Is Davidson County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since April 2023
Since last year, Davidson County has remained a Seller's Market.
Key Takeaway
Davidson County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Davidson County, TN
How much do homes in Davidson County, TN cost?
Median Sold Price
$456,417
$273/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in Davidson County have sold for 1.4% more than they did a year ago.
Summary: The median home sold price in Davidson County was $456,417 in April 2024, up 1.4% from last year, and the median price per square foot was $273.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $344.9K | $325.2K | -5.7% |
| 2 Bedrooms | $338.9K | $348.9K | +3.0% |
| 3 Bedrooms | $432.9K | $434.4K | 0.3% |
| 4 Bedrooms | $626.6K | $650K | +3.7% |
| 5+ Bedrooms | $1.0M | $1.2M | +15.7% |
Summary: Davidson County housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 5.7%, 2 bedroom homes increased by 3%, 3 bedroom homes increased by 0.3%, 4 bedroom homes increased by 3.7%, and 5+ bedroom homes increased by 15.7%.
Median Sold Price Compared To Nearby Counties
| Wilson County | $450.3K | $472.7K | +5.0% |
| Sumner County | $426.5K | $438.4K | +2.8% |
| Robertson County | $380.2K | $389.8K | +2.5% |
| Davidson County | $450K | $456.4K | +1.4% |
| Cheatham County | $379.9K | $383.8K | +1.0% |
Housing Supply in Davidson County, TN
How many homes are available in Davidson County, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 4,402 | 4,803 | +9.1% |
Summary: The Davidson County real estate market had 4,803 homes for sale in April 2024, a 9.1% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 255 | 306 | +20.0% |
| 2 Bedrooms | 806 | 848 | +5.2% |
| 3 Bedrooms | 1,875 | 2,028 | +8.2% |
| 4 Bedrooms | 1,072 | 1,177 | +9.8% |
| 5+ Bedrooms | 394 | 444 | +12.7% |
Summary: The Davidson County housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 20%, 2 bedroom homes increased by 5.2%, 3 bedroom homes increased by 8.2%, 4 bedroom homes increased by 9.8%, and 5+ bedroom homes increased by 12.7%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 897 | 894 | -0.3% |
Asking Price vs. Sold Price
460 Homes Were Sold
Under Asking
265 Homes Were Sold
At Asking
165 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Davidson County, you may be able to get a good deal. 51.7% of homes here sold below asking price last month.
Summary: A total of 894 homes were sold or pending in Davidson County in April 2024, down by 0.3% month-over-month. Of the 890 sold homes, 52% were sold under asking, 30% were sold at asking, and 19% were sold over asking.
Days on Market for Davidson County, TN
How long does it take to sell a home in Davidson County, TN?
Average Sale Time
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 31 Days | 29 Days | -3.9% |
Summary: Homes in Davidson County had an average of 29 days on market in Apr 2024, down by 3.9% compared to last year.
Breakdown of Home Sale Times
612 Homes Were Sold
Under 30 Days
191 Homes Were Sold
In 30 - 90 Days
79 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Davidson County are selling fast, if you're buying plan to act quickly.
Summary: During April 2024, 894 homes were sold in Davidson County; 68% of homes were sold within 30 days, 21% of homes were sold within 30 to 90 days, and 9% 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. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.