Base Nashville Real Estate > Market Stats > February 2023

Base Nashville Real Estate Market Stats

February 2023

Hi neighbors, the numbers for last month are in for Cleveland Park, McFerrin Park, and Highland Heights. I keep up with these numbers so I can stay in touch with the neighborhood trends, and also, you can get an idea of a general sense of value. Many factors can influence a home’s value, but keeping an eye on the price points around you for homes that are similar to yours can help at least give you a range of your home’s worth.

In February 2023, a total of 12 properties closed, with a median list price per square foot of $357 and a median sales price per square foot

of $350. The median days on market for these properties was 14, while the median contract-to-close days was 32. We’re seeing these numbers relax a bit, especially compared to two years ago when a home would only stay on the market for 24 hours, if that. So it’s good to see the balance returning and buyers and sellers getting a fair shot.

The average SP/LP% (sales price to list price ratio) was 98.93%, indicating that properties sold very close to their asking price (asking price = 100%). There were 26 active properties and 30 pending properties during the month, suggesting a strong market demand.

The average sales price for February 2023 was $620,292, indicating a continued upward trend in the local real estate market. This is typical for the spring market – as the weather heats up, so does the real estate market.

Let me know if you’re curious about what your home is worth; I’d be happy to check that for you. ALSO, don’t forget the BaseNashville Community Yard Sale is coming up on Saturday, April 1st. Check out the BaseNashville Fb page for more details!

Need Help?

615-418-0563 nick@basenashville.com

Base Nashville Real Estate Market Stats

February 2023

Total Properties Sold

Median List Price Per Square Foot

Median Sales Price Per Square Foot

Median Days on Market

12

$357

$350

14