Are Home Prices Rising or Falling in Hendersonville, TN?
Hendersonville, a city near Nashville, TN, is a housing market with modest price growth. Here's what's happening and what buyers and sellers can expect.
The National Picture
Prices are still rising at the national level. The U.S. median home price is about $399,000, up 2% year over year in the three months ending August 2026. Affordability has been easing, with the typical American household earning roughly $88,000 and now devoting about 34% of income to housing, compared to about 36% a year ago. Nationwide, about 20% of listings carry a price reduction and homes sit on the market for a median of 50 days.
Home Prices in the Nashville Area
Across the Nashville metro, the median sale price is about $480,000, essentially flat from a year ago. The typical metro-area household earns around $96,000 and spends about 36% of that on housing, down about 1.5 percentage points from last year. With 5.4 months of supply and homes sitting a median of 64 days, the Nashville market is more balanced than it was a year ago.
Modest Gains Keep Prices Close to Last Year
Hendersonville's median sale price edged up about 2% from a year ago to $535K. That modest gain is in line with the Nashville metro's flat trend but trails the national rate of 2%. About 39% of listings carry a price cut, and homes take a median of 60 days to sell. Around 14% of sales closed above asking, and the typical sale landed at about 98% of list price. Nearby Gallatin saw stronger growth at 5%, while Brentwood climbed a similar 5%.
Why Are Prices Rising Modestly in Hendersonville?
Hendersonville's modest price gains reflect a market where demand has softened. Active listings grew about 5%, and new listings rose 4%. But pending sales fell 16%, a notable drop that suggests fewer buyers are competing for homes. At 4.6 months of supply and with 39% of listings carrying a price cut, sellers face a more cautious buyer pool. Homes still sell in a median of 60 days, which is essentially unchanged from a year ago.
| Location | Median Price | Price YoY | Price Drops | Months of Supply |
|---|---|---|---|---|
| Hendersonville ★ | $534,646 | +1.8% | 39.3% | 4.6 |
| Gallatin | $447,154 | +5.2% | 35.2% | 4.8 |
| Franklin | $862,929 | +12.4% | 30.3% | 3.6 |
| Brentwood | $1,424,058 | +5.1% | 35.9% | 4.2 |
| Spring Hill | $508,284 | -4.1% | 34.6% | 4.1 |
| Murfreesboro | $429,716 | -1.2% | 33.2% | 4.0 |
Limited to neighborhoods with at least 10 home sales in the period.
All data comes from Redfin and represents a three-month rolling average ending August 2026. This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. Check the Redfin Data Center for additional in-depth housing market data.
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