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

Housing Market Conditions

Neutral
Market

Seller's
Market

Gauge showing Nolensville is a neutral's market

Buyer's
Market

Difference Since February 2023

Since last year, Nolensville has remained a Neutral Market.

Key Takeaway

Nolensville 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 Nolensville, TN

How much do homes in Nolensville, TN cost?

Median Sold Price

$736,666

$274/sqft

Based on all homes sold in the last 12 months.

Difference Since February 2023

-$13,333(-1.8%)

Key Takeaway

Homes in Nolensville have sold for 1.8% less than they did a year ago.

Summary: The median home sold price in Nolensville was $736,666 in February 2024, down 1.8% from last year, and the median price per square foot was $274.

Median Sold Price By Bedroom Count

# BEDSFeb 2023Feb 2024CHANGE
1 --
N/A
2 $324.7K$349.9K
+7.8%
3 $600K$594K
-1.0%
4 $800K$800K
0.0%
5+ $1.1M$1.0M
-13.3%

Summary: Nolensville housing prices by bedroom type for February 2024 compared to the previous year: The home price of 1 bedroom homes did not change, 2 bedroom homes increased by 7.8%, 3 bedroom homes decreased by 1%, 4 bedroom homes did not change, and 5+ bedroom homes decreased by 13.3%.

Median Sold Price Compared To Nearby Cities

Nolensville
-1.8%
Brentwood
-8.5%

Housing Supply in Nolensville, TN

How many homes are available in Nolensville, TN?

Number of Homes For Sale

Jan 2024Feb 2024CHANGE
120142+18.3%

Summary: The Nolensville real estate market had 142 homes for sale in February 2024, a 18.3% increase compared to January 2024.

Homes For Sale By Bedroom Count

# BEDSJan 2024Feb 2024CHANGE
1 00
0.0%
2 716
+128.6%
3 2626
0.0%
4 5861
+5.2%
5+ 2939
+34.5%

Summary: The Nolensville housing inventory by bedroom type for February 2024 compared to the previous month: The inventory of 1 bedroom homes remained the same, 2 bedroom homes increased by 128.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 5.2%, and 5+ bedroom homes increased by 34.5%.

Number of Homes Sold

Jan 2024Feb 2024CHANGE
2021+5.0%

Asking Price vs. Sold Price

11 Homes Were Sold
Under Asking

7 Homes Were Sold
At Asking

3 Homes Were Sold
Over Asking

Asking vs Sold - buyer

Key Takeaway

If you're buying a home in Nolensville, you may be able to get a good deal. 52.4% of homes here sold below asking price last month.

Summary: A total of 21 homes were sold or pending in Nolensville in February 2024, up by 5.0% month-over-month. Of the 21 sold homes, 52% were sold under asking, 33% were sold at asking, and 14% were sold over asking.

Days on Market for Nolensville, TN

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

Average Sale Time

Feb 2023Feb 2024CHANGE
35 Days26 Days-23.8%

Summary: Homes in Nolensville had an average of 26 days on market in Feb 2024, down by 23.8% compared to last year.

Breakdown of Home Sale Times

15 Homes Were Sold
Under 30 Days

4 Homes Were Sold
In 30 - 90 Days

1 Home Was Sold
Over 90 Days

Breakdown of Home Sale Times

Key Takeaway

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

Summary: During February 2024, 21 homes were sold in Nolensville; 71% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 5% 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 2 Days Ago

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