Hendersonville, TN 37075 Real Estate Market Report

Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Market Metrics

The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

Rental Market

Property Taxes

Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. The primary indicator of market value is the median sold price: $342,000 median sold price, which anchors recent transaction activity and suggests that actual sale outcomes are materially lower than current asking expectations in the market sample.
2. There is a notable spread between the $589,450 median listing price and the $342,000 median sold price, which may indicate pricing friction as seller expectations outpace realized transaction prices; flat price momentum supports a cautious interpretation rather than clear appreciation.
3. Market liquidity appears slower: the 189 median days on market points to extended time-to-contract and, in combination with sample composition, suggests elevated inventory relative to sales activity and softer sales velocity rather than acute distress.
4. Financing and rental signals are mixed: mortgage pressure is elevated with current 30-year fixed mortgage rates reported at 6.56%, which may damp buyer urgency (elevated interest rate pressure), while the rental side shows resilience—$2,300 median market rent with a rent year-over-year trend of up—supporting sustained rental demand for SFR and condo assets.

Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.