$730,000
111.20 Acres
Land
#100480379, Listing Office: United Country Respess Real Estate
Is Nashville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
At the same time last year, Nashville was a Seller's Market.
Key Takeaway
Nashville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Nashville, NC
How much do homes in Nashville, NC cost?
Median Sold Price
$305,000
$169/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$35,000(+13.0%)
Key Takeaway
Homes in Nashville have sold for 13% more than they did a year ago.
Summary: The median home sold price in Nashville was $305,000 in November 2024, up 13% from last year, and the median price per square foot was $169.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | - | N/A |
| 2 Bedrooms | $239.5K | $165K | -31.1% |
| 3 Bedrooms | $267.4K | $306K | +14.4% |
| 4 Bedrooms | $269.9K | $370K | +37.0% |
| 5+ Bedrooms | $320K | $290K | -9.4% |
Summary: Nashville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 31.1%, 3 bedroom homes increased by 14.4%, 4 bedroom homes increased by 37%, and 5+ bedroom homes decreased by 9.4%.
Median Sold Price Compared To Nearby Cities
| Nashville | $270K | $305K | +13.0% |
| Nashville Township | $270K | $305K | +13.0% |
| Oak Level Township | $290K | $277.5K | -4.3% |
Housing Supply in Nashville, NC
How many homes are available in Nashville, NC?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 82 | 66 | -19.5% |
Summary: The Nashville real estate market had 66 homes for sale in November 2024, a 19.5% decrease compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 5 | 3 | -40.0% |
| 3 Bedrooms | 58 | 45 | -22.4% |
| 4 Bedrooms | 18 | 15 | -16.7% |
| 5+ Bedrooms | 1 | 3 | +200.0% |
Summary: The Nashville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes decreased by 40%, 3 bedroom homes decreased by 22.4%, 4 bedroom homes decreased by 16.7%, and 5+ bedroom homes increased by 200%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 24 | 9 | -62.5% |
Asking Price vs. Sold Price
3 Homes Were Sold
Under Asking
4 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nashville, expect to pay close to the asking price. 44.4% of homes here sold near the asking price last month.
Summary: A total of 9 homes were sold or pending in Nashville in November 2024, down by 62.5% month-over-month. Of the 9 sold homes, 33% were sold under asking, 44% were sold at asking, and 22% were sold over asking.
Days on Market for Nashville, NC
How long does it take to sell a home in Nashville, NC?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 101 Days | 52 Days | -48.3% |
Summary: Homes in Nashville had an average of 52 days on market in Nov 2024, down by 48.3% compared to last year.
Breakdown of Home Sale Times
6 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nashville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 9 homes were sold in Nashville; 67% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 22% of homes were sold over 90 days.
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