Is Oak Hill, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, Oak Hill was a Seller's Market.
Housing Prices in Oak Hill, TN
How much do homes in Oak Hill, TN cost?
Median Sold Price
$1,972,500
$487/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Oak Hill was $1,972,500 in April 2024, up 23.3% from last year, and the median price per square foot was $487.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | - | - | N/A |
2 Bedrooms | $1.2M | - | N/A |
3 Bedrooms | $1.0M | $1.0M | -4.7% |
4 Bedrooms | $1.5M | $1.8M | +17.9% |
5+ Bedrooms | $3.5M | $3.0M | -16.4% |
Summary: Oak Hill housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes did not change, 3 bedroom homes decreased by 4.7%, 4 bedroom homes increased by 17.9%, and 5+ bedroom homes decreased by 16.4%.
Median Sold Price Compared To Nearby Cities
Oak Hill | $1.6M | $1.9M | +23.3% |
Nashville | $518K | $529.3K | +2.2% |
Forest Hills | $2.1M | $1.9M | -9.8% |
Housing Supply in Oak Hill, TN
How many homes are available in Oak Hill, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
58 | 56 | -3.4% |
Summary: The Oak Hill real estate market had 56 homes for sale in April 2024, a 3.4% decrease compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 0 | 0 | 0.0% |
2 Bedrooms | 2 | 2 | 0.0% |
3 Bedrooms | 3 | 4 | +33.3% |
4 Bedrooms | 13 | 9 | -30.8% |
5+ Bedrooms | 40 | 41 | +2.5% |
Summary: The Oak Hill housing inventory by bedroom type for April 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 33.3%, 4 bedroom homes decreased by 30.8%, and 5+ bedroom homes increased by 2.5%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
15 | 7 | -53.3% |
Asking Price vs. Sold Price
5 Homes Were Sold
Under Asking
2 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Summary: A total of 7 homes were sold or pending in Oak Hill in April 2024, down by 53.3% month-over-month. Of the 7 sold homes, 71% were sold under asking, 29% were sold at asking, and 0% were sold over asking.
Days on Market for Oak Hill, TN
How long does it take to sell a home in Oak Hill, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 33 Days | +34.3% |
Summary: Homes in Oak Hill had an average of 33 days on market in Apr 2024, up by 34.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 7 homes were sold in Oak Hill; 86% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.