Nashville Real Estate Report: Average Values Rise to $419,900 in March 2024
Nashville’s real estate market displays continuous growth and robust sales, with surrounding areas offering diverse options for investment and lifestyle.
Key Takeaways
- Nashville's average property value was $419,900 in March 2024, down from about $424,975 in January.
- The average sale price was $467,972 in March 2024, below January's $508,253.
- 4,261 Nashville homes sold in March 2024, down 13.64% from April 2023.
- Nearby Brentwood averaged about $874,000, while Madison averaged about $267,700.
A Bird’s Eye View: Nashville’s Real Estate Trajectory
Nashville, Tennessee, the famed music city is humming a tune that’s catching the attention of real estate enthusiasts: a melody of rising property values and robust sales. The real estate scene here is a testament to its growing appeal, not just as a cultural hotspot but also as a vibrant market for homebuyers and investors alike.
Nashville, TN Real Estate Market Overview
| Zip | Median Est. Value | Zip | Median Est. Value |
|---|---|---|---|
| 37207 |
$ 452,805 $ 267/sqft |
37212 |
$ 1,095,000 $ 440/sqft |
| 37211 |
$ 438,012 $ 260/sqft |
37203 |
$ 973,245 $ 388/sqft |
| 37221 |
$ 544,732 $ 231/sqft |
37220 |
$ 909,202 $ 395/sqft |
| 37216 |
$ 562,377 $ 334/sqft |
37201 |
$ 517,448 $ 732/sqft |
| 37209 |
$ 625,000 $ 340/sqft |
37219 |
$ 446,358 $ 842/sqft |
Frequently Asked Questions
What is the average home value in Nashville in 2024?
About $419,900 as of March 2024, slightly below January's peak of about $424,975.
What is the median sold price in Nashville?
$468K in March 2024, down 2.57% from $480.3K in April 2023.
About the author: Manuel Martinez
RealtyTrac contributor
Manuel Martinez is a contributor to RealtyTrac who writes about local housing markets, home buying and real estate investing. He has written for RealtyTrac since 2013, covering city and state market reports, home buying guides and tips, investment financing and strategies for buying and flipping homes.
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