$10,000 Closing Credit*
$849,900
2,098 SqFt
4 Beds
•3 Full Baths
Kassandra Jackson, Listing Office: Bradford Real Estate
Is South Nashville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, South Nashville was a Seller's Market.
Key Takeaway
South Nashville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in South Nashville, TN
How much do homes in South Nashville, TN cost?
Median Sold Price
$439,900
$318/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
+$18,900(+4.5%)
Key Takeaway
Homes in South Nashville have sold for 4.5% more than they did a year ago.
Summary: The median home sold price in South Nashville was $439,900 in September 2024, up 4.5% from last year, and the median price per square foot was $318.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $242.9K | $269.9K | +11.1% |
| 2 Bedrooms | $375K | $346K | -7.7% |
| 3 Bedrooms | $492.8K | $480K | -2.6% |
| 4 Bedrooms | $649.9K | $625K | -3.8% |
| 5+ Bedrooms | $645K | $610K | -5.4% |
Summary: South Nashville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 11.1%, 2 bedroom homes decreased by 7.7%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes decreased by 3.8%, and 5+ bedroom homes decreased by 5.4%.
Median Sold Price Compared To Nearby Neighborhoods
| South Nashville | $421K | $439.9K | +4.5% |
| Woodbine | $410K | $420K | +2.4% |
Housing Supply in South Nashville, TN
How many homes are available in South Nashville, TN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 214 | 228 | +6.5% |
Summary: The South Nashville real estate market had 228 homes for sale in September 2024, a 6.5% increase compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 32 | +6.7% |
| 2 Bedrooms | 49 | 49 | 0.0% |
| 3 Bedrooms | 96 | 105 | +9.4% |
| 4 Bedrooms | 36 | 40 | +11.1% |
| 5+ Bedrooms | 3 | 2 | -33.3% |
Summary: The South Nashville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.7%, 2 bedroom homes remained the same, 3 bedroom homes increased by 9.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 33.3%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 39 | 27 | -30.8% |
Asking Price vs. Sold Price
17 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in South Nashville, you may be able to get a good deal. 65.4% of homes here sold below asking price last month.
Summary: A total of 27 homes were sold or pending in South Nashville in September 2024, down by 30.8% month-over-month. Of the 26 sold homes, 65% were sold under asking, 15% were sold at asking, and 19% were sold over asking.
Days on Market for South Nashville, TN
How long does it take to sell a home in South Nashville, TN?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 29 Days | 24 Days | -17.0% |
Summary: Homes in South Nashville had an average of 24 days on market in Sep 2024, down by 17% compared to last year.
Breakdown of Home Sale Times
18 Homes Were Sold
Under 30 Days
7 Homes Were Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in South Nashville are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 27 homes were sold in South Nashville; 67% of homes were sold within 30 days, 26% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved.