James & Stephanie Crawford

Hermitage, TN

Single-Family Homes

Nesting In Nashville REAL-TIME Market Reports



Hermitage, TN

Mon Jun 17 2019
This week the median list price for Hermitage, TN is $339,950 with the market action index hovering around 46. This is less than last month's market action index of 50. Inventory has held steady at or around 114. 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

Strong Seller's Market

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

Mon Jun 17 2019
This week the median list price for Hermitage, TN is $339,950 with the market action index hovering around 46. This is less than last month's market action index of 50. Inventory has held steady at or around 114. 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

Strong Seller's Market

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 $339,950
Per Square Foot $149
Days on Market 63
Price Decreased 29%
Price Increased 14%
Relisted 72%
Inventory 114
Median House Rent $1,700
Most Expensive $999,900
Least Expensive $184,900
Market Action Index
Strong Seller's Market
46

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
$434,900 2,937 0.25 - 0.5 acre 4 2 4 4 0 105
$359,900 2,496 6,500 - 8,000 sqft 3 2 1 3 3 61
$319,900 2,016 6,500 - 8,000 sqft 3 2 2 2 3 57
$245,000 1,766 0.25 - 0.5 acre 3 2 39 9 8 31