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 June 2023
Since last year, Thompson's Station has remained a Seller's Market.
Housing Prices in Thompson's Station, TN
How much do homes in Thompson's Station, TN cost?
Median Sold Price
$746,422
$272/sqft
Based on all homes sold in the last 12 months.
Difference Since June 2023
Summary: The median home sold price in Thompson's Station was $746,422 in June 2024, down 3.1% from last year, and the median price per square foot was $272.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Jun 2023 | Jun 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $1.6M | - | N/A |
2 Bedrooms | $485K | $610K | +25.8% |
3 Bedrooms | $525K | $549.9K | +4.7% |
4 Bedrooms | $833.5K | $801.7K | -3.8% |
5+ Bedrooms | $1.2M | $1.2M | -0.2% |
Summary: Thompson's Station housing prices by bedroom type for June 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 25.8%, 3 bedroom homes increased by 4.7%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
Thompson's Station | $770K | $746.4K | -3.1% |
Spring Hill | $511.7K | $484.3K | -5.4% |
Housing Supply in Thompson's Station, TN
How many homes are available in Thompson's Station, TN?
Number of Homes For Sale
May 2024 | Jun 2024 | CHANGE |
---|---|---|
115 | 123 | +7.0% |
Summary: The Thompson's Station real estate market had 123 homes for sale in June 2024, a 7.0% 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 | 4 | 4 | 0.0% |
3 Bedrooms | 41 | 39 | -4.9% |
4 Bedrooms | 36 | 34 | -5.6% |
5+ Bedrooms | 34 | 46 | +35.3% |
Summary: The Thompson's Station 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 remained the same, 3 bedroom homes decreased by 4.9%, 4 bedroom homes decreased by 5.6%, and 5+ bedroom homes increased by 35.3%.
Number of Homes Sold
May 2024 | Jun 2024 | CHANGE |
---|---|---|
20 | 28 | +40.0% |
Asking Price vs. Sold Price
11 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in Thompson's Station in June 2024, up by 40.0% month-over-month. Of the 28 sold homes, 39% were sold under asking, 54% 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
Jun 2023 | Jun 2024 | CHANGE |
---|---|---|
43 Days | 28 Days | -33.0% |
Summary: Homes in Thompson's Station had an average of 28 days on market in Jun 2024, down by 33% compared to last year.
Breakdown of Home Sale Times
16 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Summary: During June 2024, 28 homes were sold in Thompson's Station; 57% of homes were sold within 30 days, 29% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.