Here’s a look at the Hendersonville TN Market Report for this month.
From August of 2016 to August of this year, the average price of homes in Hendersonville went up approximately 13%.
There were 135 Single Family Homes closed in August, 2017 with an average list price of $336,538 and a sales price of $334,099. This indicates that homes are selling for approximately 99% of their asking price, with an average of 20 days on the market. The average price per s.f. was $128.82.
In August of 2016, we saw 149 sales, with the average list price of single famiy homes at $290,653.00…and an average sales price of $289,299.00. This is very little change from this year’s numbers of homes selling at over 99% of their list price. The average price per s.f. was $121.49 with 23 days on the market.
Hendersonville TN Market Report
What does this mean for Buyers?
It means to make your list of what you want/need in a new home, and be prepared to make a quick decision when a listing pops up that fits your needs. You’ll have to move quickly to secure the house that you want. Have your financing in order with a pre-approval letter in hand in case of getting into a multiple offer situation.
What does this mean for Sellers?
It means to take advantage of this strong seller’s market if you want to sell your home any time in the immediate future. When you put your house on the market, have the propery in tip-top condition and be ready to move quickly.
Hendersonville TN Condo Market Report
We have very few condos compared to single family homes in this area. But a quick review shows that in 2017, there were 10 condos/townhomes sold in Hendersonville. These units had an average list price of $150,325.00 and a sales price of $152,130.00. This shows a higher sales price, most likely due to these being new condos with upgrades added to the sales price.
August, 2016 saw 6 condos/townhomes sold with an average list price of $120,969.00 and an average sales price of $120,719.00.
Showing below are average-priced homes for sale in Hendersonville TN with all listings being under $350,000.