Is West Nashville, 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, West Nashville was a Seller's Market.
Key Takeaway
West Nashville is a Neutral Housing Market, which means prices tend to be reasonable and homes stay on the market for a typical length of time.
Housing Prices in West Nashville, TN
How much do homes in West Nashville, TN cost?
Median Sold Price
$705,200
$341/sqft
Based on all homes sold in the last 12 months.
Difference Since April 2023
Key Takeaway
Homes in West Nashville have sold for 1.7% more than they did a year ago.
Summary: The median home sold price in West Nashville was $705,200 in April 2024, up 1.7% from last year, and the median price per square foot was $341.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $329.5K | $334.5K | +1.5% |
| 2 Bedrooms | $449.8K | $445K | -1.1% |
| 3 Bedrooms | $667.5K | $664.1K | -0.5% |
| 4 Bedrooms | $875K | $838.7K | -4.1% |
| 5+ Bedrooms | $2.5M | $2.3M | -7.5% |
Summary: West Nashville housing prices by bedroom type for April 2024 compared to the previous year: The home price of 1 bedroom homes increased by 1.5%, 2 bedroom homes decreased by 1.1%, 3 bedroom homes decreased by 0.5%, 4 bedroom homes decreased by 4.1%, and 5+ bedroom homes decreased by 7.5%.
Median Sold Price Compared To Nearby Neighborhoods
| Hillwood | $887.5K | $935K | +5.4% |
| West Nashville | $693.1K | $705.2K | +1.7% |
Housing Supply in West Nashville, TN
How many homes are available in West Nashville, TN?
Number of Homes For Sale
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 385 | 452 | +17.4% |
Summary: The West Nashville real estate market had 452 homes for sale in April 2024, a 17.4% increase compared to March 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 13 | 20 | +53.8% |
| 2 Bedrooms | 43 | 43 | 0.0% |
| 3 Bedrooms | 141 | 166 | +17.7% |
| 4 Bedrooms | 134 | 159 | +18.7% |
| 5+ Bedrooms | 54 | 64 | +18.5% |
Summary: The West Nashville housing inventory by bedroom type for April 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 53.8%, 2 bedroom homes remained the same, 3 bedroom homes increased by 17.7%, 4 bedroom homes increased by 18.7%, and 5+ bedroom homes increased by 18.5%.
Number of Homes Sold
| Mar 2024 | Apr 2024 | CHANGE |
|---|---|---|
| 75 | 75 | 0.0% |
Asking Price vs. Sold Price
40 Homes Were Sold
Under Asking
20 Homes Were Sold
At Asking
15 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. 53.3% of homes here sold below asking price last month.
Summary: A total of 75 homes were sold or pending in West Nashville in April 2024, the same as the previous month. Of the 75 sold homes, 53% were sold under asking, 27% were sold at asking, and 20% 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
| Apr 2023 | Apr 2024 | CHANGE |
|---|---|---|
| 22 Days | 26 Days | +16.4% |
Summary: Homes in West Nashville had an average of 26 days on market in Apr 2024, up by 16.4% compared to last year.
Breakdown of Home Sale Times
51 Homes Were Sold
Under 30 Days
19 Homes Were Sold
In 30 - 90 Days
4 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 April 2024, 75 homes were sold in West Nashville; 68% of homes were sold within 30 days, 25% 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.