3 Bedroom Homes for Sale in Hermitage, TN

3 Bedroom Homes for Sale in Hermitage, TN May 19, 2024
424
Listed
84
Avg. DOM
$241.34
Avg. $ / Sq.Ft.
$431,783
Med. List Price
424 Properties
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Overview of 3 Bedroom Homes in Hermitage, TN

The Hermitage real estate market is currently vibrant with a wide selection of 3-bedroom homes, catering to families and professionals alike. As of the latest market data, the average price for a 3-bedroom home in Hermitage is approximately $350,000, with properties typically spending about 30 days on the market before being sold. Compared to the previous year, there's been a modest increase in both price and demand, reflecting Hermitage’s growing appeal among home buyers.

Hermitage 3 bedrooms Home

Most 3-bedroom homes in Hermitage feature an average square footage of around 2,000 sq ft. Buyers can expect a variety of architectural styles, predominantly traditional and ranch-style homes, which blend modern living with classic design elements. These homes are well-suited for the region’s diverse climate and community lifestyle.

Price Trends for 3 Bedroom Homes in Hermitage

Understanding Recent Market Shifts

Over the past six months, the price of 3-bedroom homes in Hermitage has seen fluctuations influenced by economic factors and local market dynamics. The average sale price has shown a gradual increase from $335,000 to $350,000, indicating a healthy and growing real estate market.

Factors Influencing Price Changes

The pricing of homes is impacted by several factors including local economic conditions, the rate of new constructions, and shifts in buyer preferences. In Hermitage, there’s been a steady demand for homes with modern amenities such as energy-efficient appliances, smart home technology, and eco-friendly materials. Additionally, the proximity to Nashville, about 14 miles northwest, enhances Hermitage’s desirability, affecting property values positively.

Architectural Styles of 3 Bedroom Homes in Hermitage

Hermitage showcases a rich array of architectural styles in its 3-bedroom homes, with a clear preference for traditional and contemporary designs. Traditional homes in the area often feature brick exteriors, large front porches, and spacious backyards, catering to a classic aesthetic that appeals to a broad segment of homebuyers. These homes are typically around 20 years old but well-maintained, making them a reliable choice for families.

Hermitage 3 bedrooms Homes

On the other hand, contemporary homes are gaining popularity, particularly among newer constructions. These properties highlight modern, sleek designs with open floor plans, large windows, and minimalist interiors. The average size of these contemporary homes is roughly 1,800 to 2,200 sq ft, designed to offer comfort and functionality with a modern twist.

The Appeal of Hermitage, TN for Home Buyers

Geographic and Economic Factors

Hermitage’s location is a significant advantage, situated just a short drive from downtown Nashville, providing residents with a blend of suburban tranquility and city accessibility. The local economy is robust, supported by sectors such as healthcare, education, and retail, which contributes to the area's low unemployment rate and supports a stable real estate market.

Availability of Amenities and Infrastructure

Hermitage is well-equipped with amenities that enhance its appeal to potential homebuyers. The area boasts several highly rated schools, including Hermitage Elementary and Dupont Tyler Middle School, making it a preferred choice for families. Parks such as Hermitage Park and Stones River Bend Park offer ample recreational opportunities, while nearby shopping centers and restaurants cater to the daily needs and leisure activities of residents.

Analysis of Property Sizes and Lot Dimensions

In Hermitage, the property sizes for 3-bedroom homes vary significantly, providing options for different buyer preferences and family sizes. The average interior space for these homes ranges from 1,500 to 2,500 square feet. This range caters to a broad spectrum of needs, from compact layouts ideal for smaller families or first-time homebuyers to more expansive designs suited for growing families.

Hermitage TN 3 bedrooms Homes

Lot dimensions also play a crucial role in the appeal of these homes. On average, lots in Hermitage are about 0.25 to 0.5 acres, offering ample outdoor space for gardens, children's play areas, and entertainment. Larger lots of up to 1 acre or more are available, particularly on the outskirts of the town, appealing to those looking for more privacy and space.

Age and Condition of 3 Bedroom Homes on the Market

The age of 3-bedroom homes in Hermitage varies widely, providing a spectrum of choices for homebuyers. New constructions are quite prevalent, featuring modern amenities and energy-efficient designs. These homes are typically less than 5 years old and come with the latest home technologies, such as smart thermostats and high-efficiency HVAC systems.

Older homes, ranging from 20 to 50 years in age, are also abundant. Many of these properties have been updated or remodeled to include modern conveniences while retaining their original charm and architectural details. For buyers interested in properties with character and potential for customization, these older homes present an appealing option.

Upgrades and Amenities in 3 Bedroom Homes

Three-bedroom homes in Hermitage are often equipped with a variety of upgrades and amenities that significantly enhance their appeal. Common upgrades include hardwood floors, granite countertops, and stainless steel appliances. Energy-efficient features such as double-paned windows and upgraded insulation are also prevalent, reflecting the growing trend towards sustainability.

Amenities that add to the desirability of these homes include ensuite master bathrooms, walk-in closets, and spacious garages that can accommodate two or more vehicles. Outdoor living spaces, such as covered patios and decks, are also popular, especially in homes priced above the median of $350,000, offering perfect settings for entertaining and relaxation.

Local Schools and Community Features

Schools Enhancing Property Value

Hermitage is home to several well-regarded schools that contribute to the community’s attractiveness for families. Notable schools include Hermitage Elementary, which boasts high parent satisfaction ratings, and Dupont Tyler Middle School, known for its robust STEM programs. The quality of local education is a significant factor in real estate decisions, and these schools add considerable value to the residential properties in their vicinity.

Community Amenities

Beyond education, Hermitage offers a variety of community amenities that make everyday life convenient and enjoyable. There are numerous parks, including the popular Hermitage Park, which features walking trails, sports fields, and picnic areas. The proximity to Old Hickory Lake provides additional recreational options like boating and fishing. For shopping and dining, residents have easy access to Hermitage Plaza and Jackson’s Courtyard, which host a range of stores and restaurants.

Comparative Market Analysis with Nearby Communities

Comparing Hermitage with Nashville's Real Estate Market

When compared to the bustling market of Nashville, Hermitage offers a more relaxed pace with a focus on community living. The average price for a 3-bedroom home in Nashville is around $400,000, noticeably higher than Hermitage’s average of $350,000. This price difference makes Hermitage an attractive option for those seeking more affordable housing without sacrificing accessibility to urban amenities. The homes in Hermitage also tend to feature larger lot sizes, averaging 0.3 acres compared to Nashville’s 0.2 acres, providing more space for outdoor activities and privacy.

Future Outlook for 3 Bedroom Homes in Hermitage

The real estate market in Hermitage is expected to remain robust with continuous growth in demand, especially given its proximity to Nashville and the overall quality of life in the area. The introduction of new residential developments and the steady improvement in local amenities are likely to drive up property values. Potential buyers are encouraged to consider the long-term benefits of investing in Hermitage, particularly as the area develops further and continues to attract a diverse population.

In summary, Hermitage, TN offers an appealing blend of affordability, community amenities, and quality real estate options for those in the market for a 3-bedroom home. With a variety of architectural styles, property sizes, and modern upgrades, alongside strong local schools and community features, Hermitage represents a vibrant market with promising future prospects. Whether looking for a first home or seeking a family-friendly community, Hermitage provides a compelling choice just outside the hustle of Nashville.