Mon Dec 04 2023
This week the median list price for Nashville, TN 37216 is $649,850 with the market action index hovering around 38. This is less than last month's market action index of 39. Inventory has held steady at or around 86.
This answers “How’s the Market?” by comparing rate of sales versus inventory.
Slight Seller's Advantage
|Median List Price||$649,850|
|Median Price of New Listings||$650,000|
|Per Square Foot||$319|
|Average Days on Market||111|
|Median Days on Market||91|
|Slight Seller's Advantage|
Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.
Each segment below represents approximately 25% of the market ordered by price.
|Median Price||Sq. Ft.||Lot Size||Beds||Bath||Age||New||Absorbed||DOM|
|$875,000||2,616||0.25 - 0.5 acre||4||3||73||0||2||98|
|$699,000||2,263||6,500 - 8,000 sqft||4||3||1||2||3||91|
|$594,500||1,889||0.25 - 0.5 acre||3||2.3||67||0||1||91|
|$399,000||1,213||0.25 - 0.5 acre||2||1||72||1||1||87|