$10,000 Closing Credit*
$1,400,000
5,888 SqFt
5 Baths
Terry Carter CLHMS,CRS,ABR, Listing Office: Compass RE
Is West Nashville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since September 2023
At the same time last year, West Nashville was a Seller's Market.
Key Takeaway
West Nashville is a Buyers Housing Market, which means prices tend to be lower and homes stay on the market longer.
Housing Prices in West Nashville, TN
How much do homes in West Nashville, TN cost?
Median Sold Price
$699,170
$340/sqft
Based on all homes sold in the last 12 months.
Difference Since September 2023
-$34(0%)
Key Takeaway
The sold price of homes in West Nashville has remained the same since last year.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $323K | $340.2K | +5.3% |
| 2 Bedrooms | $443.7K | $445.2K | 0.3% |
| 3 Bedrooms | $665K | $630K | -5.3% |
| 4 Bedrooms | $849.9K | $833.7K | -1.9% |
| 5+ Bedrooms | $2.2M | $2.4M | +9.1% |
Summary: West Nashville housing prices by bedroom type for September 2024 compared to the previous year: The home price of 1 bedroom homes increased by 5.3%, 2 bedroom homes increased by 0.3%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes decreased by 1.9%, and 5+ bedroom homes increased by 9.1%.
Median Sold Price Compared To Nearby Neighborhoods
| Hillwood | $855K | $1.0M | +22.8% |
| West Nashville | $699.2K | $699.1K | 0% |
Housing Supply in West Nashville, TN
How many homes are available in West Nashville, TN?
Number of Homes For Sale
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 451 | 450 | -0.2% |
Summary: The West Nashville real estate market had 450 homes for sale in September 2024, a 0.2% decrease compared to August 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 20 | 18 | -10.0% |
| 2 Bedrooms | 56 | 47 | -16.1% |
| 3 Bedrooms | 168 | 180 | +7.1% |
| 4 Bedrooms | 145 | 140 | -3.4% |
| 5+ Bedrooms | 62 | 65 | +4.8% |
Summary: The West Nashville housing inventory by bedroom type for September 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 10%, 2 bedroom homes decreased by 16.1%, 3 bedroom homes increased by 7.1%, 4 bedroom homes decreased by 3.4%, and 5+ bedroom homes increased by 4.8%.
Number of Homes Sold
| Aug 2024 | Sep 2024 | CHANGE |
|---|---|---|
| 86 | 63 | -26.7% |
Asking Price vs. Sold Price
39 Homes Were Sold
Under Asking
15 Homes Were Sold
At Asking
9 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in West Nashville, you may be able to get a good deal. 61.9% of homes here sold below asking price last month.
Summary: A total of 63 homes were sold or pending in West Nashville in September 2024, down by 26.7% month-over-month. Of the 63 sold homes, 62% were sold under asking, 24% were sold at asking, and 14% were sold over asking.
Days on Market for West Nashville, TN
How long does it take to sell a home in West Nashville, TN?
Average Sale Time
| Sep 2023 | Sep 2024 | CHANGE |
|---|---|---|
| 22 Days | 24 Days | +6.1% |
Summary: Homes in West Nashville had an average of 24 days on market in Sep 2024, up by 6.1% compared to last year.
Breakdown of Home Sale Times
41 Homes Were Sold
Under 30 Days
17 Homes Were Sold
In 30 - 90 Days
3 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in West Nashville are selling fast, if you're buying plan to act quickly.
Summary: During September 2024, 63 homes were sold in West Nashville; 65% of homes were sold within 30 days, 27% of homes were sold within 30 to 90 days, and 5% 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.