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Nashville’s “Split” Housing Market - what that means
- wendymonday
- Sep 29
- 1 min read
Updated: Sep 30
Some homes fly off the market with multiple offers,
while others sit for months needing price cuts.
It’s a Tale of Two Nashvilles
Some areas still feel red-hot. Others are cooling off.
It’s not one market — it’s a collection of micro-markets, each responding differently to affordability, demand, and supply.
The Numbers Tell the Story
Median home prices hover around $485,000, up 6.6% year-over-year.
Average sale prices have climbed to $853,811, though slightly skewed higher by luxury sales.
Days on market have increased from 56 to 69 days
Nearly half of all active listings (42%) had price reduction.
Inventory is up 29% year-over-year
That combination — rising inventory, more price adjustments, and uneven activity — is what a “split market” looks like.
What This Means for Buyers and Sellers
For sellers:
Pricing strategy matters more than ever. Today’s buyers are educated, patient, and quick to move on from overpriced homes. Staging, presentation, and smart marketing can make the difference between a 7-day sale and a 70-day one.
For buyers:
You may have more leverage than you think — especially in slower-moving price ranges or neighborhoods with growing inventory. But don’t wait too long: homes in strong segments are still moving quickly and selling close to list price.
The Bottom Line
The “Nashville market” doesn’t move as one.
Understanding where it’s strong (and where it’s soft) gives you an edge.
If you’d like a market breakdown for YOUR neighborhood, reach out to me — I’m happy to run the numbers and talk strategy.
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