Nashville real estate for sale – Home prices in the Nashville area continue to rise with the median price of homes sold in September up to $280,000, an increase of 8.9% over the same period in 2016. The market for Nashville condos is even hotter, with sales of condo units actually down compared to last year, but it’s because the inventory of available units is down 15% in the last 12 months. The median price of condos increased 18.5% in last 12 months to $223,500. It sounds like a broken record, but sales are still being held back by a shortage of inventory in many areas and price ranges.
- the average days on market for homes sold was only 27 days
- the median price of Nashville homes sold was $280,000 compared to $256,900 the previous September
- the absorption rate of homes based on September sales and current inventory is only 2 months
- The inventory level of single family homes is down 4% compared to the same period last year
- The median price of Nashville condos increased 18.5% in last to $223,500
- The absorption rate of condos in Nashville based on September sales and the current inventory is less than 2 months
- 361 condos sold in Nashville in September compared to 390 last year during the same period
Nashville real estate is in a very active sellers market with inventory levels shrinking on a monthly basis, driving up the prices of homes and condos to record prices. With the shortage of available lots and the growth in the area, I expect this trend to continue for several years.
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Benchmark realty can assist buyers in all forms of Nashville relocation needs including new construction houses, condos, townhouses, for sale by owner homes, residential lots, townhomes, lofts, and new homes in various subdivisions across the Nashville Metro region. And if you’re searching for condos or townhomes for sale in the Nashville area, feel free to browse our updated listings of Nashville condos, townhouses, townhomes, lofts on our site.
information on this page is based on information on single family homes for sale in Nashville per the Nashville Multiple Listing Services, Inc. and is deemed reliable but, not guaranteed.
$599,900 : 755B Lynwood Ave, Nashville3 beds, 4 bathsListed with Keller Williams Realty
$599,900 : 755A Lynwood Ave, Nashville3 beds, 4 bathsListed with Keller Williams Realty
$509,000 : 102B Oceola Ave, Nashville3 beds, 4 bathsListed with Pilkerton Realtors
$509,000 : 102a Oceola Ave, Nashville3 beds, 4 bathsListed with Pilkerton Realtors
$549,900 : 4236 Pecan Valley Rd, Nashville5 beds, 4 bathsListed with The Realty Association
$549,000 : 1718 Stewart Pl, Nashville4 beds, 4 bathsListed with Exit Realty Music City
$549,000 : 1716 Stewart Pl, Nashville3 beds, 4 bathsListed with Exit Realty Music City
$529,900 : 867 Rodney Dr, Nashville5 beds, 3 bathsListed with Bradford Real Estate
$525,000 : 6029 Sedberry Rd, Nashville3 beds, 2 bathsListed with Reliant Realty ERA Powered
$525,000 : 1113 Shelby Ave, Nashville2 beds, 2 bathsListed with Exit Realty Music City
See all Nashville $500,000 to $600,000.
(all data current as of 2/20/2018)
Listing information deemed reliable but not guaranteed. Read full disclaimer.