Is 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, Nashville has remained a Seller's Market.
Key Takeaway
Nashville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nashville, TN
How much do homes in Nashville, TN cost?
Median Sold Price
$529,381
$313/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Nashville have sold for 2.2% more than they did a year ago.
Summary: The median home sold price in Nashville was $529,381 in April 2024, up 2.2% from last year, and the median price per square foot was $313.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $349.4K | $327.3K | -6.3% |
| 2 Bedrooms | $389.5K | $396.6K | +1.8% |
| 3 Bedrooms | $497.6K | $504.7K | +1.4% |
| 4 Bedrooms | $762.9K | $760.3K | -0.3% |
| 5+ Bedrooms | $1.5M | $1.7M | +12.8% |
Summary: Nashville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes increased by 1.8%, 3 bedroom homes increased by 1.4%, 4 bedroom homes decreased by 0.3%, and 5+ bedroom homes increased by 12.8%.
Median Sold Price Compared To Nearby Cities
| Belle Meade | $2.5M | $3.1M | +24.7% |
| Oak Hill | $1.6M | $1.9M | +23.3% |
| Nashville | $518K | $529.3K | +2.2% |
| Forest Hills | $2.1M | $1.9M | -9.8% |
Housing Supply in Nashville, TN
How many homes are available in Nashville, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 3,346 | 3,716 | +11.1% |
Summary: The Nashville real estate market had 3,716 homes for sale in April 2024, a 11.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 251 | 296 | +17.9% |
| 2 Bedrooms | 601 | 633 | +5.3% |
| 3 Bedrooms | 1,293 | 1,438 | +11.2% |
| 4 Bedrooms | 854 | 959 | +12.3% |
| 5+ Bedrooms | 347 | 390 | +12.4% |
Summary: The Nashville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 17.9%, 2 bedroom homes increased by 5.3%, 3 bedroom homes increased by 11.2%, 4 bedroom homes increased by 12.3%, and 5+ bedroom homes increased by 12.4%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 633 | 656 | +3.6% |
Asking Price vs. Sold Price
339 Homes Were Sold
Under Asking
204 Homes Were Sold
At Asking
111 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Nashville, you may be able to get a good deal. 51.8% of homes here sold below asking price last month.
Summary: A total of 656 homes were sold or pending in Nashville in April 2024, up by 3.6% month-over-month. Of the 654 sold homes, 52% were sold under asking, 31% were sold at asking, and 17% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 27 Days | 31 Days | +14.3% |
Summary: Homes in Nashville had an average of 31 days on market in Apr 2024, up by 14.3% compared to last year.
Breakdown of Home Sale Times
441 Homes Were Sold
Under 30 Days
143 Homes Were Sold
In 30 - 90 Days
63 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nashville are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 656 homes were sold in Nashville; 67% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 10% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.