Hendersonville housing market update: inventory near 300, rates just under 6%
Hendersonville, TN – March 6, 2026 – Home values hovered near $506K with roughly 300 listings active; buyers watched days-to-pending and rates just under 6%.
Hendersonville, TN entered early spring with a steadier pace but continued sensitivity to pricing. Zillow’s local benchmark value was near $506K (about +0.5% year over year), and homes were typically going pending in about 46 days. Even with that relatively orderly tempo, the market continued to show a meaningful spread between where sellers were listing and where homes were ultimately closing.
Top takeaways
- Inventory: About 298 homes were for sale at the end of January, with roughly 60 new listings added.
- Pricing vs. expectations: Sale-to-list pricing stayed fairly tight overall, with readings around 98–99%.
- Closed-market snapshot: Redfin’s January median sale price was about $472K, with reported market time around 75 days.
Market snapshot
On the supply side, the active selection remained sizable while buyers stayed attentive to value. Zillow’s January median list price was about $553K, while its December median sale price was about $484K. That list-versus-sold gap can create two different experiences at once: some listings move quickly when they’re priced in line with recent closed sales, while others linger long enough to invite negotiation.
Financing conditions also remained a key variable. Freddie Mac’s weekly average for a 30-year fixed mortgage was 5.98% (Feb. 26, 2026). At local price points, even small shifts in rates can materially change monthly payments, which can influence how buyers respond to higher-priced inventory and how quickly sellers need to adjust.
What to watch next
With the gap between median list and sold pricing still noticeable, buyers may find leverage on homes that miss the first wave of showings—especially above about $550K—while sharp, updated listings can still move quickly. The next signals to monitor are whether days-to-pending stays near recent norms and whether more homes need price reductions to find traction.