Is East Nashville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
Since last year, East Nashville has remained a Seller's Market.
Housing Prices in East Nashville, TN
How much do homes in East Nashville, TN cost?
Median Sold Price
$544,516
$331/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in East Nashville was $544,516 in March 2024, down 6.1% from last year, and the median price per square foot was $331.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $306K | -4.4% |
2 Bedrooms | $425K | $410K | -3.5% |
3 Bedrooms | $589.9K | $559.9K | -5.1% |
4 Bedrooms | $779.9K | $784.6K | +0.6% |
5+ Bedrooms | $1.0M | $1.0M | +3.5% |
Summary: East Nashville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 4.4%, 2 bedroom homes decreased by 3.5%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes increased by 0.6%, and 5+ bedroom homes increased by 3.5%.
Median Sold Price Compared To Nearby Neighborhoods
East Hill | $638.5K | $643K | +0.7% |
East Nashville | $579.7K | $544.5K | -6.1% |
Capitol View | $393.2K | $329.9K | -16.1% |
Housing Supply in East Nashville, TN
How many homes are available in East Nashville, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
477 | 563 | +18.0% |
Summary: The East Nashville real estate market had 563 homes for sale in March 2024, a 18.0% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 23 | 23 | 0.0% |
2 Bedrooms | 65 | 78 | +20.0% |
3 Bedrooms | 233 | 271 | +16.3% |
4 Bedrooms | 132 | 155 | +17.4% |
5+ Bedrooms | 24 | 36 | +50.0% |
Summary: The East Nashville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 20%, 3 bedroom homes increased by 16.3%, 4 bedroom homes increased by 17.4%, and 5+ bedroom homes increased by 50%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
89 | 95 | +6.7% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
34 Homes Were Sold
At Asking
21 Homes Were Sold
Over Asking
Summary: A total of 95 homes were sold or pending in East Nashville in March 2024, up by 6.7% month-over-month. Of the 95 sold homes, 42% were sold under asking, 36% were sold at asking, and 22% were sold over asking.
Days on Market for East Nashville, TN
How long does it take to sell a home in East Nashville, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
25 Days | 28 Days | +11.4% |
Summary: Homes in East Nashville had an average of 28 days on market in Mar 2024, up by 11.4% compared to last year.
Breakdown of Home Sale Times
66 Homes Were Sold
Under 30 Days
16 Homes Were Sold
In 30 - 90 Days
12 Homes Were Sold
Over 90 Days
Summary: During March 2024, 95 homes were sold in East Nashville; 69% of homes were sold within 30 days, 17% of homes were sold within 30 to 90 days, and 13% of homes were sold over 90 days.