It’s no secret that the Thompson’s Station housing market has been going strong this year. It’s been a seller’s market with great conditions for those selling a home. Keeping up to date with the latest housing market information is important if you are considering listing your home. It will help you to determine the right price to sell your home or how much you should pay for the next home. Here’s a quick look at the most important housing data for the Thompson’s Station housing market over the last month.
Thompson’s Station Housing Market Update
October 24, 2015 through November 24, 2015
Houses Closed: 36
Average Sale Price: $373,724
Average Sale Price per Square Foot: $139.35
Median Sale Price: $370,628
Median Sale Price per Square Foot: $135.68
Lowest Sale Price: $207,000 for a 2,108 SQFT home with 3 bedrooms and 2.5 bathrooms.
Highest Sale Price: $650,000 for a 3,997 SQFT home with 4 bedrooms and 4.5 bathrooms.
Homes Currently on the Market in Thompson’s Station
$200,000 and Under: 7 with 3 under contract.
$200,001 to $250,000: 26 with 17 under contract.
$250,001 to $300,000: 22 with 6 under contract.
$300,001 to $400,000: 59 with 13 under contract.
$401,000 to $500,000: 35 with 4 under contract.
$501,000 and up: 44 with 7 under contract.
Thompson’s Station Market Analysis:
Houses in Thompson’s Station, TN sold on average within 0.5% of the list price. The most popular neighborhoods in Thompson’s Station during this time period were Canterbury (13), Tollgate Village (6), and Bridgemore Village (4).* It’s an extremely strong market for sellers. The $200k to $250k price range is the premium market for home sales at the moment with 65% of those homes under contract. Many of the homes in Canterbury were new construction.
How much is your home worth? Find out!
For more information on home values or help with selling your home contact me with the form below, call (or text) 931-674-1727 or 615-302-4242, or email: DaveTownsend@KW.com.
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*Parenthesis indicate the number of homes closed in these subdivisions over this period of time.
This data was valid as of 11/24/2015 and is subject to change as market conditions change.
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