James & Stephanie Crawford

Hermitage, TN

Single-Family Homes

Nesting In Nashville REAL-TIME Market Reports



Hermitage, TN

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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Hermitage, TN

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

Strong Seller's Market

The market has started cooling and prices have been flat for several weeks. Since we’re in the Seller’s zone, watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Hermitage market.
Median List Price $334,900
Per Square Foot $136
Days on Market 56
Price Decreased 37%
Price Increased 2%
Relisted 17%
Inventory 60
Median House Rent $1,595
Most Expensive $950,000
Least Expensive $137,000
Market Action Index
Strong Seller's Market
61

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
$449,000 2,864 0.25 - 0.5 acre 4 2 6 1 2 113
$359,900 2,712 8,000 - 10,000 sqft 4 2 16 2 1 62
$318,000 2,440 0.25 - 0.5 acre 4 2 19 4 5 26
$265,000 1,964 0.25 - 0.5 acre 3 2 32 4 3 21