Is Donelson / Hermitage, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Donelson / Hermitage has remained a Seller's Market.
Housing Prices in Donelson / Hermitage, TN
How much do homes in Donelson / Hermitage, TN cost?
Median Sold Price
$390,242
$233/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Donelson / Hermitage was $390,242 in April 2024, up 1% from last year, and the median price per square foot was $233.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $241.9K | $225K | -7.0% |
2 Bedrooms | $293.9K | $296.9K | +1.0% |
3 Bedrooms | $389.9K | $393.6K | +0.9% |
4 Bedrooms | $513.4K | $510K | -0.7% |
5+ Bedrooms | $573K | $554.1K | -3.3% |
Summary: Donelson / Hermitage housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7%, 2 bedroom homes increased by 1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes decreased by 0.7%, and 5+ bedroom homes decreased by 3.3%.
Median Sold Price Compared To Nearby Neighborhoods
Donelson / Hermitage | $386.2K | $390.2K | +1.0% |
Hermitage Hills | $370.5K | $373.7K | +0.9% |
Housing Supply in Donelson / Hermitage, TN
How many homes are available in Donelson / Hermitage, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
447 | 471 | +5.4% |
Summary: The Donelson / Hermitage real estate market had 471 homes for sale in April 2024, a 5.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 3 | +50.0% |
2 Bedrooms | 81 | 80 | -1.2% |
3 Bedrooms | 250 | 270 | +8.0% |
4 Bedrooms | 94 | 95 | +1.1% |
5+ Bedrooms | 20 | 23 | +15.0% |
Summary: The Donelson / Hermitage housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 50%, 2 bedroom homes decreased by 1.2%, 3 bedroom homes increased by 8%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 15%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
107 | 100 | -6.5% |
Asking Price vs. Sold Price
53 Homes Were Sold
Under Asking
24 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 100 homes were sold or pending in Donelson / Hermitage in April 2024, down by 6.5% month-over-month. Of the 100 sold homes, 53% were sold under asking, 24% were sold at asking, and 23% were sold over asking.
Days on Market for Donelson / Hermitage, TN
How long does it take to sell a home in Donelson / Hermitage, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
42 Days | 29 Days | -30.7% |
Summary: Homes in Donelson / Hermitage had an average of 29 days on market in Apr 2024, down by 30.7% compared to last year.
Breakdown of Home Sale Times
68 Homes Were Sold
Under 30 Days
22 Homes Were Sold
In 30 - 90 Days
9 Homes Were Sold
Over 90 Days
Summary: During April 2024, 100 homes were sold in Donelson / Hermitage; 68% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.