Is Nashville, TN a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Nashville is a neutral's market


Difference Since November 2022

At the same time last year, Nashville was a Seller's Market.

Key Takeaway

Nashville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.

Housing Prices in Nashville, TN

How much do homes in Nashville, TN cost?

Median Sold Price



Based on all homes sold in the last 12 months.

Difference Since November 2022


Key Takeaway

Homes in Nashville have sold for 0.8% more than they did a year ago.

Summary: The median home sold price in Nashville was $516,211 in November 2023, up 0.8% from last year, and the median price per square foot was $316.

Median Sold Price By Bedroom Count

# BEDSNov 2022Nov 2023CHANGE
1 $361.1K$324.9K
2 $379.8K$395.4K
3 $491.6K$499.5K
4 $738.4K$758K
5+ $1.5M$1.6M

Summary: Nashville housing prices by bedroom type for November 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 10%, 2 bedroom homes increased by 4.1%, 3 bedroom homes increased by 1.6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 3.7%.

Median Sold Price Compared To Nearby Cities

Oak Hill
Belle Meade
Forest Hills

Housing Supply in Nashville, TN

How many homes are available in Nashville, TN?

Number of Homes For Sale

Oct 2023Nov 2023CHANGE

Summary: The Nashville real estate market had 3,061 homes for sale in November 2023, a 1.9% increase compared to October 2023.

Homes For Sale By Bedroom Count

# BEDSOct 2023Nov 2023CHANGE
1 227233
2 525536
3 1,1921,203
4 785794
5+ 274295

Summary: The Nashville housing inventory by bedroom type for November 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 2.6%, 2 bedroom homes increased by 2.1%, 3 bedroom homes increased by 0.9%, 4 bedroom homes increased by 1.1%, and 5+ bedroom homes increased by 7.7%.

Number of Homes Sold

Oct 2023Nov 2023CHANGE

Asking Price vs. Sold Price

276 Homes Were Sold
Under Asking

108 Homes Were Sold
At Asking

60 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nashville, you may be able to get a good deal. 62.2% of homes here sold below asking price last month.

Summary: A total of 446 homes were sold or pending in Nashville in November 2023, down by 18.9% month-over-month. Of the 444 sold homes, 62% were sold under asking, 24% were sold at asking, and 14% were sold over asking.

Days on Market for Nashville, TN

How long does it take to sell a home in Nashville, TN?

Average Sale Time

Nov 2022Nov 2023CHANGE
22 Days28 Days+26.1%

Summary: Homes in Nashville had an average of 28 days on market in Nov 2023, up by 26.1% compared to last year.

Breakdown of Home Sale Times

304 Homes Were Sold
Under 30 Days

106 Homes Were Sold
In 30 - 90 Days

36 Homes Were Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During November 2023, 446 homes were sold in Nashville; 68% of homes were sold within 30 days, 24% of homes were sold within 30 to 90 days, and 8% of homes were sold over 90 days.

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

Report Updated 9 Days Ago

Newest Listings in Nashville, TN

Nearby Markets to Nashville, TN

What housing markets are near Nashville, TN?