$10,000 Closing Credit*
$1,749,000
4,081 SqFt
5 Beds
•4 Full Baths, 1 Partial
Mara Thompson, Listing Office: Fridrich & Clark Realty
Is Sylvan Heights, 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, Sylvan Heights was a Seller's Market.
Key Takeaway
Sylvan Heights is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in Sylvan Heights, TN
How much do homes in Sylvan Heights, TN cost?
Median Sold Price
$584,250
$403/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$4,250(+0.7%)
Key Takeaway
Homes in Sylvan Heights have sold for 0.7% more than they did a year ago.
Summary: The median home sold price in Sylvan Heights was $584,250 in November 2024, up 0.7% from last year, and the median price per square foot was $403.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $338.5K | $407.5K | +20.4% |
| 2 Bedrooms | $525K | $515K | -1.9% |
| 3 Bedrooms | $532K | $596.5K | +12.1% |
| 4 Bedrooms | $1.3M | $1.1M | -11.7% |
| 5+ Bedrooms | $1.5M | $925K | -39.3% |
Summary: Sylvan Heights housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 20.4%, 2 bedroom homes decreased by 1.9%, 3 bedroom homes increased by 12.1%, 4 bedroom homes decreased by 11.7%, and 5+ bedroom homes decreased by 39.3%.
Median Sold Price Compared To Nearby Neighborhoods
| Sylvan Park | $915K | $950K | +3.8% |
| Sylvan Heights | $580K | $584.2K | +0.7% |
| North Nashville | $572.5K | $566.8K | -1.0% |
| West Nashville | $700K | $687.4K | -1.8% |
Housing Supply in Sylvan Heights, TN
How many homes are available in Sylvan Heights, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 25 | 27 | +8.0% |
Summary: The Sylvan Heights real estate market had 27 homes for sale in November 2024, a 8.0% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 2 | 2 | 0.0% |
| 2 Bedrooms | 2 | 3 | +50.0% |
| 3 Bedrooms | 4 | 5 | +25.0% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 8 | 7 | -12.5% |
Summary: The Sylvan Heights 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 increased by 50%, 3 bedroom homes increased by 25%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 12.5%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Sylvan Heights, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Sylvan Heights in November 2024, the same as the previous month. Of the 3 sold homes, 67% were sold under asking, 33% were sold at asking, and 0% were sold over asking.
Days on Market for Sylvan Heights, TN
How long does it take to sell a home in Sylvan Heights, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 60 Days | 18 Days | -70.0% |
Summary: Homes in Sylvan Heights had an average of 18 days on market in Nov 2024, down by 70% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Sylvan Heights are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 3 homes were sold in Sylvan Heights; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% 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.