Base Nashville Real Estate Market Stats

August 2023

With the curtains drawing on a vibrant summer, I wanted to provide an update on the real estate tempo of August. Having sifted through the data, I’m eager to share these insights, especially about our cherished communities in Cleveland Park, McFerrin Park, and Highland Heights.

1. Pulse of the Properties:

• New Homeowners: In August, 23 homes found their new custodians, illustrating a dynamic market.
• Awaiting Ownership: 41 properties are still looking for their match.
• On the Cusp: Another 22 homes are nearing their sale completion.

2. The Financials:

• Listing Price Per SqFt: Homes were listed at a median of $380 per square foot.
• Closing Price Per SqFt: They sold very close to their list price, at $376 per square foot.
• Median Sales Price: Homes settled at a median price of $505,499.

3. Timeframes:

• Quick Decisions: On average, homes were on the market for a mere 3 days.
• From Agreement to Key Exchange: It took about 32 days to close a deal.

4. Achieving Value:

Did you know? Homes in August sold for an incredible 99.77% of their listing price. If you’re a seller, this stat should have you grinning!

In Retrospect:

Each month is like a chapter in the East Nashville real estate story. And August? It reaffirmed the allure and vitality of our local scene. The essence? The magnetism of East Nashville – with its mix of history, community, and charm – remains undiminished.

To all the fresh faces in the neighborhood, a hearty welcome! And for those pondering their next move or simply intrigued by property trends, remember, our community thrives on connection. Don’t hesitate to reach out.

Here’s to the ever-evolving tapestry of our neighborhood!

Talk to you all next month!

Nick Irwin | 615-418-0563 | nick@basenashville.com