$5,440 Closing Credit*
$458,130
1,929 SqFt
3 Beds
•2 Full Baths
Charlotte E. Dodson, Listing Office: Southeastern Select Properties, Inc.
Is Gallatin, TN 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, Gallatin was a Seller's Market.
Key Takeaway
Gallatin is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Gallatin, TN
How much do homes in Gallatin, TN cost?
Median Sold Price
$434,981
$217/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$9,882(-2.2%)
Key Takeaway
Homes in Gallatin have sold for 2.2% less than they did a year ago.
Summary: The median home sold price in Gallatin was $434,981 in November 2024, down 2.2% from last year, and the median price per square foot was $217.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $494.9K | - | N/A |
| 2 Bedrooms | $365K | $314K | -14.0% |
| 3 Bedrooms | $394.8K | $379.9K | -3.8% |
| 4 Bedrooms | $560.1K | $555.9K | -0.8% |
| 5+ Bedrooms | $973.5K | $850K | -12.7% |
Summary: Gallatin 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 14%, 3 bedroom homes decreased by 3.8%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes decreased by 12.7%.
Median Sold Price Compared To Nearby Cities
| Hendersonville | $495.2K | $516.5K | +4.3% |
| Gallatin | $444.8K | $434.9K | -2.2% |
Housing Supply in Gallatin, TN
How many homes are available in Gallatin, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 471 | 522 | +10.8% |
Summary: The Gallatin real estate market had 522 homes for sale in November 2024, a 10.8% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 1 | +100.0% |
| 2 Bedrooms | 42 | 38 | -9.5% |
| 3 Bedrooms | 272 | 305 | +12.1% |
| 4 Bedrooms | 130 | 147 | +13.1% |
| 5+ Bedrooms | 27 | 31 | +14.8% |
Summary: The Gallatin housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes decreased by 9.5%, 3 bedroom homes increased by 12.1%, 4 bedroom homes increased by 13.1%, and 5+ bedroom homes increased by 14.8%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 101 | 85 | -15.8% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
23 Homes Were Sold
At Asking
14 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gallatin, you may be able to get a good deal. 56.5% of homes here sold below asking price last month.
Summary: A total of 85 homes were sold or pending in Gallatin in November 2024, down by 15.8% month-over-month. Of the 85 sold homes, 56% were sold under asking, 27% were sold at asking, and 16% were sold over asking.
Days on Market for Gallatin, TN
How long does it take to sell a home in Gallatin, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 25 Days | 26 Days | +6.6% |
Summary: Homes in Gallatin had an average of 26 days on market in Nov 2024, up by 6.6% compared to last year.
Breakdown of Home Sale Times
59 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
5 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Gallatin are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 85 homes were sold in Gallatin; 69% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 6% 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.