James & Stephanie Crawford

Hermitage, TN

Single-Family Homes

Nesting In Nashville REAL-TIME Market Reports



Hermitage, TN

Thu Sep 20 2018
This week the median list price for Hermitage, TN is $319,000 with the market action index hovering around 44. This is less than last month's market action index of 50. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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

Thu Sep 20 2018
This week the median list price for Hermitage, TN is $319,000 with the market action index hovering around 44. This is less than last month's market action index of 50. 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

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, 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 $319,000
Per Square Foot $146
Days on Market 58
Price Decreased 37%
Price Increased 4%
Relisted 19%
Inventory 105
Median House Rent
Most Expensive $1,437,000
Least Expensive $165,000
Market Action Index
Slight Seller's Advantage
44

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
$448,950 2,773 0.25 - 0.5 acre 4 3 0 0 3 93
$349,545 2,476 6,500 - 8,000 sqft 4 2 4 6 4 77
$304,900 1,990 6,500 - 8,000 sqft 3 2 19 7 4 32
$240,000 1,668 0.25 - 0.5 acre 3 2 52 6 5 33