Is Nashville, IL a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
At the same time last year, Nashville was a Neutral Market.
Key Takeaway
Nashville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nashville, IL
How much do homes in Nashville, IL cost?
Median Sold Price
$147,000
$112/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Nashville have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Nashville was $147,000 in May 2024, up 1.4% from last year, and the median price per square foot was $112.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | - | $107K | N/A |
| 2 Bedrooms | $128K | $125K | -2.3% |
| 3 Bedrooms | $149.5K | $147K | -1.7% |
| 4 Bedrooms | $250K | $240K | -4.0% |
| 5+ Bedrooms | $90K | $283.5K | +215.0% |
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 decreased by 2.3%, 3 bedroom homes decreased by 1.7%, 4 bedroom homes decreased by 4%, and 5+ bedroom homes increased by 215%.
Median Sold Price Compared To Nearby Cities
| Nashville | $145K | $147K | +1.4% |
| Nashville Township | $145K | $147K | +1.4% |
Housing Supply in Nashville, IL
How many homes are available in Nashville, IL?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 12 | 9 | -25.0% |
Summary: The Nashville real estate market had 9 homes for sale in May 2024, a 25.0% 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 | 2 | 2 | 0.0% |
| 3 Bedrooms | 6 | 4 | -33.3% |
| 4 Bedrooms | 3 | 2 | -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 33.3%, 4 bedroom homes decreased by 33.3%, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 7 | 4 | -42.9% |
Asking Price vs. Sold Price
2 Homes Were Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Nashville, you may be able to get a good deal. 50% of homes here sold below asking price last month.
Summary: A total of 4 homes were sold or pending in Nashville in May 2024, down by 42.9% month-over-month. Of the 4 sold homes, 50% were sold under asking, 25% were sold at asking, and 25% were sold over asking.
Days on Market for Nashville, IL
How long does it take to sell a home in Nashville, IL?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 115 Days | 44 Days | -61.8% |
Summary: Homes in Nashville had an average of 44 days on market in May 2024, down by 61.8% compared to last year.
Breakdown of Home Sale Times
1 Home Was Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Avg time on Rocket Homes in Nashville has remained consistent over time.
Summary: During May 2024, 4 homes were sold in Nashville; 25% of homes were sold within 30 days, 75% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listings courtesy of Mid America Regional Information System as distributed by MLS GRID.