Is East Nashville, 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, East Nashville has remained a Seller's Market.
Housing Prices in East Nashville, TN
How much do homes in East Nashville, TN cost?
Median Sold Price
$549,128
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Summary: The median home sold price in East Nashville was $549,128 in April 2024, down 4.7% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
# BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | $320K | $300K | -6.3% |
2 Bedrooms | $420K | $416.7K | -0.8% |
3 Bedrooms | $589.8K | $558.4K | -5.3% |
4 Bedrooms | $778.2K | $784.3K | +0.8% |
5+ Bedrooms | $999.9K | $1.0M | +2.3% |
Summary: East Nashville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 6.3%, 2 bedroom homes decreased by 0.8%, 3 bedroom homes decreased by 5.3%, 4 bedroom homes increased by 0.8%, and 5+ bedroom homes increased by 2.3%.
Median Sold Price Compared To Nearby Neighborhoods
East Hill | $638.5K | $636.4K | -0.3% |
East Nashville | $576.1K | $549.1K | -4.7% |
Capitol View | $362.4K | $329.9K | -9.0% |
Housing Supply in East Nashville, TN
How many homes are available in East Nashville, TN?
Number of Homes For Sale
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
562 | 636 | +13.2% |
Summary: The East Nashville real estate market had 636 homes for sale in April 2024, a 13.2% increase compared to March 2024.
Homes For Sale By Bedroom Count
# BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
---|---|---|---|
1 Bedroom | 29 | 31 | +6.9% |
2 Bedrooms | 76 | 92 | +21.1% |
3 Bedrooms | 270 | 306 | +13.3% |
4 Bedrooms | 152 | 167 | +9.9% |
5+ Bedrooms | 35 | 40 | +14.3% |
Summary: The East Nashville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 6.9%, 2 bedroom homes increased by 21.1%, 3 bedroom homes increased by 13.3%, 4 bedroom homes increased by 9.9%, and 5+ bedroom homes increased by 14.3%.
Number of Homes Sold
Mar 2024 | Apr 2024 | CHANGE |
---|---|---|
99 | 122 | +23.2% |
Asking Price vs. Sold Price
51 Homes Were Sold
Under Asking
48 Homes Were Sold
At Asking
23 Homes Were Sold
Over Asking
Summary: A total of 122 homes were sold or pending in East Nashville in April 2024, up by 23.2% month-over-month. Of the 122 sold homes, 42% were sold under asking, 39% were sold at asking, and 19% were sold over asking.
Days on Market for East Nashville, TN
How long does it take to sell a home in East Nashville, TN?
Average Sale Time
Apr 2023 | Apr 2024 | CHANGE |
---|---|---|
25 Days | 34 Days | +32.9% |
Summary: Homes in East Nashville had an average of 34 days on market in Apr 2024, up by 32.9% compared to last year.
Breakdown of Home Sale Times
83 Homes Were Sold
Under 30 Days
23 Homes Were Sold
In 30 - 90 Days
13 Homes Were Sold
Over 90 Days
Summary: During April 2024, 122 homes were sold in East Nashville; 68% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 11% of homes were sold over 90 days.