How much is my Nashville home worth?

The median listing price for a home in the Nashville area right now is $533,995. This price has seen a small dip of 1.1% from the previous month and is down 1.0% compared to last year. The cost per square foot is also a key number, currently at $259. This is a slight decrease of 1.3% compared to the price last year. There are more homes for sale, with active listings up 12.0% over the past year, totaling 12,150 properties. However, fewer new homes are coming onto the market, down 2.4% year-over-year. Homes are staying on the market a little longer, taking 62 days to sell on average, which is 5.1% more than last year. Also, about 22.4% of homes have had their prices reduced. For sellers, these numbers suggest that while prices have softened slightly, understanding what comparable homes in your specific neighborhood are selling for is crucial to pricing your home right.