Stephanie & James Crawford

Hermitage, TN

Single-Family Homes

Nesting In Nashville REAL-TIME Market Reports



Hermitage, TN

Sat Aug 17 2019
This week the median list price for Hermitage, TN is $338,500 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has held steady at or around 105. Click here to stay informed with the Hermitage market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Hermitage, TN

Sat Aug 17 2019
This week the median list price for Hermitage, TN is $338,500 with the market action index hovering around 42. This is an increase over last month's market action index of 40. Inventory has held steady at or around 105. Click here to stay informed with the Hermitage market!

Market Action Index

The Market Action Index answers the question "How's the Market?" by measuring the current rate of sale versus the amount of the inventory. Index above 30 implies Seller's Market conditions. Below 30, conditions favor the buyer.

Today
Last Month

Slight Seller's Advantage

While the Market Action Index shows some strengthening in the last few weeks, prices have not seemed to move from their plateau. Should the upward trend in sales relative to inventory continue, expect prices to resume an upward climb in tandem with the MAI.

Real-Time Market Profile

Never miss important changes in the Hermitage market.
Median List Price $338,500
Per Square Foot $151
Days on Market 78
Price Decreased 46%
Price Increased 21%
Relisted 49%
Inventory 105
Median House Rent $1,648
Most Expensive $589,900
Least Expensive $155,000
Market Action Index
Slight Seller's Advantage
42

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$420,945 2,757 8,000 - 10,000 sqft 4 2 0 3 4 145
$352,745 2,441 8,000 - 10,000 sqft 3 2 1 9 2 79
$321,725 2,016 8,000 - 10,000 sqft 3 2 6 6 4 54
$246,250 1,632 0.25 - 0.5 acre 3 2 41 9 5 37