Nashville Real Estate Talk

Old Hickory, TN Home prices Continue to Slide.

Over the past two years we’ve watched the Home Prices in Old Hickory TN drop from a Median of over $190,000 down to the present level of $162,950.  This chart shows the downward trend in the last year alone.  During that time Old Hickory has seen 10% depreciation.

The biggest reason for the continued slide in values seems to be the lack of new homes.  Old Hickory was ahead of the curve when the first building Lots in Hunters Crossing, Langford Farms and  Indian Lake Farms were being built in the 1980′s and 90′s.

But since then, new homes for sale in Old Hickory have been hard to find.  Many of the current homes  are somewhat dated and Saundersville Rd. has lost some of it’s sparkle.  The result is some very good bargains are now available for  Old Hickory home buyers looking in the low $200,000′s.

Old Hickory home buyers have the Lakeview school and Old Hickory lake to enjoy as well as some great shopping and water sports. The Donelson Y is close by too.

Look for Old Hickory home values to rebound in the later part of 2011.