Nashville, TN

Nashville

The city of music has been humming along steadily in the past years. After its 2021 high, it dipped slightly. In 2024, the average top sales price returned to $10.2M rebounding from a $7.6M dip in 2023. The same steady fare has been seen in the Days On Market (DOM), which have been very steady over the past four years, migrating from a record low 203 days in 2021 to 238 days, 240 days in 2022 and 2023, and back to 203 days in 2024. 

Highlights

• Average sales rebounded to $10M in 2024 after dipping under $8M in 2023

• DOM shows remarkable stability, returning to 203 days in 2024

• Sellers consistently achieve 90% of the list price, outperforming both the US and Southern states

Nashville is humming along The steady DOM is also reflected in the realized prices that sellers have been getting in Nashville over the past four years. With a steady sales-to-list price ratio of around 90%, Nashville is out-competing the US and Southern states region in sales-to-list dynamics. Even in this stable market, the pervasive trend of properties taking over 180 days to sell continues. Slow-selling properties went for only 84% of their original list prices in 2024, while faster-selling properties (within 180 DOM) sold at 94% of their list prices in 2024.