Is Davidson County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Davidson County has remained a Seller's Market.
Housing Prices in Davidson County, TN
How much do homes in Davidson County, TN cost?
Median Sold Price
$461,557
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Summary: The median home sold price in Davidson County was $461,557 in May 2024, up 2.6% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $339.7K | $324.9K | -4.4% |
2 Bedrooms | $339.9K | $349.9K | +2.9% |
3 Bedrooms | $429.1K | $438.1K | +2.1% |
4 Bedrooms | $632.6K | $648.4K | +2.5% |
5+ Bedrooms | $1.0M | $1.1M | +16.2% |
Summary: Davidson County housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes increased by 2.9%, 3 bedroom homes increased by 2.1%, 4 bedroom homes increased by 2.5%, and 5+ bedroom homes increased by 16.2%.
Median Sold Price Compared To Nearby Counties
Wilson County | $448.5K | $478.2K | +6.6% |
Sumner County | $426.2K | $440.1K | +3.3% |
Robertson County | $379.4K | $389.9K | +2.8% |
Davidson County | $449.6K | $461.5K | +2.6% |
Cheatham County | $375K | $384.8K | +2.6% |
Housing Supply in Davidson County, TN
How many homes are available in Davidson County, TN?
Number of Homes For Sale
Apr 2024 | May 2024 | CHANGE |
---|---|---|
4,686 | 5,039 | +7.5% |
Summary: The Davidson County real estate market had 5,039 homes for sale in May 2024, a 7.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 283 | 326 | +15.2% |
2 Bedrooms | 822 | 905 | +10.1% |
3 Bedrooms | 2,013 | 2,123 | +5.5% |
4 Bedrooms | 1,148 | 1,228 | +7.0% |
5+ Bedrooms | 420 | 457 | +8.8% |
Summary: The Davidson County housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 15.2%, 2 bedroom homes increased by 10.1%, 3 bedroom homes increased by 5.5%, 4 bedroom homes increased by 7%, and 5+ bedroom homes increased by 8.8%.
Number of Homes Sold
Apr 2024 | May 2024 | CHANGE |
---|---|---|
956 | 1,022 | +6.9% |
Asking Price vs. Sold Price
544 Homes Were Sold
Under Asking
304 Homes Were Sold
At Asking
168 Homes Were Sold
Over Asking
Summary: A total of 1,022 homes were sold or pending in Davidson County in May 2024, up by 6.9% month-over-month. Of the 1,016 sold homes, 54% were sold under asking, 30% were sold at asking, and 17% were sold over asking.
Days on Market for Davidson County, TN
How long does it take to sell a home in Davidson County, TN?
Average Sale Time
May 2023 | May 2024 | CHANGE |
---|---|---|
26 Days | 26 Days | +0.8% |
Summary: Homes in Davidson County had an average of 26 days on market in May 2024, up by 0.8% compared to last year.
Breakdown of Home Sale Times
752 Homes Were Sold
Under 30 Days
184 Homes Were Sold
In 30 - 90 Days
75 Homes Were Sold
Over 90 Days
Summary: During May 2024, 1022 homes were sold in Davidson County; 74% of homes were sold within 30 days, 18% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.