Is Thompson's Station, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Thompson's Station is a neutral's market

Buyer's
Market

Difference Since September 2023

Since last year, Thompson's Station has remained a Neutral Market.

Key Takeaway

Thompson's Station is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Thompson's Station, TN

How much do homes in Thompson's Station, TN cost?

Median Sold Price

$759,182

$278/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2023

+$13,182(+1.8%)

Key Takeaway

Homes in Thompson's Station have sold for 1.8% more than they did a year ago.

Summary: The median home sold price in Thompson's Station was $759,182 in September 2024, up 1.8% from last year, and the median price per square foot was $278.

Median Sold Price By Bedroom Count

# BEDSSep 2023Sep 2024CHANGE
1 $1.6M-
N/A
2 $500K$626.5K
+25.3%
3 $520K$554.9K
+6.7%
4 $801.7K$825K
+2.9%
5+ $1.3M$1.2M
-5.8%

Summary: Thompson's Station housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.3%, 3 bedroom homes increased by 6.7%, 4 bedroom homes increased by 2.9%, and 5+ bedroom homes decreased by 5.8%.

Median Sold Price Compared To Nearby Cities

Thompson's Station
+1.8%
Spring Hill
-3.8%

Housing Supply in Thompson's Station, TN

How many homes are available in Thompson's Station, TN?

Number of Homes For Sale

Aug 2024Sep 2024CHANGE
8995+6.7%

Summary: The Thompson's Station real estate market had 95 homes for sale in September 2024, a 6.7% increase compared to August 2024.

Homes For Sale By Bedroom Count

# BEDSAug 2024Sep 2024CHANGE
1 00
0.0%
2 32
-33.3%
3 2835
+25.0%
4 3230
-6.3%
5+ 2628
+7.7%

Summary: The Thompson's Station housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 33.3%, 3 bedroom homes increased by 25%, 4 bedroom homes decreased by 6.3%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Aug 2024Sep 2024CHANGE
2114-33.3%

Asking Price vs. Sold Price

6 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

1 Home Was Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thompson's Station, expect to pay close to the asking price. 50% of homes here sold near the asking price last month.

Summary: A total of 14 homes were sold or pending in Thompson's Station in September 2024, down by 33.3% month-over-month. Of the 14 sold homes, 43% were sold under asking, 50% were sold at asking, and 7% were sold over asking.

Days on Market for Thompson's Station, TN

How long does it take to sell a home in Thompson's Station, TN?

Average Sale Time

Sep 2023Sep 2024CHANGE
37 Days43 Days+15.1%

Summary: Homes in Thompson's Station had an average of 43 days on market in Sep 2024, up by 15.1% compared to last year.

Breakdown of Home Sale Times

8 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

3 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Thompson's Station are selling fast, if you're buying plan to act quickly.

Summary: During September 2024, 14 homes were sold in Thompson's Station; 57% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 21% 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 30 Days Ago

Newest Listings in Thompson's Station, TN

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What housing markets are near Thompson's Station, TN?