RealTrends Market Report

Nashville, TN

Single-Family Homes

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Nashville, TN

Fri Jun 21 2024
This week the median list price for Nashville, TN is $714,705 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 1,273. 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

The market has started cooling and prices have been flat for several weeks. Since 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.

Nashville, TN

Fri Jun 21 2024
This week the median list price for Nashville, TN is $714,705 with the market action index hovering around 43. This is less than last month's market action index of 44. Inventory has increased to 1,273. 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

The market has started cooling and prices have been flat for several weeks. Since 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 Nashville market.
Median List Price $714,705
Median Price of New Listings $603,500
Per Square Foot $344
Average Days on Market 90
Median Days on Market 49
Price Decreased 50%
Price Increased 3%
Relisted 21%
Inventory 1,273
Median Rent
Market Action 43
Slight Seller's Advantage

The market is hovering around this plateau. Look for a persistent change in the Market Action Index before we see prices deviate 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
$2,200,000 4,652 0.25 - 0.5 acre 5 4.5 8 24 20 70
$884,500 2,570 8,000 - 10,000 sqft 4 3 9 42 48 56
$600,000 2,065 6,500 - 8,000 sqft 3 2.5 17 38 32 42
$416,000 1,394 8,000 - 10,000 sqft 3 2 54 68 54 42