James & Stephanie Crawford

Hermitage, TN

Single-Family Homes

Nesting In Nashville REAL-TIME Market Reports



Hermitage, TN

Tue Nov 13 2018
This week the median list price for Hermitage, TN is $314,900 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has held steady at or around 111. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Hermitage, TN

Tue Nov 13 2018
This week the median list price for Hermitage, TN is $314,900 with the market action index hovering around 41. This is an increase over last month's market action index of 40. Inventory has held steady at or around 111. 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

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Hermitage market.
Median List Price $314,900
Per Square Foot $150
Days on Market 72
Price Decreased 51%
Price Increased 4%
Relisted 21%
Inventory 111
Median House Rent $1,699
Most Expensive $924,942
Least Expensive $175,000
Market Action Index
Slight Seller's Advantage
41

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
$430,000 2,746 0.25 - 0.5 acre 4 2 0 0 2 106
$342,195 2,405 6,500 - 8,000 sqft 3 2 11 2 1 70
$299,900 1,976 6,500 - 8,000 sqft 3 2 6 2 2 65
$239,450 1,700 0.25 - 0.5 acre 3 2 43 7 6 51