Is Hendersonville, 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, Hendersonville has remained a Seller's Market.
Key Takeaway
Hendersonville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hendersonville, TN
How much do homes in Hendersonville, TN cost?
Median Sold Price
$499,949
$222/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Hendersonville have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Hendersonville was $499,949 in April 2024, up 3.8% from last year, and the median price per square foot was $222.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $292.5K | - | N/A |
| 2 Bedrooms | $404.9K | $404.9K | 0.0% |
| 3 Bedrooms | $425K | $424.9K | 0% |
| 4 Bedrooms | $615K | $601.9K | -2.1% |
| 5+ Bedrooms | $753.9K | $752.5K | -0.2% |
Summary: Hendersonville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes did not change, 4 bedroom homes decreased by 2.1%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Gallatin | $424.9K | $445.6K | +4.8% |
| Hendersonville | $481.7K | $499.9K | +3.8% |
| Old Hickory | $377.7K | $379.9K | +0.6% |
| Goodlettsville | $404.5K | $390.1K | -3.5% |
| Goodlettsville | $407.5K | $391.8K | -3.9% |
Housing Supply in Hendersonville, TN
How many homes are available in Hendersonville, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 315 | 376 | +19.4% |
Summary: The Hendersonville real estate market had 376 homes for sale in April 2024, a 19.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 20 | 26 | +30.0% |
| 3 Bedrooms | 140 | 165 | +17.9% |
| 4 Bedrooms | 125 | 146 | +16.8% |
| 5+ Bedrooms | 30 | 39 | +30.0% |
Summary: The Hendersonville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 30%, 3 bedroom homes increased by 17.9%, 4 bedroom homes increased by 16.8%, and 5+ bedroom homes increased by 30%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 58 | 79 | +36.2% |
Asking Price vs. Sold Price
33 Homes Were Sold
Under Asking
25 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hendersonville, you may be able to get a good deal. 41.8% of homes here sold below asking price last month.
Summary: A total of 79 homes were sold or pending in Hendersonville in April 2024, up by 36.2% month-over-month. Of the 79 sold homes, 42% were sold under asking, 32% were sold at asking, and 27% were sold over asking.
Days on Market for Hendersonville, TN
How long does it take to sell a home in Hendersonville, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 16 Days | 16 Days | -2.9% |
Summary: Homes in Hendersonville had an average of 16 days on market in Apr 2024, down by 2.9% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
12 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hendersonville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 79 homes were sold in Hendersonville; 81% of homes were sold within 30 days, 15% of homes were sold within 30 to 90 days, and 4% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.