Is Davidson County, TN a buyer’s or seller’s market?

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Davidson County is a seller's market

Buyer's
Market

Difference Since October 2021

Since last year, Davidson County has remained a Seller's Market.

Key Takeaway

Davidson County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.

How much do homes in Davidson County, TN cost?

Median Sold Price

$444,740

$269/sqft

Based on all homes sold in the last 12 months.

Difference Since October 2021

+$74,444(+20.1%)

Key Takeaway

Homes in Davidson County have sold for 20.1% more than they did a year ago.

Median Sold Price By Bedroom Count

# BEDSOct 2021Oct 2022%
1 $298.6K$355.2K
+19.0%
2 $273.4K$324.6K
+18.7%
3 $360K$429.7K
+19.4%
4 $530.3K$625.6K
+18.0%
5+ $875K$1.0M
+19.7%

Median Sold Price Compared To Nearby Counties

Cheatham County
+24.4%
Sumner County
+23.2%
Robertson County
+20.3%
Davidson County
+20.1%
Wilson County
+10.7%

How many homes are available in Davidson County, TN?

Number of Homes For Sale

Sep 2022Oct 2022%
3,9563,831-3.2%

Homes For Sale By Bedroom Count

# BEDSSep 2022Oct 2022%
1 248245
-1.2%
2 692617
-10.8%
3 1,7731,722
-2.9%
4 973970
-0.3%
5+ 270277
+2.6%

Number of Homes Sold

Sep 2022Oct 2022%
990757-23.5%

Asking Price vs. Sold Price

383 Homes Were Sold
Under Asking

222 Homes Were Sold
At Asking

147 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Davidson County, you may be able to get a good deal. 50.9% of homes here sold below asking price last month.

Average Sale Time

Oct 2021Oct 2022%
12 Days20 Days+58.2%

Breakdown of Home Sale Times

567 Homes Were Sold
Under 30 Days

171 Homes Were Sold
In 30 - 90 Days

19 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

Many homes in Davidson County are selling fast, if you're buying plan to act quickly.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

About Davidson County, TN

Number of homes for sale in Davidson County, TN real estate market have reached 3,831. The number of listings in Davidson County, TN decreased by 3.2% between September 2022 and October 2022. In October 2022, listings were on the market for 20 days. During the same period, the median list price in this real estate market was $444,740. From September 2022 through October 2022, the following changes in listing prices were observed in this housing market: the cost of 1 bedroom properties went up by 19%, the cost of 2 bedrooms properties went up by 18.7%, prices of 3 bedrooms properties increased by 19.4%, the cost of 4 bedrooms properties went up by 18%, the cost of 5 bedrooms properties went up by 19.7%. Volume of homes for sale changed: volume of 1 bedroom homes went down by 1.2%, the quantity of 2 bedrooms homes went down by 10.8%, 3 bedrooms homes became 2.9% less available, 4 bedrooms homes became 0.3% less available, 5 bedrooms homes became 2.6% more available. In October 2022, from all listings sold in Davidson County, TN there were more than 147 sold above asking price, over 383 sold below and more than 222 were sold right at the asked price.

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