The Median Home Price In Nashville Breaks A Record Again

Dated: 04/10/2017

Views: 366

by TJ Anderson


Image title



It’s the busy spring home-buying and home-selling season in Nashville, but unsurprisingly, it’s already looking busier than ever before.


New figures for March 2017: Closings rose almost 9 percent from a year ago, close to tying the best March on record, and the median price for a single-family home in the Nashville area jumped almost 12 percent from last year, to $273,500. That’s another new record for our area.


This might feel like frustrating news if you’re a buyer (or great news if you’re a potential seller). What I’d say is worth taking from it: Nashville real estate hasn’t peaked yet.


If you’ve been on the fence about whether to look into buying a home in Nashville, these steady record-breaking numbers might encourage you to pick up the pace. We can never predict when selling prices might dip or jump, but personally, I don’t see a drop on the immediate horizon.


There are new options available to make buying a home in the Nashville area more approachable too, like the Great Choice Plus downpayment assistance program — I’m happy to share more about it, and offer whatever other home-buying advice you might want or need (including introducing you to helpful financing folks). 


Meantime, let’s take a look at what that median price looks like here right now. Below, a few properties plucked from the MLS all around town, hovering around that asking price. It should give you an indication of what you can expect where, and where your budget and expectations mesh or don’t mesh.


Median-price homes in the Nashville area, spring 2017


{mls: 1815940}

926 Woodland St, Unit 109

Nashville, TN 37206

$275,000

We’ve all watched East Nashville’s rapid rise — that median price, right now, is on the low end for homes for sale in 37206, especially if you’re looking close to the busy retail/restaurant hubs in the neighborhood. Lofts and condos are a good option at that price point, like this East End Lofts unit, with 2 beds and 2 baths. It’s a quick walk from 5 Points, shouting distance from cool East Side hangs like The Basement East and Edley’s Bar-B-Que, and stocked with cool loft style (like concrete floors).


{mls: 1807682}

2330 Riverside Dr

Nashville, TN 37216

$275,000

If you head a little north in East Nashville to Inglewood, this 2-bed, 1-bath home is pretty typical of what you can expect at that median asking price. Some updates here, plus solid potential if you’re willing to do the sweat-equity thing. Great location and property, too — a private half acre, walking distance from Riverside Village and its many dining options.


{mls: 1815249}

615 Galaxie Dr

Nashville, TN 37209

$280,000

Charlotte Park in West Nashville is coming up fast, but there are still great finds at a well-under-par per-square-foot price. Like this mid-century brick home, with more than 2000 square feet, 4 beds and 2 baths. If you prefer original touches to be in place, you’ll find time capsules here, like ‘60s bathroom tile and what looks to be the original kitchen. If you’re gunning for a rehab, you’re starting with a good amount of space and a rising location, and those beloved mid-century-ranch bones.


{mls: 1803987}

1835 11Th Ave N

Nashville, TN 37208

$279,900

There’s a lot happening in the Buchanan Arts District right now, from home renovations to new shops and restaurants popping up regularly. (I just wrote about the beautiful design at Slim & Husky's Pizza Beeria.) On the renovated-home front: Take a look at this wholly overhauled 1930 cottage. It’d make a cool starter-home for folks wanting to invest in an area on its way up.


{mls: 1782942}

20 A Claiborne St

Nashville, TN 37210

$279,900

Looking for new construction around that median price? Chestnut Hill is another rebounding area close to downtown, where you can find new builds like this with all the expected new-build details (hardwoods, stone countertops, open layout) in that price range.


{mls: 1815607}

204 Wauford Dr

Nashville, TN 37211

$279,900

Caldwell Hall and Crieve Hall are some of my favorite treasure troves of mid-century ranches in Nashville. This 1961 Caldwell Hall home is a good indication of why — well-kept and cute, with a lot of original details that have gotten a little bit (but not too much) of modern love, like paint on the paneling and updated light fixtures.


Do you have a specific area in Nashville you want to explore, to get a better sense of what your budget gets? Or are you up for a little adventuring through the city?


We help buyers throughout Nashville, from first-time buyers to families looking for large estates. Reach out and tell us about what you’re looking for in a home — we’d love to help you find it!


Properties are listed with their own respective real estate firms, and not under agreement with TJ Anderson and/or Benchmark Realty, LLC.

Blog author image

TJ Anderson

TJ Anderson is a Nashville Realtor with Benchmark Realty who's helped countless clients both buy a home and sell a home in Nashville, Tennessee. He blogs about Nashville regularly, from Nashville-area....

Latest Blog Posts

Get Inspired By A Historic Nashville Bungalow Owned By A Young Nashville Star

by TJ AndersonLennon Stella's home, photo via People.comI was already impressed by Lennon Stella, who, by starring in TV drama Nashville, managed to build a double-threat career as an actress and

Read More

Nashville History Lesson On Pioneer John Donelson

By TJ AndersonWay back in the winter of 1779, while he was fighting the cold waters of the Cumberland alongside a hundred or so other early Middle Tennessee settlers, one figures John Donelson never

Read More

Stunning Luxury Home For Sale In Franklin Subdivision Hurstbourne Park

by TJ AndersonIf you’re looking to buy a home in Williamson County that gives you space for your family, room to entertain, lots of luxury and easy access to all that makes the area appealing: Let

Read More

Nashville Property For Sale That Lets You Build Your Dream Home In Your Dream Neighborhood

by TJ AndersonAlong with helping people buy and sell homes in Nashville, I’ve been busy over the past handful of years pursuing a related passion, and working with a team on building new homes

Read More