Is Ashland City, TN 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, Ashland City was a Seller's Market.
Key Takeaway
Ashland City is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in Ashland City, TN
How much do homes in Ashland City, TN cost?
Median Sold Price
$345,000
$221/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Ashland City have sold for 7.8% more than they did a year ago.
Summary: The median home sold price in Ashland City was $345,000 in May 2024, up 7.8% from last year, and the median price per square foot was $221.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $132.4K | $221K | +66.9% |
| 2 Bedrooms | $319.9K | $280K | -12.5% |
| 3 Bedrooms | $315K | $343.7K | +9.1% |
| 4 Bedrooms | $425K | $475K | +11.8% |
| 5+ Bedrooms | $459.9K | $315K | -31.5% |
Summary: Ashland City housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 66.9%, 2 bedroom homes decreased by 12.5%, 3 bedroom homes increased by 9.1%, 4 bedroom homes increased by 11.8%, and 5+ bedroom homes decreased by 31.5%.
Median Sold Price Compared To Nearby Cities
| Ashland City | $320K | $345K | +7.8% |
| Nashville | $513.9K | $531.4K | +3.4% |
Housing Supply in Ashland City, TN
How many homes are available in Ashland City, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 80 | 87 | +8.8% |
Summary: The Ashland City real estate market had 87 homes for sale in May 2024, a 8.8% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 1 | 0.0% |
| 2 Bedrooms | 14 | 12 | -14.3% |
| 3 Bedrooms | 55 | 64 | +16.4% |
| 4 Bedrooms | 9 | 10 | +11.1% |
| 5+ Bedrooms | 1 | 0 | -100.0% |
Summary: The Ashland City 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 decreased by 14.3%, 3 bedroom homes increased by 16.4%, 4 bedroom homes increased by 11.1%, and 5+ bedroom homes decreased by 100%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 21 | 13 | -38.1% |
Asking Price vs. Sold Price
5 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 Ashland City, expect to pay close to the asking price. 46.2% of homes here sold near the asking price last month.
Summary: A total of 13 homes were sold or pending in Ashland City in May 2024, down by 38.1% month-over-month. Of the 13 sold homes, 38% were sold under asking, 46% were sold at asking, and 15% were sold over asking.
Days on Market for Ashland City, TN
How long does it take to sell a home in Ashland City, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 39 Days | 38 Days | -3.3% |
Summary: Homes in Ashland City had an average of 38 days on market in May 2024, down by 3.3% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
2 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Ashland City are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 13 homes were sold in Ashland City; 77% of homes were sold within 30 days, 8% of homes were sold within 30 to 90 days, and 15% 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.