Is Spring Hill, 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, Spring Hill has remained a Seller's Market.
Housing Prices in Spring Hill, TN
How much do homes in Spring Hill, TN cost?
Median Sold Price
$481,032
$232/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Spring Hill was $481,032 in April 2024, down 7.3% from last year, and the median price per square foot was $232.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $135K | $501.5K | +271.5% |
2 Bedrooms | $346K | $337.5K | -2.5% |
3 Bedrooms | $459.9K | $430K | -6.5% |
4 Bedrooms | $592.2K | $550K | -7.1% |
5+ Bedrooms | $709K | $725K | +2.3% |
Summary: Spring Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 271.5%, 2 bedroom homes decreased by 2.5%, 3 bedroom homes decreased by 6.5%, 4 bedroom homes decreased by 7.1%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Cities
Columbia | $349.5K | $359.9K | +3.0% |
Thompson's Station | $780K | $744.1K | -4.6% |
Spring Hill | $518.7K | $481K | -7.3% |
Housing Supply in Spring Hill, TN
How many homes are available in Spring Hill, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
374 | 433 | +15.8% |
Summary: The Spring Hill real estate market had 433 homes for sale in April 2024, a 15.8% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 1 | 1 | 0.0% |
2 Bedrooms | 36 | 37 | +2.8% |
3 Bedrooms | 167 | 200 | +19.8% |
4 Bedrooms | 136 | 152 | +11.8% |
5+ Bedrooms | 34 | 43 | +26.5% |
Summary: The Spring Hill 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 2.8%, 3 bedroom homes increased by 19.8%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes increased by 26.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
80 | 92 | +15.0% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
36 Homes Were Sold
At Asking
17 Homes Were Sold
Over Asking
Summary: A total of 92 homes were sold or pending in Spring Hill in April 2024, up by 15.0% month-over-month. Of the 92 sold homes, 42% were sold under asking, 39% were sold at asking, and 18% were sold over asking.
Days on Market for Spring Hill, TN
How long does it take to sell a home in Spring Hill, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
34 Days | 26 Days | -24.8% |
Summary: Homes in Spring Hill had an average of 26 days on market in Apr 2024, down by 24.8% compared to last year.
Breakdown of Home Sale Times
64 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
7 Homes Were Sold
Over 90 Days
Summary: During April 2024, 92 homes were sold in Spring Hill; 70% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.