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

Housing Market Conditions



Gauge showing Spring Hill is a seller's market


Difference Since May 2023

Since last year, Spring Hill has remained a Seller's Market.

Key Takeaway

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

Housing Prices in Spring Hill, TN

How much do homes in Spring Hill, TN cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since May 2023


Key Takeaway

Homes in Spring Hill have sold for 6.6% less than they did a year ago.

Summary: The median home sold price in Spring Hill was $482,132 in May 2024, down 6.6% from last year, and the median price per square foot was $232.

Median Sold Price By Bedroom Count

# BEDSMay 2023May 2024CHANGE
1 $135K$501.5K
2 $345K$342.4K
3 $451.7K$430K
4 $582.5K$551K
5+ $706.2K$717.5K

Summary: Spring Hill housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 271.5%, 2 bedroom homes decreased by 0.7%, 3 bedroom homes decreased by 4.8%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes increased by 1.6%.

Median Sold Price Compared To Nearby Cities

Thompson's Station
Spring Hill

Housing Supply in Spring Hill, TN

How many homes are available in Spring Hill, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE

Summary: The Spring Hill real estate market had 497 homes for sale in May 2024, a 8.5% increase compared to April 2024.

Homes For Sale By Bedroom Count

# BEDSApr 2024May 2024CHANGE
1 11
2 3642
3 210219
4 165180
5+ 4655

Summary: The Spring Hill housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 16.7%, 3 bedroom homes increased by 4.3%, 4 bedroom homes increased by 9.1%, and 5+ bedroom homes increased by 19.6%.

Number of Homes Sold

Apr 2024May 2024CHANGE

Asking Price vs. Sold Price

51 Homes Were Sold
Under Asking

38 Homes Were Sold
At Asking

19 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Spring Hill, you may be able to get a good deal. 47.2% of homes here sold below asking price last month.

Summary: A total of 108 homes were sold or pending in Spring Hill in May 2024, up by 12.5% month-over-month. Of the 108 sold homes, 47% were sold under asking, 35% were sold at asking, and 18% 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

May 2023May 2024CHANGE
30 Days22 Days-27.1%

Summary: Homes in Spring Hill had an average of 22 days on market in May 2024, down by 27.1% compared to last year.

Breakdown of Home Sale Times

79 Homes Were Sold
Under 30 Days

20 Homes Were Sold
In 30 - 90 Days

6 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During May 2024, 108 homes were sold in Spring Hill; 73% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 6% 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 12 Days Ago

Newest Listings in Spring Hill, TN

Nearby Markets to Spring Hill, TN

What housing markets are near Spring Hill, TN?