Temple Hills Homes for Sale in Franklin TN | Market Report for April 2013
Temple Hills is located on the northwest side of Franklin off Sneed Road. There are approximately 600 homes in the Temple Hills neighborhood of Franklin TN. They generally range between 1,600 to 6,500 square feet. The first homes were built in 1975 but building continures today in the Temple Hills Reserve, the gated section of Temple Hills. Homes currently range in price between $394,500 to $1.2M.
Temple Hills Franklin TN Market Report for April 2013
- Properties currently Active on the market: 10
- Single-family properties closed in April 2013: 6
- Average sales price: $342,900
- Average list price: $349,449
- Average sales price to list price ratio: 98.1%
- Average days on the market: 106
- Sales currently pending: 3
- Temple Hills absorption rate: 1.7 months of inventory (a normal or steady market would be 5 - 7 months; anything under 5 months of inventory is considered a sellers' market; anything above 7 months of inventory is considered a buyers' market).
Temple Hills is in an extreme sellers' market. While the average sales price to list price ratio is high so are the average days on the market. It's likely that some of the homes were priced too high when they came on the market. It wasn't until they dropped their price that they finally went under contract. The result, a longer average days on the market. It's always best to price your Temple Hills home for sale right from the beginning.
The best way to determine a list price is to have an experienced real estate agent prepare a Competitive Market Analysis. This will provide you with the current active listings and most recent closed sales so you can price your home competitively.
If you are a Temple Hills home buyer, be sure to have the assistance of a Buyer's Agent. He/she will also be able to provide you with a Competitive Market Analysis to determine the best purchase price. This service is provided at no cost to you; Buyer's Agents are paid by the listing brokerage company.
If you need assistance buying or selling a Temple Hills homes for sale in Franklin TN today, contact
Tammie White at (615) 495-0752.