Is Nashville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Nashville has remained a Seller's Market.
Housing Prices in Nashville, MI
How much do homes in Nashville, MI cost?
Median Sold Price
$195,500
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Nashville was $195,500 in April 2024, up 10.8% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $75K | $300K | +300.0% |
2 Bedrooms | $155K | $128K | -17.4% |
3 Bedrooms | $168.2K | $195.5K | +16.2% |
4 Bedrooms | $180K | $296K | +64.4% |
5+ Bedrooms | $235K | $165K | -29.8% |
Summary: Nashville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 300%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes increased by 16.2%, 4 bedroom homes increased by 64.4%, and 5+ bedroom homes decreased by 29.8%.
Median Sold Price Compared To Nearby Cities
Vermontville Township | $145.5K | $200.9K | +38.1% |
Castleton Township | $160K | $190K | +18.8% |
Nashville | $176.5K | $195.5K | +10.8% |
Housing Supply in Nashville, MI
How many homes are available in Nashville, MI?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
7 | 7 | 0.0% |
Summary: The Nashville real estate market had 7 homes for sale in April 2024, the same as March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 2 | 1 | -50.0% |
2 Bedrooms | 1 | 0 | -100.0% |
3 Bedrooms | 2 | 4 | +100.0% |
4 Bedrooms | 1 | 1 | 0.0% |
5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Nashville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 50%, 2 bedroom homes decreased by 100%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
0 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Summary: A total of 3 homes were sold or pending in Nashville in April 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 0% were sold at asking, and 67% were sold over asking.
Days on Market for Nashville, MI
How long does it take to sell a home in Nashville, MI?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
210 Days | 12 Days | -94.0% |
Summary: Homes in Nashville had an average of 12 days on market in Apr 2024, down by 94% compared to last year.
Breakdown of Home Sale Times
2 Homes Were Sold
Under 30 Days
1 Home Was Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Summary: During April 2024, 3 homes were sold in Nashville; 67% of homes were sold within 30 days, 33% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.