Is Davidson County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Davidson County is a seller's market

Buyer's
Market

Difference Since May 2023

Since last year, Davidson County has remained a Seller's Market.

Key Takeaway

Davidson County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

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

+$11,865(+2.6%)

Key Takeaway

Homes in Davidson County have sold for 2.6% more than they did a year ago.

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

# BEDSMay 2023May 2024CHANGE
1 $339.7K$324.9K
-4.4%
2 $339.9K$349.9K
+2.9%
3 $429.1K$438.1K
+2.1%
4 $632.6K$648.4K
+2.5%
5+ $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
+6.6%
Sumner County
+3.3%
Robertson County
+2.8%
Davidson County
+2.6%
Cheatham County
+2.6%

Housing Supply in Davidson County, TN

How many homes are available in Davidson County, TN?

Number of Homes For Sale

Apr 2024May 2024CHANGE
4,6865,039+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

# BEDSApr 2024May 2024CHANGE
1 283326
+15.2%
2 822905
+10.1%
3 2,0132,123
+5.5%
4 1,1481,228
+7.0%
5+ 420457
+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 2024May 2024CHANGE
9561,022+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

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Davidson County, you may be able to get a good deal. 53.5% of homes here sold below asking price last month.

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 2023May 2024CHANGE
26 Days26 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

Breakdown of Home Sale Times

Key Takeaway

Many homes in Davidson County are selling fast, if you're buying plan to act quickly.

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 1 Day Ago

Newest Listings in Davidson County, TN

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