Is The Gulch, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
At the same time last year, The Gulch was a Seller's Market.
Key Takeaway
The Gulch is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in The Gulch, TN
How much do homes in The Gulch, TN cost?
Median Sold Price
$720,000
$749/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
The sold price of homes in The Gulch has remained the same since last year.
Summary: The median home sold price in The Gulch was $720,000 in April 2024, up 0.3% from last year, and the median price per square foot was $749.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $590K | $572K | -3.1% |
| 2 Bedrooms | $1.0M | $902.5K | -14.0% |
| 3 Bedrooms | $1.2M | $1.2M | 0.0% |
| 4 Bedrooms | - | - | N/A |
| 5+ Bedrooms | - | - | N/A |
Summary: The Gulch housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 3.1%, 2 bedroom homes decreased by 14%, 3 bedroom homes did not change, 4 bedroom homes did not change, and 5+ bedroom homes did not change.
Median Sold Price Compared To Nearby Neighborhoods
| Downtown | $619K | $750K | +21.2% |
| South Nashville | $428K | $450K | +5.1% |
| The Gulch | $718K | $720K | 0.3% |
Housing Supply in The Gulch, TN
How many homes are available in The Gulch, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 42 | 67 | +59.5% |
Summary: The The Gulch real estate market had 67 homes for sale in April 2024, a 59.5% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 16 | 35 | +118.8% |
| 2 Bedrooms | 26 | 29 | +11.5% |
| 3 Bedrooms | 0 | 3 | +100.0% |
| 4 Bedrooms | 0 | 0 | 0.0% |
| 5+ Bedrooms | 0 | 0 | 0.0% |
Summary: The The Gulch housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 118.8%, 2 bedroom homes increased by 11.5%, 3 bedroom homes increased by 100%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 6 | 9 | +50.0% |
Asking Price vs. Sold Price
9 Homes Were Sold
Under Asking
0 Homes Were Sold
At Asking
0 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in The Gulch, you may be able to get a good deal. 100% of homes here sold below asking price last month.
Summary: A total of 9 homes were sold or pending in The Gulch in April 2024, up by 50.0% month-over-month. Of the 9 sold homes, 100% were sold under asking, 0% were sold at asking, and 0% were sold over asking.
Days on Market for The Gulch, TN
How long does it take to sell a home in The Gulch, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 45 Days | 20 Days | -54.4% |
Summary: Homes in The Gulch had an average of 20 days on market in Apr 2024, down by 54.4% compared to last year.
Breakdown of Home Sale Times
7 Homes Were Sold
Under 30 Days
2 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in The Gulch are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 9 homes were sold in The Gulch; 78% of homes were sold within 30 days, 22% of homes were sold within 30 to 90 days, and 0% 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.