$5,469 Closing Credit*
$460,560
562 SqFt
1 Bed
•1 Full Bath
Sydney McCann, Listing Office: Compass
Is The Gulch, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since November 2023
Since last year, The Gulch has remained a Buyer's Market.
Key Takeaway
The Gulch is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Gulch, TN
How much do homes in The Gulch, TN cost?
Median Sold Price
$785,000
$716/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
+$100,000(+14.6%)
Key Takeaway
Homes in The Gulch have sold for 14.6% more than they did a year ago.
Summary: The median home sold price in The Gulch was $785,000 in November 2024, up 14.6% from last year, and the median price per square foot was $716.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $589K | $544.9K | -7.5% |
| 2 Bedrooms | $885K | $920K | +4.0% |
| 3 Bedrooms | $1.1M | $1.2M | +9.9% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: The Gulch housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 7.5%, 2 bedroom homes increased by 4%, 3 bedroom homes increased by 9.9%, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| The Gulch | $685K | $785K | +14.6% |
| Downtown | $679.9K | $765K | +12.5% |
| South Nashville | $439.9K | $425.6K | -3.2% |
Housing Supply in The Gulch, TN
How many homes are available in The Gulch, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 47 | 73 | +55.3% |
Summary: The The Gulch real estate market had 73 homes for sale in November 2024, a 55.3% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 14 | 31 | +121.4% |
| 2 Bedrooms | 30 | 34 | +13.3% |
| 3 Bedrooms | 3 | 8 | +166.7% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Gulch housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 121.4%, 2 bedroom homes increased by 13.3%, 3 bedroom homes increased by 166.7%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 5 | 2 | -60.0% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Gulch, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 2 homes were sold or pending in The Gulch in November 2024, down by 60.0% month-over-month. Of the 2 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for The Gulch, TN
How long does it take to sell a home in The Gulch, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 22 Days | 26 Days | +18.2% |
Summary: Homes in The Gulch had an average of 26 days on market in Nov 2024, up by 18.2% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Gulch are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 2 homes were sold in The Gulch; 100% of homes were sold within 30 days, 0% 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.