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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.”
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Banner Hill, TN Housing Market & Real Estate
Housing market overview · Updated monthly ·
$255,250median sale price
How is the Banner Hill, TN housing market right now?
The median home sale price in Banner Hill, TN is $255,250, down 9.8% year-over-year. Homes sell in an average of 231 days with 1 active listings. The market is currently a balanced market. (Source: Redfin monthly MLS data, as of April 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Is Banner Hill a buyer's or seller's market?
Banner Hill, TN is currently a balanced market, based on 0.5 months of supply and homes selling in about 231 days. How we determine this →
Homes sold
2
Last 12 weeks
Days on market
231
Average pace
Active listings
1
0.5 months supply
Sale-to-list
90.8%
Below asking
What does the Banner Hill housing market data show?
| Metric | Value |
|---|---|
| Median sale price | $255,250 |
| Median list price | $259,900 |
| Year-over-year price change | -9.8% |
| Average days on market | 231 days |
| Active inventory | 1 listings |
| Months of supply | 0.5 months |
| Sale-to-list price ratio | 90.8% |
| Median price per sq ft | $198/sq ft |
| Homes sold (latest month) | 2 |
| New listings (latest month) | 1 |
| Market condition | Balanced market |
Source: Redfin · Updated monthly
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.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $255,250 | $198/sq ft | 2 | 231 days |
Source: Redfin · Updated monthly
The Banner Hill housing market is currently classified as a balanced market with a median sale price of $255,250. Prices have fallen 9.8% compared to last year, with homes spending an average of 231 days on market, indicating 0.5 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
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
Who lives in Banner Hill?
Population
1,519
Median income
$66,270/yr
Median age
40.4 years
Owner-occupied
88.4%
College grads
12.1%
Avg commute
23.8 min
Source: U.S. Census Bureau ACS
What is it like to live in Banner Hill?
Banner Hill is a community of approximately 2K residents with a median age of 40.4 years.The median household income is $66,270, which represents a working-class community with solid middle-income opportunities. 12.1% of residents hold a bachelor's degree or higher, showing a mixed educational demographic.
Homeownership rates are at 88.4%, reflecting strong community stability and long-term resident commitment. The average commute time is 23.8 minutes, which makes this an excellent choice for those seeking short commutes to employment centers.Overall, Banner Hill offers a balanced lifestyle with accessible home values relative to local income levels.
Which cities are near Banner Hill, TN?
Want a head-to-head view? Compare Banner Hill side-by-side with any other U.S. city using our market-comparison tool.
Frequently asked questions
What is the average home price in Banner Hill?
The median home sale price in Banner Hill is $255,250, down 9.8% from last year.
How long do homes stay on market in Banner Hill?
Homes typically spend 231 days on market before going under contract.
What is the median income in Banner Hill?
The median household income is $66,270 per year.
Is Banner Hill a buyer's or seller's market?
With 0.5 months of supply, Banner Hill is currently a balanced market.
How much does a single-family home cost in Banner Hill?
The median single-family home price in Banner Hill, TN is $255,250 (about $198 per square foot).
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