Is South 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, South Nashville was a Seller's Market.
Housing Prices in South Nashville, TN
How much do homes in South Nashville, TN cost?
Median Sold Price
$459,518
$324/sqft
Based on all homes sold in the last 12 months.
Difference Since March 2023
Summary: The median home sold price in South Nashville was $459,518 in March 2024, up 3.8% from last year, and the median price per square foot was $324.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Mar 2023 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $229.9K | $295K | +28.3% |
2 Bedrooms | $367.8K | $362.5K | -1.4% |
3 Bedrooms | $497.5K | $486.7K | -2.2% |
4 Bedrooms | $695K | $657.4K | -5.4% |
5+ Bedrooms | $690.1K | $530K | -23.2% |
Summary: South Nashville housing prices by bedroom type for March 2024 compared to the previous year: The home price of 1 bedroom homes increased by 28.3%, 2 bedroom homes decreased by 1.4%, 3 bedroom homes decreased by 2.2%, 4 bedroom homes decreased by 5.4%, and 5+ bedroom homes decreased by 23.2%.
Median Sold Price Compared To Nearby Neighborhoods
Woodbine | $408.5K | $425K | +4.0% |
South Nashville | $442.5K | $459.5K | +3.8% |
Housing Supply in South Nashville, TN
How many homes are available in South Nashville, TN?
Number of Homes For Sale
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
189 | 212 | +12.2% |
Summary: The South Nashville real estate market had 212 homes for sale in March 2024, a 12.2% increase compared to February 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Feb 2024 | Mar 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 26 | 42 | +61.5% |
2 Bedrooms | 43 | 39 | -9.3% |
3 Bedrooms | 74 | 77 | +4.1% |
4 Bedrooms | 40 | 49 | +22.5% |
5+ Bedrooms | 6 | 5 | -16.7% |
Summary: The South Nashville housing inventory by bedroom type for March 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 61.5%, 2 bedroom homes decreased by 9.3%, 3 bedroom homes increased by 4.1%, 4 bedroom homes increased by 22.5%, and 5+ bedroom homes decreased by 16.7%.
Number of Homes Sold
Feb 2024 | Mar 2024 | CHANGE |
---|---|---|
29 | 28 | -3.4% |
Asking Price vs. Sold Price
12 Homes Were Sold
Under Asking
9 Homes Were Sold
At Asking
7 Homes Were Sold
Over Asking
Summary: A total of 28 homes were sold or pending in South Nashville in March 2024, down by 3.4% month-over-month. Of the 28 sold homes, 43% were sold under asking, 32% were sold at asking, and 25% were sold over asking.
Days on Market for South Nashville, TN
How long does it take to sell a home in South Nashville, TN?
Average Sale Time
Mar 2023 | Mar 2024 | CHANGE |
---|---|---|
28 Days | 33 Days | +16.4% |
Summary: Homes in South Nashville had an average of 33 days on market in Mar 2024, up by 16.4% compared to last year.
Breakdown of Home Sale Times
21 Homes Were Sold
Under 30 Days
3 Homes Were Sold
In 30 - 90 Days
4 Homes Were Sold
Over 90 Days
Summary: During March 2024, 28 homes were sold in South Nashville; 75% of homes were sold within 30 days, 11% of homes were sold within 30 to 90 days, and 14% of homes were sold over 90 days.