Is North Nashville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since March 2023
At the same time last year, North Nashville was a Neutral Market.
Key Takeaway
North Nashville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in North Nashville, TN
How much do homes in North Nashville, TN cost?
Median Sold Price
$565,000
$323/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Key Takeaway
Homes in North Nashville have sold for 1.8% more than they did a year ago.
Summary: The median home sold price in North Nashville was $565,000 in March 2024, up 1.8% from last year, and the median price per square foot was $323.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $453K | $439.9K | -2.9% |
| 2 Bedrooms | $394.9K | $427K | +8.1% |
| 3 Bedrooms | $560K | $525K | -6.3% |
| 4 Bedrooms | $685K | $625K | -8.8% |
| 5+ Bedrooms | $829.9K | $747.2K | -10.0% |
Summary: North Nashville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 2.9%, 2 bedroom homes increased by 8.1%, 3 bedroom homes decreased by 6.3%, 4 bedroom homes decreased by 8.8%, and 5+ bedroom homes decreased by 10%.
Median Sold Price Compared To Nearby Neighborhoods
| Hadley / Washington | $452.5K | $618K | +36.6% |
| North Nashville | $555K | $565K | +1.8% |
Housing Supply in North Nashville, TN
How many homes are available in North Nashville, TN?
Number of Homes For Sale
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 201 | 224 | +11.4% |
Summary: The North Nashville real estate market had 224 homes for sale in March 2024, a 11.4% increase compared to February 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 19 | 21 | +10.5% |
| 2 Bedrooms | 19 | 29 | +52.6% |
| 3 Bedrooms | 96 | 96 | 0.0% |
| 4 Bedrooms | 55 | 64 | +16.4% |
| 5+ Bedrooms | 12 | 14 | +16.7% |
Summary: The North Nashville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 10.5%, 2 bedroom homes increased by 52.6%, 3 bedroom homes remained the same, 4 bedroom homes increased by 16.4%, and 5+ bedroom homes increased by 16.7%.
Number of Homes Sold
| Feb 2024 | Mar 2024 | CHANGE |
|---|---|---|
| 31 | 21 | -32.3% |
Asking Price vs. Sold Price
14 Homes Were Sold
Under Asking
5 Homes Were Sold
At Asking
2 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in North Nashville, you may be able to get a good deal. 66.7% of homes here sold below asking price last month.
Summary: A total of 21 homes were sold or pending in North Nashville in March 2024, down by 32.3% month-over-month. Of the 21 sold homes, 67% were sold under asking, 24% were sold at asking, and 10% were sold over asking.
Days on Market for North Nashville, TN
How long does it take to sell a home in North Nashville, TN?
Average Sale Time
| Mar 2023 | Mar 2024 | CHANGE |
|---|---|---|
| 40 Days | 45 Days | +12.1% |
Summary: Homes in North Nashville had an average of 45 days on market in Mar 2024, up by 12.1% compared to last year.
Breakdown of Home Sale Times
10 Homes Were Sold
Under 30 Days
8 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in North Nashville are selling fast, if you're buying plan to act quickly.
Summary: During March 2024, 21 homes were sold in North Nashville; 48% of homes were sold within 30 days, 38% of homes were sold within 30 to 90 days, and 14% 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.