Brokers — List your Company Here
Featured local agent — Banner Hill, TN
Sarah Mitchell
Compass Real Estate · Banner Hill, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
This spot is open. Be the only brokerage featured on this page — one slot, no auction.
Claim this spot* Example only — dummy agent for illustration. Your logo, name, tagline, link, and lead routing replace this content.
Banner Hill, TN Housing Market
The last median sale price Redfin published was $255,250, -9.8% year over year (through May 2026). With 0.5 months of supply and homes going under contract in about 231 days, Banner Hill is a balanced market. At today's 7.03% 30-year fixed rate, 20% down on a $255,250 home is about $1,363/mo in principal and interest.
Key numbers for Banner Hill, TN
Median sale price
$255,250
-9.8% year over year
Redfin, through April 2026
Days on market
231
Slow-moving
Redfin, through April 2026
Active listings
1
0.5 months of supply
Redfin, through April 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$66,270
Home costs 3.9x income
U.S. Census ACS, 2023
Sale-to-list ratio
90.8%
Selling below asking
Redfin, through April 2026
Zillow figures refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Banner Hill a buyer's or seller's market?
Banner Hill, TN is a balanced market, based on 0.5 months of supply and homes selling in about 231 days. Under 2 months of supply is a severe shortage: expect competition on almost anything priced correctly, and little room to negotiate below asking.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Banner Hill housing market data show?
Every row below is Redfin's final published month for Banner Hill, TN. Redfin, through April 2026
| Metric | Value |
|---|---|
| Median sale price | $255,250 |
| Median list price | $259,900 |
| Year-over-year price change | -9.8% |
| Median price per sq ft | $198/sq ft |
| Median days on market | 231 days |
| Active inventory | 1 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 90.8% |
| Homes sold (that month) | 2 |
| New listings (that month) | 1 |
| Market condition | Balanced market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Banner Hill is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Banner Hill is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Banner Hill home prices moved?
Over the last three years the median sale price in Banner Hill, TN rose 76.0%, from $145,000 to $255,250. For prices to fall meaningfully from here, supply would have to keep building past 0.5 months while the sale-to-list ratio slips below its current 90.8%. Watch those two together — they move before the median does.
Redfin, through April 2026 — the chart ends at Redfin's final published month.
Get Banner Hill market alerts
Weekly updates on prices, inventory, and trends. Free forever.
What does it cost to buy a home in Banner Hill?
Priced off the median sale price of $255,250 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $51,050 | $204,200 | $1,363/mo |
| 5% | $12,763 | $242,488 | $1,618/mo |
Redfin, through April 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,363, that implies roughly $58,400 a year before you add taxes and insurance. The median household in Banner Hill earns $66,270, about $7,870 more than that threshold — the typical local household clears the payment on a typical local home with 20% down. That puts the price-to-income ratio at 3.9x — above the historical 3x norm but in line with much of the country in 2026.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Banner Hill in the next 12 months?
Tell us your timeline. We send the Banner Hill market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Banner Hill?
Zillow does not publish a rent index (ZORI) for Banner Hill, TN, so we cannot compute a price-to-rent ratio here without borrowing a nearby market's rents and calling them local — which we will not do. The rent vs. buy calculator works with a rent figure you supply.
Is inventory rising or falling in Banner Hill?
Active listings in Banner Hill, TN went from 4 in September 2024 to 1 in April 2026, a -75.0% change. Falling inventory tightens competition. When supply drops while demand holds, sale-to-list ratios rise before the median sale price does.
| Month | Active listings | New listings |
|---|---|---|
| October 2024 | 5 | 1 |
| November 2024 | 4 | not published |
| January 2025 | 5 | 2 |
| February 2025 | 5 | not published |
| March 2025 | 5 | 2 |
| April 2025 | 7 | 3 |
| May 2025 | 6 | 1 |
| June 2025 | 7 | 4 |
| July 2025 | 3 | not published |
| August 2025 | 3 | 1 |
| March 2026 | 3 | 1 |
| April 2026 | 1 | 1 |
Redfin, through April 2026
How does Banner Hill compare to Tennessee and the U.S.?
