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.
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
926 Woodland St, Unit 109
Nashville, TN 37206
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).
2330 Riverside Dr
Nashville, TN 37216
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.
615 Galaxie Dr
Nashville, TN 37209
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.
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.
204 Wauford Dr
Nashville, TN 37211
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?
by TJ AndersonWith the continued influx of new Nashvillians from more
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