Base Nashville Real Estate Market Stats

January 2019

2019 is off to a good start for real estate in our combined neighborhoods of Cleveland Park, McFerrin Park, and Highland Heights.

A total of thirteen properties closed in the month of January 2019 – the exact same number as in January 2018.  Our Median list price per foot was $228 per foot and sales price was $214 per foot.  Properties are staying on the market just a bit longer as reflected by the median days on market; up to 51 for the month.  Average sales price for the month of January was $315,761 (average sales price for January 2018 was $288,032)

What does all of this mean?

1. If you purchased a home in the neighborhood only one year ago, you could be sitting on some serious equity – good job!

2. If you are looking to purchase a home in the neighborhood, homes are selling at 97% of list price and within two months.

3. If you are looking to list your home in the neighborhood, there is little competition and homes are selling quickly and for very close to asking price.