What is the median home price in Nashville?

The typical home in Nashville is listed for $539,900 right now. This price has stayed about the same from last month and is slightly less than it was a year ago. Looking at all the homes for sale, there are 12,192 active listings. This is a noticeable increase of 12.1% compared to a year ago, meaning there are more choices for buyers. Homes are staying on the market a little longer, too. The typical home now takes 58 days to find a buyer, which is about 4.5% longer than it did last year. This suggests buyers have a bit more time to make decisions. About 21% of homes have had their prices lowered. While this shows some sellers are adjusting their expectations, it's actually a smaller percentage than last year, down by 3.3%. If you're thinking of buying, these numbers suggest a market with more inventory and a bit more breathing room on pricing compared to the past year. Take your time to explore your options.

The median home price in the Nashville area is $539,900. This price has stayed about the same from the previous month and is slightly lower than what it was a year ago. Prices have dipped by less than one percent over the last year. Right now, there are 12,192 homes for sale. This is over 12% more than the number of homes available at this time last year. More homes on the market can give buyers more choices. Homes in Nashville are selling a bit slower, staying on the market for a median of 58 days. That's about four-and-a-half percent longer than last year. Also, about 21% of homes have lowered their prices, which is a small decrease from last year. While there are more homes available, the number of new homes coming on the market has slightly decreased by about 2% compared to last year. Fewer new homes could mean that the increase in available homes is due to them sitting on the market longer. If you're looking to buy in Nashville, the current median price and the slight increase in available homes could offer some good opportunities to find a home that fits your budget.