Is Spring Hill, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since June 2023
Since last year, Spring Hill has remained a Seller's Market.
Housing Prices in Spring Hill, TN
How much do homes in Spring Hill, TN cost?
Median Sold Price
$484,390
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Spring Hill was $484,390 in June 2024, down 5.4% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $501.5K | +271.5% |
2 Bedrooms | $327K | $349.9K | +7.0% |
3 Bedrooms | $450K | $431.3K | -4.1% |
4 Bedrooms | $559.9K | $551.6K | -1.5% |
5+ Bedrooms | $706.2K | $714.8K | +1.2% |
Summary: Spring Hill housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes increased by 271.5%, 2 bedroom homes increased by 7%, 3 bedroom homes decreased by 4.1%, 4 bedroom homes decreased by 1.5%, and 5+ bedroom homes increased by 1.2%.
Median Sold Price Compared To Nearby Cities
Columbia | $345K | $368K | +6.7% |
Thompson's Station | $770K | $746.4K | -3.1% |
Spring Hill | $511.7K | $484.3K | -5.4% |
Housing Supply in Spring Hill, TN
How many homes are available in Spring Hill, TN?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
513 | 515 | 0.4% |
Summary: The Spring Hill real estate market had 515 homes for sale in June 2024, a 0.4% increase compared to May 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | May 2024 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 42 | 35 | -16.7% |
3 Bedrooms | 217 | 212 | -2.3% |
4 Bedrooms | 194 | 198 | +2.1% |
5+ Bedrooms | 60 | 70 | +16.7% |
Summary: The Spring Hill 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 decreased by 16.7%, 3 bedroom homes decreased by 2.3%, 4 bedroom homes increased by 2.1%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
125 | 122 | -2.4% |
Asking Price vs. Sold Price
50 Homes Were Sold
Under Asking
43 Homes Were Sold
At Asking
29 Homes Were Sold
Over Asking
Summary: A total of 122 homes were sold or pending in Spring Hill in June 2024, down by 2.4% month-over-month. Of the 122 sold homes, 41% were sold under asking, 35% were sold at asking, and 24% were sold over asking.
Days on Market for Spring Hill, TN
How long does it take to sell a home in Spring Hill, TN?
Average Sale Time
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
23 Days | 19 Days | -15.8% |
Summary: Homes in Spring Hill had an average of 19 days on market in Jun 2024, down by 15.8% compared to last year.
Breakdown of Home Sale Times
94 Homes Were Sold
Under 30 Days
24 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 122 homes were sold in Spring Hill; 77% of homes were sold within 30 days, 20% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.