$7,064 Closing Credit*
$594,900
2,030 SqFt
4 Beds
•2 Full Baths, 1 Partial
Zindan Berwary, Listing Office: Tyler York Real Estate Brokers, LLC
Is Nashville, 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, 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, TN
How much do homes in Nashville, TN cost?
Median Sold Price
$531,293
$307/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$19,328(+3.8%)
Key Takeaway
Homes in Nashville have sold for 3.8% more than they did a year ago.
Summary: The median home sold price in Nashville was $531,293 in November 2024, up 3.8% from last year, and the median price per square foot was $307.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $325K | $324.9K | 0% |
| 2 Bedrooms | $398.1K | $394.9K | -0.8% |
| 3 Bedrooms | $495K | $499.8K | +1.0% |
| 4 Bedrooms | $753.7K | $754.3K | 0.1% |
| 5+ Bedrooms | $1.6M | $1.7M | +5.6% |
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 0.8%, 3 bedroom homes increased by 1%, 4 bedroom homes increased by 0.1%, and 5+ bedroom homes increased by 5.6%.
Median Sold Price Compared To Nearby Cities
| Belle Meade | $2.8M | $3.0M | +9.1% |
| Forest Hills | $1.9M | $2.1M | +6.3% |
| Nashville | $511.9K | $531.2K | +3.8% |
| Oak Hill | $1.9M | $1.9M | +2.2% |
Housing Supply in Nashville, TN
How many homes are available in Nashville, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3,574 | 3,657 | +2.3% |
Summary: The Nashville real estate market had 3,657 homes for sale in November 2024, a 2.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 275 | 305 | +10.9% |
| 2 Bedrooms | 621 | 613 | -1.3% |
| 3 Bedrooms | 1,394 | 1,401 | 0.5% |
| 4 Bedrooms | 928 | 971 | +4.6% |
| 5+ Bedrooms | 356 | 367 | +3.1% |
Summary: The Nashville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.9%, 2 bedroom homes decreased by 1.3%, 3 bedroom homes increased by 0.5%, 4 bedroom homes increased by 4.6%, and 5+ bedroom homes increased by 3.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 576 | 461 | -20.0% |
Asking Price vs. Sold Price
276 Homes Were Sold
Under Asking
119 Homes Were Sold
At Asking
62 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nashville, you may be able to get a good deal. 60.4% of homes here sold below asking price last month.
Summary: A total of 461 homes were sold or pending in Nashville in November 2024, down by 20.0% month-over-month. Of the 457 sold homes, 60% were sold under asking, 26% were sold at asking, and 14% were sold over asking.
Days on Market for Nashville, TN
How long does it take to sell a home in Nashville, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 28 Days | 34 Days | +21.5% |
Summary: Homes in Nashville had an average of 34 days on market in Nov 2024, up by 21.5% compared to last year.
Breakdown of Home Sale Times
279 Homes Were Sold
Under 30 Days
137 Homes Were Sold
In 30 - 90 Days
42 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, 461 homes were sold in Nashville; 61% of homes were sold within 30 days, 30% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
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Copyright 2024 My Florida Regional Multiple Listing Service DBA Stellar MLS. The real estate listing data marked with this icon comes from the IDX program of the Stellar MLS system. All information provided is deemed reliable but is not guaranteed and should be independently verified. Listings displayed on this website may be subject to prior sale or removal from sale; availability of any listing should always be independently verified. Listing information is provided exclusively for consumers’ personal, non-commercial use, solely to identify potential properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Properties displayed may be listed or sold by various participants in the MLS.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Greater Chattanooga Association of Realtors®. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Copyright© 2024 Greater Chattanooga Association of REALTORS®.
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.