Is Davidson County, 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, Davidson County has remained a Seller's Market.
Housing Prices in Davidson County, TN
How much do homes in Davidson County, TN cost?
Median Sold Price
$456,417
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in Davidson County was $456,417 in April 2024, up 1.4% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $344.9K | $325.2K | -5.7% |
2 Bedrooms | $338.9K | $348.9K | +3.0% |
3 Bedrooms | $432.9K | $434.4K | 0.3% |
4 Bedrooms | $626.6K | $650K | +3.7% |
5+ Bedrooms | $1.0M | $1.2M | +15.7% |
Summary: Davidson County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Counties
Wilson County | $450.3K | $472.7K | +5.0% |
Sumner County | $426.5K | $438.4K | +2.8% |
Robertson County | $380.2K | $389.8K | +2.5% |
Davidson County | $450K | $456.4K | +1.4% |
Cheatham County | $379.9K | $383.8K | +1.0% |
Housing Supply in Davidson County, TN
How many homes are available in Davidson County, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
4,402 | 4,803 | +9.1% |
Summary: The Davidson County real estate market had 4,803 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 255 | 306 | +20.0% |
2 Bedrooms | 806 | 848 | +5.2% |
3 Bedrooms | 1,875 | 2,028 | +8.2% |
4 Bedrooms | 1,072 | 1,177 | +9.8% |
5+ Bedrooms | 394 | 444 | +12.7% |
Summary: The Davidson County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 12.7%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
897 | 894 | -0.3% |
Asking Price vs. Sold Price
460 Homes Were Sold
Under Asking
265 Homes Were Sold
At Asking
165 Homes Were Sold
Over Asking
Summary: A total of 894 homes were sold or pending in Davidson County in April 2024, down by 0.3% month-over-month. Of the 890 sold homes, 52% were sold under asking, 30% were sold at asking, and 19% were sold over asking.
Days on Market for Davidson County, TN
How long does it take to sell a home in Davidson County, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
31 Days | 29 Days | -3.9% |
Summary: Homes in Davidson County had an average of 29 days on market in Apr 2024, down by 3.9% compared to last year.
Breakdown of Home Sale Times
612 Homes Were Sold
Under 30 Days
191 Homes Were Sold
In 30 - 90 Days
79 Homes Were Sold
Over 90 Days
Summary: During April 2024, 894 homes were sold in Davidson County; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% of homes were sold over 90 days.