CHORD Nashville Team

Gallatin, TN 37066

Single-Family Homes

info@CHORDrealestate.com 615.988.1001



Gallatin, TN 37066

Mon Feb 06 2023
This week the median list price for Gallatin, TN 37066 is $534,900 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 201. Click here to stay informed with the Gallatin market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Gallatin, TN 37066

Mon Feb 06 2023
This week the median list price for Gallatin, TN 37066 is $534,900 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 201. Click here to stay informed with the Gallatin market!

Market Action Index

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

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Gallatin market.
Median List Price $534,900
Median Price of New Listings $479,999
Per Square Foot $233
Average Days on Market 84
Median Days on Market 84
Price Decreased 40%
Price Increased 4%
Relisted 28%
Inventory 201
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
$1,140,425 4,137 0.5 - 1 acre 4 3.5 8 4 4 94
$644,700 2,965 0.25 - 0.5 acre 4 3 5 4 4 91
$475,000 2,250 8,000 - 10,000 sqft 3 2.5 2 8 6 91
$374,990 1,652 0.25 - 0.5 acre 3 2 20 7 6 35