How much is my Nashville home worth?

This May, the typical home in Nashville is worth about $539,900. Prices have held fairly steady over the last month but are a bit lower than last year. Your home’s value will depend on its specific features and condition. The median listing price is a good benchmark, meaning half the homes are priced above this and half below. Currently, this stands at $539,900, which is nearly the same as last month, with only a 0.2% increase. Compared to last year, prices are down by 1.7%. There are more homes for sale now, with 11,374 active listings, up 13.3% from last year. This means you have more competition if you're selling, and more choices if you’re buying. Homes are also taking a bit longer to sell, sitting on the market for 52 days, which is six days longer than last year. The average price per square foot helps you compare homes of different sizes. In Nashville, the median price is $263 per square foot, which is slightly lower than last year by 0.9%. This shows that home values are generally a little less per square foot than they were in the past. To get a precise idea of your home's value, you can look at similar homes that have recently sold in your neighborhood. An appraiser or real estate agent can also give you a detailed evaluation.