Knowing how the housing market in your area is performing is very important for determining 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 Spring Hill TN housing market over the last month.
Spring Hill TN Housing Market Update
October 23, 2015 through November 23, 2015
Houses Closed: 80
Average Sale Price: $253,196
Average Sale Price per Square Foot: $111.69
Median Sale Price: $236,367
Median Sale Price per Square Foot: $113.57
Lowest Sale Price: $82,600 for a 1789 SQFT home with 4 bedrooms and 3 bathrooms.
Highest Sale Price: $629,900 for a 6528 SQFT home with 6 bedrooms and 4.5 bathrooms.
Homes Currently on the Market in Spring Hill
$200,000 and Under: 21 with 15 under contract. (See Spring Hill Homes for sale under $200K)
$200,001 to $250,000: 64 with 27 under contract. (See Spring Hill Homes for sale between $200,000 to $250,000)
$250,001 to $300,000: 61 with 13 under contract.
$300,001 to $400,000: 72 with 13 under contract.
$401,000 to $500,000: 34 with 8 under contract.
$501,000 and up: 24 with 2 under contract.
Spring Hill Market Analysis:
Houses in Spring Hill, TN sold on average within 1.5% of the list price. The most popular neighborhoods in Spring Hill during this time period were Oak Lake Estates (4), Port Royal Estates (4), Reserve at Port Royal (4), Wades Grove (5).* It’s still a very strong market for sellers. The under $200,000 price range is the hot zone in Spring Hill with 71% of these homes are under contract. The second price range in the most demand is the $200k-$250k which has 42% of the homes under contract.
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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 11/23/2015 and is subject to change as market conditions change.