Is Nashville, NC a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Nashville has remained a Seller's Market.
Key Takeaway
Nashville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nashville, NC
How much do homes in Nashville, NC cost?
Median Sold Price
$285,000
$163/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Nashville have sold for 10.5% more than they did a year ago.
Summary: The median home sold price in Nashville was $285,000 in May 2024, up 10.5% from last year, and the median price per square foot was $163.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $35K | - | N/A |
| 2 Bedrooms | $155K | $185K | +19.4% |
| 3 Bedrooms | $261K | $290K | +11.1% |
| 4 Bedrooms | $248.9K | $290K | +16.5% |
| 5+ Bedrooms | $345K | $344.2K | -0.2% |
Summary: Nashville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 19.4%, 3 bedroom homes increased by 11.1%, 4 bedroom homes increased by 16.5%, and 5+ bedroom homes decreased by 0.2%.
Median Sold Price Compared To Nearby Cities
| Nashville | $258K | $285K | +10.5% |
| Nashville Township | $259.4K | $285K | +9.9% |
| Oak Level Township | $289.2K | $272.4K | -5.8% |
Housing Supply in Nashville, NC
How many homes are available in Nashville, NC?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 68 | 61 | -10.3% |
Summary: The Nashville real estate market had 61 homes for sale in May 2024, a 10.3% decrease compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 0 | 0 | 0.0% |
| 2 Bedrooms | 3 | 3 | 0.0% |
| 3 Bedrooms | 55 | 51 | -7.3% |
| 4 Bedrooms | 9 | 6 | -33.3% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Nashville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes remained the same, 3 bedroom homes decreased by 7.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 16 | 15 | -6.3% |
Asking Price vs. Sold Price
7 Homes Were Sold
Under Asking
6 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nashville, you may be able to get a good deal. 46.7% of homes here sold below asking price last month.
Summary: A total of 15 homes were sold or pending in Nashville in May 2024, down by 6.3% month-over-month. Of the 15 sold homes, 47% were sold under asking, 40% were sold at asking, and 13% were sold over asking.
Days on Market for Nashville, NC
How long does it take to sell a home in Nashville, NC?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 41 Days | 20 Days | -50.6% |
Summary: Homes in Nashville had an average of 20 days on market in May 2024, down by 50.6% compared to last year.
Breakdown of Home Sale Times
12 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 Nashville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 15 homes were sold in Nashville; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
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