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 buyer's market

Buyer's
Market

Difference Since November 2023

At the same time last year, Davidson County was a Seller's Market.

Key Takeaway

Davidson County is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.

Housing Prices in Davidson County, TN

How much do homes in Davidson County, TN cost?

Median Sold Price

$464,461

$272/sqft

Based on all homes sold in the last 12 months.

Difference Since November 2023

+$21,423(+4.8%)

Key Takeaway

Homes in Davidson County have sold for 4.8% more than they did a year ago.

Summary: The median home sold price in Davidson County was $464,461 in November 2024, up 4.8% from last year, and the median price per square foot was $272.

Median Sold Price By Bedroom Count

# BEDSNov 2023Nov 2024CHANGE
1 $324.9K$319.9K
-1.5%
2 $346K$343.9K
-0.6%
3 $420.7K$439.6K
+4.5%
4 $621.5K$654.5K
+5.3%
5+ $1.0M$1.2M
+16.0%

Summary: Davidson County housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 1.5%, 2 bedroom homes decreased by 0.6%, 3 bedroom homes increased by 4.5%, 4 bedroom homes increased by 5.3%, and 5+ bedroom homes increased by 16%.

Median Sold Price Compared To Nearby Counties

Cheatham County
+8.6%
Davidson County
+4.8%
Wilson County
+3.1%
Robertson County
+1.9%
Sumner County
+0.9%

Housing Supply in Davidson County, TN

How many homes are available in Davidson County, TN?

Number of Homes For Sale

Oct 2024Nov 2024CHANGE
4,8094,940+2.7%

Summary: The Davidson County real estate market had 4,940 homes for sale in November 2024, a 2.7% increase compared to October 2024.

Homes For Sale By Bedroom Count

# BEDSOct 2024Nov 2024CHANGE
1 284316
+11.3%
2 847836
-1.3%
3 2,0332,072
+1.9%
4 1,2211,274
+4.3%
5+ 424442
+4.2%

Summary: The Davidson County housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 11.3%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 1.9%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 4.2%.

Number of Homes Sold

Oct 2024Nov 2024CHANGE
831678-18.4%

Asking Price vs. Sold Price

398 Homes Were Sold
Under Asking

185 Homes Were Sold
At Asking

91 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. 59.1% of homes here sold below asking price last month.

Summary: A total of 678 homes were sold or pending in Davidson County in November 2024, down by 18.4% month-over-month. Of the 674 sold homes, 59% were sold under asking, 27% were sold at asking, and 14% 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

Nov 2023Nov 2024CHANGE
27 Days34 Days+23.7%

Summary: Homes in Davidson County had an average of 34 days on market in Nov 2024, up by 23.7% compared to last year.

Breakdown of Home Sale Times

421 Homes Were Sold
Under 30 Days

193 Homes Were Sold
In 30 - 90 Days

60 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 November 2024, 678 homes were sold in Davidson County; 62% of homes were sold within 30 days, 28% of homes were sold within 30 to 90 days, and 9% 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 20 Days Ago

Newest Listings in Davidson County, TN

Nearby Markets to Davidson County, TN

What housing markets are near Davidson County, TN?