Is Thompson's Station, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, Thompson's Station has remained a Seller's Market.
Key Takeaway
Thompson's Station is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Thompson's Station, TN
How much do homes in Thompson's Station, TN cost?
Median Sold Price
$730,000
$266/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in Thompson's Station have sold for 9.9% less than they did a year ago.
Summary: The median home sold price in Thompson's Station was $730,000 in March 2024, down 9.9% from last year, and the median price per square foot was $266.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $1.6M | - | N/A |
| 2 Bedrooms | $450K | $570K | +26.7% |
| 3 Bedrooms | $577.5K | $537.5K | -6.9% |
| 4 Bedrooms | $897.5K | $781.5K | -12.9% |
| 5+ Bedrooms | $1.2M | $1.2M | -2.0% |
Summary: Thompson's Station housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 26.7%, 3 bedroom homes decreased by 6.9%, 4 bedroom homes decreased by 12.9%, and 5+ bedroom homes decreased by 2%.
Median Sold Price Compared To Nearby Cities
| Spring Hill | $519.9K | $484.6K | -6.8% |
| Thompson's Station | $810K | $730K | -9.9% |
Housing Supply in Thompson's Station, TN
How many homes are available in Thompson's Station, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 101 | 103 | +2.0% |
Summary: The Thompson's Station real estate market had 103 homes for sale in March 2024, a 2.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 6 | +20.0% |
| 3 Bedrooms | 39 | 39 | 0.0% |
| 4 Bedrooms | 35 | 31 | -11.4% |
| 5+ Bedrooms | 22 | 27 | +22.7% |
Summary: The Thompson's Station housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes remained the same, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 22.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 18 | 27 | +50.0% |
Asking Price vs. Sold Price
8 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
4 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Thompson's Station, expect to pay close to the asking price. 55.6% of homes here sold near the asking price last month.
Summary: A total of 27 homes were sold or pending in Thompson's Station in March 2024, up by 50.0% month-over-month. Of the 27 sold homes, 30% were sold under asking, 56% were sold at asking, and 15% 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
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 44 Days | 37 Days | -16.5% |
Summary: Homes in Thompson's Station had an average of 37 days on market in Mar 2024, down by 16.5% compared to last year.
Breakdown of Home Sale Times
20 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
6 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Thompson's Station are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 27 homes were sold in Thompson's Station; 74% of homes were sold within 30 days, 4% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.