Is Hermitage, TN 37076 a buyer’s or seller’s market?

Balanced 3 months ending August 31, 2026 · Source: Redfin

Hermitage is a balanced market. With about 4.8 months of supply, well-priced homes can still draw more than one offer, but buyers have some room to negotiate.

Competition score21/ 100

More competitive than 15% of U.S. ZIP codes, and #216 of 299 in the state.

Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown

Months of supply4.8Under 4 months = seller’s market
Sold above original list10%Share of sales, last 3 months
Median sale-to-list97.3%Sold price ÷ list price
Median days on market68Listing to accepted offer
Median price per sq ft$218▼ −1.3% vs. last year

The Hermitage housing market right now

In the three months ending August 31, 2026, 10% of homes in Hermitage, TN 37076 sold above their list price, the typical home went under contract in 68 days and there were 4.8 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 206 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 18%, homes sold more slowly (59 days then) and the median sale price fell 1% to $419,818. Overall, Hermitage is less competitive than a year ago, which gives buyers more room.

Within Davidson County, homes here sell more slowly than in 58% of the county’s ZIP codes, and sell less often over asking than in 69%. On our competition score, Hermitage ranks #216 of 299 TN ZIP codes with enough sales (score 21 out of 100).

Nearby, buyers who want less competition could look at Nashville 37228 (0% sold over asking) or Nashville 37219 (0% sold over asking), while Nashville 37218 (29% sold over asking) and Whites Creek 37189 (22% sold over asking) are even more competitive.

Nearby markets

Antioch 37013Buyer’s market $206 /sq ftGoodlettsville 37072Balanced $221 /sq ftJoelton 37080Buyer’s market $232 /sq ftMadison 37115Balanced $220 /sq ft Browse all markets →

Where Hermitage is

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Questions about Hermitage real estate

Is Hermitage a buyer’s or seller’s market?

A balanced market: there were 4.8 months of supply in Hermitage, TN 37076 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.

How fast do homes sell in Hermitage?

The typical home went under contract in 68 days in the latest three months.

Do homes in Hermitage sell over asking?

10% of homes sold above their original list price, and the typical sale closed at 97.3% of the list price.

What are property taxes in Hermitage?

About 0.60% of a home’s value a year in Davidson County, or roughly $2,400 on a $400,000 home.

What is the median home price in Hermitage?

The median sale price was $419,818 in the three months ending August 31, 2026, about $218 per square foot.

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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology