CHORD Nashville Team

Nashville, TN 37215

Single-Family Homes

info@CHORDrealestate.com 615.988.1001


Nashville, TN 37215

Tue Apr 23 2024
This week the median list price for Nashville, TN 37215 is $2,150,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has increased to 114. Click here to stay informed with the Nashville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Nashville, TN 37215

Tue Apr 23 2024
This week the median list price for Nashville, TN 37215 is $2,150,000 with the market action index hovering around 35. This is about the same as last month's market action index of 35. Inventory has increased to 114. Click here to stay informed with the Nashville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

In the last few weeks the market has achieved a relative stasis point in terms of sales to inventory. However, inventory is sufficiently low to keep us in the Seller’s Market zone so watch changes in the MAI. If the market heats up, prices are likely to resume an upward climb.

Real-Time Market Profile

Never miss important changes in the Nashville market.
Median List Price $2,150,000
Median Price of New Listings $1,599,450
Per Square Foot $482
Average Days on Market 109
Median Days on Market 49
Price Decreased 36%
Price Increased 3%
Relisted 22%
Inventory 114
Median Rent
Market Action 35
Slight Seller's Advantage

Again this week we see prices in this zip code remain roughly at the level they’ve been for several weeks. Since we’re significantly below the top of the market, look for a persistent up-shift in the Market Action Index before we see prices move from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$4,587,500 7,479 1 - 2.5 acres 5 5.5 4 4 4 21
$2,572,000 5,203 0.5 - 1 acre 4 5 7 3 6 112
$1,925,000 3,988 0.25 - 0.5 acre 4 4.5 6 3 2 84
$1,219,000 3,165 6,500 - 8,000 sqft 4 3 45 10 9 42