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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!

Total Properties Sold


Median List Price Per Square Foot


Median Sales Price Per Square Foot


Median Days on Market


I have several listings that are not yet on the MLS in our neighborhood. If you are looking to make a move OR if you want the chance to choose your neighbor – call me!


The housing market is changing. If you have been considering selling your home but aren’t sure what it is worth in today’s market, click here and get a free personalized report on the current market value of your home.


Nick Irwin Broker