Is Hillwood, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Hillwood was a Buyer's Market.
Key Takeaway
Hillwood is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Hillwood, TN
How much do homes in Hillwood, TN cost?
Median Sold Price
$870,000
$382/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Hillwood have sold for 2% less than they did a year ago.
Summary: The median home sold price in Hillwood was $870,000 in May 2024, down 2% from last year, and the median price per square foot was $382.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $784.3K | $675K | -13.9% |
| 3 Bedrooms | $735.8K | $690K | -6.2% |
| 4 Bedrooms | $900K | $870K | -3.3% |
| 5+ Bedrooms | $2.6M | $3.2M | +24.1% |
Summary: Hillwood housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 13.9%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 3.3%, and 5+ bedroom homes increased by 24.1%.
Median Sold Price Compared To Nearby Neighborhoods
| West Nashville | $698.3K | $701K | 0.4% |
| Hillwood | $887.5K | $870K | -2.0% |
Housing Supply in Hillwood, TN
How many homes are available in Hillwood, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 23 | 25 | +8.7% |
Summary: The Hillwood real estate market had 25 homes for sale in May 2024, a 8.7% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 0 | 0 | 0.0% |
| 3 Bedrooms | 7 | 8 | +14.3% |
| 4 Bedrooms | 5 | 8 | +60.0% |
| 5+ Bedrooms | 11 | 9 | -18.2% |
Summary: The Hillwood housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes increased by 14.3%, 4 bedroom homes increased by 60%, and 5+ bedroom homes decreased by 18.2%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 6 | 5 | -16.7% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Hillwood, you may be able to get a good deal. 60% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in Hillwood in May 2024, down by 16.7% month-over-month. Of the 5 sold homes, 60% were sold under asking, 0% were sold at asking, and 40% were sold over asking.
Days on Market for Hillwood, TN
How long does it take to sell a home in Hillwood, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 14 Days | 24 Days | +72.9% |
Summary: Homes in Hillwood had an average of 24 days on market in May 2024, up by 72.9% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Hillwood are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 5 homes were sold in Hillwood; 60% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.