Is South Nashville, TN 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, South Nashville has remained a Seller's Market.
Housing Prices in South Nashville, TN
How much do homes in South Nashville, TN cost?
Median Sold Price
$450,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in South Nashville was $450,000 in April 2024, up 5.1% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.9K | $279.9K | +21.7% |
2 Bedrooms | $371.4K | $357.4K | -3.8% |
3 Bedrooms | $492.8K | $490K | -0.6% |
4 Bedrooms | $683K | $649.9K | -4.8% |
5+ Bedrooms | $690.1K | $550K | -20.3% |
Summary: South Nashville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 21.7%, 2 bedroom homes decreased by 3.8%, 3 bedroom homes decreased by 0.6%, 4 bedroom homes decreased by 4.8%, and 5+ bedroom homes decreased by 20.3%.
Median Sold Price Compared To Nearby Neighborhoods
Woodbine | $410K | $433K | +5.6% |
South Nashville | $428K | $450K | +5.1% |
Housing Supply in South Nashville, TN
How many homes are available in South Nashville, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
212 | 222 | +4.7% |
Summary: The South Nashville real estate market had 222 homes for sale in April 2024, a 4.7% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 40 | 40 | 0.0% |
2 Bedrooms | 37 | 39 | +5.4% |
3 Bedrooms | 83 | 91 | +9.6% |
4 Bedrooms | 50 | 49 | -2.0% |
5+ Bedrooms | 2 | 3 | +50.0% |
Summary: The South Nashville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 5.4%, 3 bedroom homes increased by 9.6%, 4 bedroom homes decreased by 2%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
29 | 48 | +65.5% |
Asking Price vs. Sold Price
15 Homes Were Sold
Under Asking
21 Homes Were Sold
At Asking
12 Homes Were Sold
Over Asking
Summary: A total of 48 homes were sold or pending in South Nashville in April 2024, up by 65.5% month-over-month. Of the 48 sold homes, 31% were sold under asking, 44% were sold at asking, and 25% were sold over asking.
Days on Market for South Nashville, TN
How long does it take to sell a home in South Nashville, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
38 Days | 19 Days | -49.1% |
Summary: Homes in South Nashville had an average of 19 days on market in Apr 2024, down by 49.1% compared to last year.
Breakdown of Home Sale Times
35 Homes Were Sold
Under 30 Days
11 Homes Were Sold
In 30 - 90 Days
1 Home Was Sold
Over 90 Days
Summary: During April 2024, 48 homes were sold in South Nashville; 73% of homes were sold within 30 days, 23% of homes were sold within 30 to 90 days, and 2% of homes were sold over 90 days.