$5,641 Closing Credit*
$475,000
1,172 SqFt
2 Beds
•2 Full Baths, 1 Partial
Tony Carletello, Listing Office: Compass RE
Is West 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, West Nashville was a Seller's Market.
Key Takeaway
West Nashville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Nashville, TN
How much do homes in West Nashville, TN cost?
Median Sold Price
$687,416
$342/sqft
Based on all homes sold in the last 12 months.
Difference Since November 2023
-$12,583(-1.8%)
Key Takeaway
Homes in West Nashville have sold for 1.8% less than they did a year ago.
Summary: The median home sold price in West Nashville was $687,416 in November 2024, down 1.8% from last year, and the median price per square foot was $342.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $321.9K | $338K | +5.0% |
| 2 Bedrooms | $449.4K | $437.4K | -2.7% |
| 3 Bedrooms | $669.9K | $628.3K | -6.2% |
| 4 Bedrooms | $875K | $840.9K | -3.9% |
| 5+ Bedrooms | $2.2M | $2.4M | +10.2% |
Summary: West Nashville housing prices by bedroom type for November 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5%, 2 bedroom homes decreased by 2.7%, 3 bedroom homes decreased by 6.2%, 4 bedroom homes decreased by 3.9%, and 5+ bedroom homes increased by 10.2%.
Median Sold Price Compared To Nearby Neighborhoods
| Hillwood | $865K | $1.0M | +21.4% |
| West Nashville | $700K | $687.4K | -1.8% |
Housing Supply in West Nashville, TN
How many homes are available in West Nashville, TN?
Number of Homes For Sale
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 419 | 426 | +1.7% |
Summary: The West Nashville real estate market had 426 homes for sale in November 2024, a 1.7% increase compared to October 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 22 | 21 | -4.5% |
| 2 Bedrooms | 48 | 45 | -6.3% |
| 3 Bedrooms | 142 | 141 | -0.7% |
| 4 Bedrooms | 141 | 147 | +4.3% |
| 5+ Bedrooms | 66 | 72 | +9.1% |
Summary: The West Nashville housing inventory by bedroom type for November 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 4.5%, 2 bedroom homes decreased by 6.3%, 3 bedroom homes decreased by 0.7%, 4 bedroom homes increased by 4.3%, and 5+ bedroom homes increased by 9.1%.
Number of Homes Sold
| Oct 2024 | Nov 2024 | CHANGE |
|---|---|---|
| 70 | 49 | -30.0% |
Asking Price vs. Sold Price
34 Homes Were Sold
Under Asking
10 Homes Were Sold
At Asking
5 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Nashville, you may be able to get a good deal. 69.4% of homes here sold below asking price last month.
Summary: A total of 49 homes were sold or pending in West Nashville in November 2024, down by 30.0% month-over-month. Of the 49 sold homes, 69% were sold under asking, 20% were sold at asking, and 10% were sold over asking.
Days on Market for West Nashville, TN
How long does it take to sell a home in West Nashville, TN?
Average Sale Time
| Nov 2023 | Nov 2024 | CHANGE |
|---|---|---|
| 37 Days | 28 Days | -25.5% |
Summary: Homes in West Nashville had an average of 28 days on market in Nov 2024, down by 25.5% compared to last year.
Breakdown of Home Sale Times
28 Homes Were Sold
Under 30 Days
20 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Key Takeaway
Many homes in West Nashville are selling fast, if you're buying plan to act quickly.
Summary: During November 2024, 49 homes were sold in West Nashville; 57% of homes were sold within 30 days, 41% of homes were sold within 30 to 90 days, and 2% 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.