$289.9K
+20.8%
3 $329.9K$375.6K
+13.8%
4 $465K$540K
+16.1%
5+ $525K$733.3K
+39.7%

Median Sold Price Compared To Nearby Cities

Old Hickory
+16.9%
Mount Juliet
+15.5%
Hendersonville
+11.9%
Hermitage
+8.2%
Lakewood
0%

How many homes are available in Old Hickory, TN?

Number of Homes For Sale

Mar 2023Apr 2023%
144143-0.7%

Homes For Sale By Bedroom Count

# BEDSMar 2023Apr 2023%
1 00
0.0%
2 3634
-5.6%
3 7071
+1.4%
4 3232
0.0%
5+ 66
0.0%

Number of Homes Sold

Mar 2023Apr 2023%
3433-2.9%

Asking Price vs. Sold Price

16 Homes Were Sold
Under Asking

13 Homes Were Sold
At Asking

4 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. 48.5% of homes here sold below asking price last month.

Average Sale Time

Apr 2022Apr 2023%
8 Days53 Days+504.2%

Breakdown of Home Sale Times

18 Homes Were Sold
Under 30 Days

8 Homes Were Sold
In 30 - 90 Days

7 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.

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

About Old Hickory, TN

Number of homes for sale in Old Hickory, TN real estate market have reached 143. In April 2023 in Old Hickory, TN there were 0.7% less homes for sale than in March 2023. Listings spent 53 days on the market in April 2023, and had a median list price of $379,900 during the same period. Listing prices have changed in this real estate market between March 2023 and April 2023: the cost of 1 bedroom properties went up by 0%, 2 bedrooms properties prices increased by 20.8%, prices of 3 bedrooms properties increased by 13.8%, the cost of 4 bedrooms properties went up by 16.1%, the cost of 5 bedrooms properties went up by 39.7%. Housing inventory have changed in this real estate market: number of 1 bedroom homes remained the same, 2 bedrooms homes became 5.6% less available, 3 bedrooms homes became 1.4% more available, 4 bedrooms homes did not move, volume of 5 bedrooms homes stayed the same. In April 2023 more than 4 listings in Old Hickory, TN were sold above the asking price. During the same period more than 13 listings were sold at asking price, while more than 16 were sold below.

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