$4,559 Closing Credit*
$383,900
1,952 SqFt
3 Beds
•2 Full Baths, 1 Partial
Christen Casarahi, Listing Office: Greenbrier Realty Company
Is Gallatin, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since December 2023
Since last year, Gallatin has remained a Seller's Market.
Key Takeaway
Gallatin is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Gallatin, TN
How much do homes in Gallatin, TN cost?
Median Sold Price
$432,314
$218/sqft
Based on all homes sold in the last 12 months.
Difference Since December 2023
-$7,693(-1.7%)
Key Takeaway
Homes in Gallatin have sold for 1.7% less than they did a year ago.
Summary: The median home sold price in Gallatin was $432,314 in December 2024, down 1.7% from last year, and the median price per square foot was $218.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $494.9K | - | N/A |
| 2 Bedrooms | $369.9K | $314K | -15.1% |
| 3 Bedrooms | $390.1K | $379.9K | -2.6% |
| 4 Bedrooms | $559.3K | $562.2K | 0.5% |
| 5+ Bedrooms | $973.5K | $902.4K | -7.3% |
Summary: Gallatin housing prices by bedroom type for December 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes decreased by 15.1%, 3 bedroom homes decreased by 2.6%, 4 bedroom homes increased by 0.5%, and 5+ bedroom homes decreased by 7.3%.
Median Sold Price Compared To Nearby Cities
| Hendersonville | $495.3K | $514.6K | +3.9% |
| Gallatin | $440K | $432.3K | -1.7% |
Housing Supply in Gallatin, TN
How many homes are available in Gallatin, TN?
Number of Homes For Sale
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 463 | 487 | +5.2% |
Summary: The Gallatin real estate market had 487 homes for sale in December 2024, a 5.2% increase compared to November 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 37 | 39 | +5.4% |
| 3 Bedrooms | 283 | 288 | +1.8% |
| 4 Bedrooms | 112 | 129 | +15.2% |
| 5+ Bedrooms | 30 | 30 | 0.0% |
Summary: The Gallatin housing inventory by bedroom type for December 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 1.8%, 4 bedroom homes increased by 15.2%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Nov 2024 | Dec 2024 | CHANGE |
|---|---|---|
| 96 | 101 | +5.2% |
Asking Price vs. Sold Price
55 Homes Were Sold
Under Asking
31 Homes Were Sold
At Asking
15 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Gallatin, you may be able to get a good deal. 54.5% of homes here sold below asking price last month.
Summary: A total of 101 homes were sold or pending in Gallatin in December 2024, up by 5.2% month-over-month. Of the 101 sold homes, 54% were sold under asking, 31% were sold at asking, and 15% 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
| Dec 2023 | Dec 2024 | CHANGE |
|---|---|---|
| 23 Days | 37 Days | +57.5% |
Summary: Homes in Gallatin had an average of 37 days on market in Dec 2024, up by 57.5% compared to last year.
Breakdown of Home Sale Times
60 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
18 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 December 2024, 101 homes were sold in Gallatin; 59% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 18% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2025 of the REALTRACS MLS. All rights Reserved.