Banner Hill homes sell for $255,250 — 38% below the Tennessee median of $413,200. Against the national median of $410,700, Banner Hill runs 38% lower. Year-over-year, Banner Hill moved -9.8% against Tennessee's +3.0% — a bigger swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Banner Hill, TN | $255,250 | -9.8% | 231 days |
| Tennessee statewide | $413,200 | +3.0% | 61 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through April 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Banner Hill
What buyers should watch
- Months of supply, currently 0.5. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The gap between 5% and 20% down here is $255 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $255,250 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Banner Hill listing goes under contract in 231 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 90.8% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Banner Hill added 1 new listings against 2 sales — more clearing than arriving, which is the better window to list.
- Comparable ZIP-level pricing inside Banner Hill varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Banner Hill
There are currently 1 homes listed for sale in Banner Hill, Tennessee. The median listing price is $260K.
Active listings
1
Homes on market
Median list price
$260K
Avg. days on market
231
Days until sale
New this week
1
Newly listed
How much do homes cost in Banner Hill by property type?
How the Banner Hill, TN market breaks down across single-family homes, condos and townhouses. Redfin, through April 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $255,250 | $198/sq ft | 2 | 231 days |
Who lives in Banner Hill?
American Community Survey estimates for Banner Hill. U.S. Census ACS, 2023
Population
1,519
Households
507
Median income
$66,270/yr
Median age
40.4 years
Owner-occupied
88.4%
Median home value
$120,700
Mean commute
23.8 min
88.4% of occupied homes in Banner Hill are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market.
Which cities are near Banner Hill, TN?
Ordered by distance from Banner Hill, not by size. Compare Banner Hill side by side with any of them.
Banner Hill housing market FAQ
Is Banner Hill a buyer's or seller's market?
Banner Hill, TN is currently a balanced market. That read comes from 0.5 months of supply, homes going under contract in about 231 days, and sellers getting 90.8% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Banner Hill?
The median sale price in the last month Redfin published was $255,250, about $198 per square foot.
Is Banner Hill cheaper than the rest of Tennessee?
Banner Hill's median sale price of $255,250 is 38% lower than the Tennessee statewide median of $413,200, and 38% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Banner Hill?
Homes in Banner Hill, TN spent a median of 231 days on market before going under contract, versus 61 days statewide. Over two months means buyers have time to inspect, compare and negotiate. (Redfin, through May 2026.)
What income do you need to buy a home in Banner Hill?
At the current 30-year fixed rate of 7.03%, 20% down on a $255,250 home is about $1,363 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $58,400 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $66,270.
Are home prices rising in Banner Hill?
Redfin's last published year-over-year change for Banner Hill, TN was -9.8%, measured through May 2026. That series is frozen; treat it as a historical reading rather than a current trend.
What are the cheapest ZIP codes in Banner Hill?
Banner Hill ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Banner Hill?
That depends on your timeline, not on a headline. What the data says today: Banner Hill, TN is a balanced market with 0.5 months of supply, the 30-year fixed rate is 7.03%. Properties Incorporated publishes the data; it does not give financial advice.
Be the brokerage on this page
1 slot per pageGet featured on Banner Hill, TN
Your logo, brokerage name, and direct link to your site — featured at the top of this page in front of every visitor researching this whole city. One brokerage, no rotation, no bidding war.
- Goes live in 24 hours
- Cancel anytime
- Do-follow backlink to your site
Keep researching Banner Hill
Nearby markets
Get the Banner Hill market brief
Get the Banner Hill, TN market brief
One email: what homes are actually clearing at around $255,250, how long they sit, which ZIPs run cheaper, and what to fix on your credit before you apply.