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 2021

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

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

Median Sold Price

$780,000

$284/sqft

Based on all homes sold in the last 12 months.

Difference Since September 2021

+$218,998(+39.0%)

Key Takeaway

Homes in Thompson's Station have sold for 39% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSSep 2021Sep 2022%
1 $665K-
N/A
2 $325K$467.5K
+43.8%
3 $445K$540K
+21.3%
4 $591K$862.5K
+45.9%
5+ $660.4K$1.1M
+80.9%

Median Sold Price Compared To Nearby Cities

Thompson's Station
+39.0%
Spring Hill
+30.8%

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

Number of Homes For Sale

Aug 2022Sep 2022%
6062+3.3%

Homes For Sale By Bedroom Count

# BEDSAug 2022Sep 2022%
1 00
0.0%
2 53
-40.0%
3 2122
+4.8%
4 2324
+4.3%
5+ 1113
+18.2%

Number of Homes Sold

Aug 2022Sep 2022%
149-35.7%

Asking Price vs. Sold Price

8 Homes Were Sold
Under Asking

1 Home Was Sold
At Asking

0 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Thompson's Station, you may be able to get a good deal. 88.9% of homes here sold below asking price last month.

Average Sale Time

Sep 2021Sep 2022%
5 Days25 Days+348.4%

Breakdown of Home Sale Times

6 Homes Were Sold
Under 30 Days

3 Homes Were Sold
In 30 - 90 Days

0 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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Thompson's Station, TN

There are 62 homes are for sale in Thompson's Station, TN real estate market. In September 2022 in Thompson's Station, TN there were 3.3% more homes for sale than in August 2022. While the average time on the market in September 2022 was 25 days, the median list price was $780,000. Between August 2022 and September 2022, listing prices of homes in this real estate market have seen the following changes: 1 bedroom properties prices increased by 0%, the cost of 2 bedrooms properties went up by 43.8%, 3 bedrooms properties prices increased by 21.3%, prices of 4 bedrooms properties increased by 45.9%, 5 bedrooms properties prices increased by 80.9%. Volume of homes for sale in this real estate market have seen the following changes: volume of 1 bedroom homes stayed the same, 2 bedrooms homes became 40% less available, 3 bedrooms homes inventory increased by 4.8%, the quantity of 4 bedrooms homes went up by 4.3%, volume of 5 bedrooms homes went up by 18.2%. In September 2022 more than 0 listings in Thompson's Station, TN were sold above the asking price. During the same period more than 1 listings were sold at asking price, while more than 8 were sold below.

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