Is East Nashville, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, East Nashville has remained a Seller's Market.
Key Takeaway
East Nashville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in East Nashville, TN
How much do homes in East Nashville, TN cost?
Median Sold Price
$549,311
$333/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in East Nashville have sold for 4.5% less than they did a year ago.
Summary: The median home sold price in East Nashville was $549,311 in May 2024, down 4.5% from last year, and the median price per square foot was $333.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $324.9K | $293.5K | -9.7% |
| 2 Bedrooms | $420.4K | $420K | -0.1% |
| 3 Bedrooms | $590.1K | $559.9K | -5.1% |
| 4 Bedrooms | $784.2K | $778.3K | -0.8% |
| 5+ Bedrooms | $954.9K | $1.0M | +9.3% |
Summary: East Nashville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes decreased by 9.7%, 2 bedroom homes decreased by 0.1%, 3 bedroom homes decreased by 5.1%, 4 bedroom homes decreased by 0.8%, and 5+ bedroom homes increased by 9.3%.
Median Sold Price Compared To Nearby Neighborhoods
| East Nashville | $575K | $549.3K | -4.5% |
| East Hill | $650K | $615.9K | -5.2% |
| Capitol View | $359.9K | $335K | -6.9% |
Housing Supply in East Nashville, TN
How many homes are available in East Nashville, TN?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 594 | 655 | +10.3% |
Summary: The East Nashville real estate market had 655 homes for sale in May 2024, a 10.3% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 30 | 34 | +13.3% |
| 2 Bedrooms | 90 | 107 | +18.9% |
| 3 Bedrooms | 297 | 299 | +0.7% |
| 4 Bedrooms | 146 | 175 | +19.9% |
| 5+ Bedrooms | 31 | 40 | +29.0% |
Summary: The East Nashville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes increased by 13.3%, 2 bedroom homes increased by 18.9%, 3 bedroom homes increased by 0.7%, 4 bedroom homes increased by 19.9%, and 5+ bedroom homes increased by 29%.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 128 | 113 | -11.7% |
Asking Price vs. Sold Price
48 Homes Were Sold
Under Asking
32 Homes Were Sold
At Asking
33 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in East Nashville, you may be able to get a good deal. 42.5% of homes here sold below asking price last month.
Summary: A total of 113 homes were sold or pending in East Nashville in May 2024, down by 11.7% month-over-month. Of the 113 sold homes, 42% were sold under asking, 28% were sold at asking, and 29% were sold over asking.
Days on Market for East Nashville, TN
How long does it take to sell a home in East Nashville, TN?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 17 Days | 30 Days | +74.8% |
Summary: Homes in East Nashville had an average of 30 days on market in May 2024, up by 74.8% compared to last year.
Breakdown of Home Sale Times
84 Homes Were Sold
Under 30 Days
21 Homes Were Sold
In 30 - 90 Days
8 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in East Nashville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 113 homes were sold in East Nashville; 74% of homes were sold within 30 days, 19% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2024 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.