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 January 2023

At the same time last year, Thompson's Station was a Buyer's 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

$744,706

$268/sqft

Based on all homes sold in the last 12 months.

Difference Since January 2023

-$63,294(-7.8%)

Key Takeaway

Homes in Thompson's Station have sold for 7.8% less than they did a year ago.

Summary: The median home sold price in Thompson's Station was $744,706 in January 2024, down 7.8% from last year, and the median price per square foot was $268.

Median Sold Price By Bedroom Count

# BEDSJan 2023Jan 2024CHANGE
1 -$1.6M
N/A
2 $450K$530K
+17.8%
3 $540K$535K
-0.9%
4 $881.9K$781.5K
-11.4%
5+ $1.1M$1.2M
+10.6%

Summary: Thompson's Station housing prices by bedroom type for January 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 17.8%, 3 bedroom homes decreased by 0.9%, 4 bedroom homes decreased by 11.4%, and 5+ bedroom homes increased by 10.6%.

Median Sold Price Compared To Nearby Cities

Spring Hill
-7.0%
Thompson's Station
-7.8%

Housing Supply in Thompson's Station, TN

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

Number of Homes For Sale

Dec 2023Jan 2024CHANGE
7387+19.2%

Summary: The Thompson's Station real estate market had 87 homes for sale in January 2024, a 19.2% increase compared to December 2023.

Homes For Sale By Bedroom Count

# BEDSDec 2023Jan 2024CHANGE
1 00
0.0%
2 14
+300.0%
3 3239
+21.9%
4 2822
-21.4%
5+ 1222
+83.3%

Summary: The Thompson's Station housing inventory by bedroom type for January 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 300%, 3 bedroom homes increased by 21.9%, 4 bedroom homes decreased by 21.4%, and 5+ bedroom homes increased by 83.3%.

Number of Homes Sold

Dec 2023Jan 2024CHANGE
13130.0%

Asking Price vs. Sold Price

4 Homes Were Sold
Under Asking

8 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. 61.5% of homes here sold near the asking price last month.

Summary: A total of 13 homes were sold or pending in Thompson's Station in January 2024, the same as the previous month. Of the 13 sold homes, 31% were sold under asking, 62% were sold at asking, and 8% 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

Jan 2023Jan 2024CHANGE
46 Days28 Days-39.4%

Summary: Homes in Thompson's Station had an average of 28 days on market in Jan 2024, down by 39.4% compared to last year.

Breakdown of Home Sale Times

10 Homes Were Sold
Under 30 Days

2 Homes Were Sold
In 30 - 90 Days

1 Home Was 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 January 2024, 13 homes were sold in Thompson's Station; 77% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 8% 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 21 Days Ago

Newest Listings in Thompson's Station, TN

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