Market trends in Hendersonville, TN 37075 show a group of mixed signals. While the Median Sales Price reported by "trulia" this month shows a 26.3% increase in Median Sales Price, the figures could be distorted by the sharp drop in the number of home sales for the same period. With a smaller group of sales reported the Median Price could be affected by the sale of a small number of Lake Front properties in the community. The increase of Average Listing Price and Number of Listings could also reflect the reentry to the market of more of Hendersonville's larger properties and Lake Homes.
The most significant result reported by "trulia" this month is the $85 per square foot Average Price per square foot. The current quarter result of $85 reflects a fall in home prices over the previous year of 6.6% in the area. This is a great sign for Buyers to get into the market. The $85 per square foot Average Sales Price in Hendersonville makes purchasing an existing property, in most cases, less expensive than new construction.
| Location | Sep - Nov '10 | y-o-y | 3months prior | 1 year prior | 5 years prior |
|---|---|---|---|---|---|
| 37075 | $85 | -6.6% | $89 | $91 | $91 |
| Hendersonville | $85 | -6.6% | $89 | $91 | $93 |
Summary
The median sales price for homes in ZIP code 37075 for Sep 10 to Nov 10 was $241,950. This represents an increase of 24.3%, or $47,260, compared to the prior quarter and an increase of 26.3% compared to the prior year. Sales prices have appreciated 23.2% over the last 5 years in 37075, Hendersonville. The median sales price of $241,950 for 37075 is 0.00% higher than the median sales price for Hendersonville TN. Average listing price for homes on Trulia in ZIP code 37075 was $292,932 for the week ending Dec 01, which represents an increase of 1.2%, or $3,542 compared to the prior week and a decline of 0.5%, or $1,515, compared to the week ending Nov 10. Average price per square foot for homes in 37075 was $85 in the most recent quarter, which is 0.00% higher than the average price per square foot for homes in Hendersonville.
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