The median home price in Nashville, Tennessee, as of October 2023, is $520,000, which is a slight decrease from the all-time high of $530,000 recorded in early June.
Nashville's housing market remains extremely competitive, with limited inventory and strong demand driving prices above the national average.
The median home price in Nashville is significantly higher than the U.S.
median of $400,000.
The upward trend in Nashville's housing prices is attributed to its strong economy, burgeoning population, and limited housing supply.
Investors and out-of-town buyers seeking more affordable housing options have driven demand, contributing to the high prices.
According to Property Marche, there are 546 houses and apartments for sale in Nashville.
Nashville's housing market is somewhat competitive, with homes receiving an average of 2 offers and selling in around 48 days, according to Redfin.
The median sale price of a home in Nashville was $485,000 last month, up 11.5% since last year, and the median sale price per square foot is $278, up 18% since last year.
The average Nashville, TN home value is $441,700, up 25% over the past year, and goes to pending in around 12 days, according to Zillow.
The Zillow Home Value Index for Nashville is $419,817.
As of March 31, 2024, the median sale price in Nashville is $529,945, and the median list price is $1,783, according to Zillow.
According to RocketHomes, there are 2,312 homes for sale in Nashville, Davidson County, with a median price of $531,422, which is an increase of 34% since last year.
The median home sale price reached $450,000 in April, according to the latest National Housing Report.
At the start of 2022, the median home price had just eclipsed $400,000, and by April, it had increased by 12.5%.
According to Bankrate, the median sale price of a single-family home as of March 2023 is $465,000, according to data from the Greater Nashville Realtors.
Nashville home prices were up 41.7% compared to last year, selling for a median price of $386,000 in December 2023, according to Redfin.
Like many places in the US, home prices in Nashville have trended downward since mid-2022 when interest rates saw buyers pull back and gain more negotiating power.
Despite this, the median price still clocks in at 55% higher than a year ago, at $421,000, according to Redfin.
In Downtown Nashville, home prices were up 63.4% compared to last year, selling for a median price of $915,000 in March 2024, according to Redfin.
On average, homes in Downtown Nashville sell after 107 days on the market, compared to 46 days last year, with 57 homes sold in March this year, up from 40 last year.