$7,541 Closing Credit*
$635,000
1,108 SqFt
2 Beds
•2 Full Baths
Gary Ashton, Listing Office: The Ashton Real Estate Group of RE/MAX Advantage
Is The Gulch, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since October 2023
At the same time last year, The Gulch was a Seller'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 October 2023
+$102,500(+15.0%)
Key Takeaway
Homes in The Gulch have sold for 15% more than they did a year ago.
Summary: The median home sold price in The Gulch was $785,000 in October 2024, up 15% from last year, and the median price per square foot was $716.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $580K | $549.9K | -5.2% |
| 2 Bedrooms | $885K | $918.9K | +3.8% |
| 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 October 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.2%, 2 bedroom homes increased by 3.8%, 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 | $682.5K | $785K | +15.0% |
| Downtown | $673.3K | $773K | +14.8% |
| South Nashville | $425K | $432.5K | +1.8% |
Housing Supply in The Gulch, TN
How many homes are available in The Gulch, TN?
Number of Homes For Sale
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 44 | 68 | +54.5% |
Summary: The The Gulch real estate market had 68 homes for sale in October 2024, a 54.5% increase compared to September 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 29 | +81.3% |
| 2 Bedrooms | 26 | 35 | +34.6% |
| 3 Bedrooms | 2 | 4 | +100.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Gulch housing inventory by bedroom type for October 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 81.3%, 2 bedroom homes increased by 34.6%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Sep 2024 | Oct 2024 | CHANGE |
|---|---|---|
| 4 | 5 | +25.0% |
Asking Price vs. Sold Price
4 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 The Gulch, you may be able to get a good deal. 80% of homes here sold below asking price last month.
Summary: A total of 5 homes were sold or pending in The Gulch in October 2024, up by 25.0% month-over-month. Of the 5 sold homes, 80% were sold under asking, 20% 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
| Oct 2023 | Oct 2024 | CHANGE |
|---|---|---|
| 65 Days | 44 Days | -32.1% |
Summary: Homes in The Gulch had an average of 44 days on market in Oct 2024, down by 32.1% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in The Gulch are selling fast, if you're buying plan to act quickly.
Summary: During October 2024, 5 homes were sold in The Gulch; 40% of homes were sold within 30 days, 40% of homes were sold within 30 to 90 days, and 20% 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.