Cleveland Park & East Nashville Real Estate: What July 2025 Numbers Reveal About McFerrin Park, Cleveland Park & Highland Heights

What does the July 2025 housing data tell you about buying or selling in McFerrin Park, Cleveland Park, or Highland Heights?

The latest numbers show an active, shifting market with both opportunities and challenges for buyers and sellers alike. Let’s dig into what it all means for you as a homeowner, future buyer, or real estate investor.

A Surge in Closings Signals Renewed Buyer Activity

July 2025 saw 21 closings across McFerrin Park, Cleveland Park, and Highland Heights — up 50% from just 14 closings in July 2024. This signals renewed buyer confidence despite broader market hesitations elsewhere in Nashville.

What’s behind the uptick?

• More listings hit the market: 39 new listings in July, up from 26 the previous year.
• Tight competition for well-priced homes
• Lingering buyer demand from spring and early summer

If you’re thinking of selling, this surge could point to a good window before the fall slowdown.

Average Sale Price Took a Dip — But Here’s the Full Story

The average sale price dropped significantly year-over-year, from $658,957 in July 2024 to $486,301 in July 2025 — a 26% decrease.

At first glance, that looks like bad news for sellers. But averages can be misleading, especially in smaller submarkets. Here’s why:

• The median sale price only dropped 15% ($609,950 to $520,000), which better reflects the midpoint of sales.
• The higher-end market was slower in July, skewing the average downward.
• More homes closed in the lower to mid-price ranges, suggesting first-time buyers are active.

If you’re buying, this could be a strategic moment to enter the market.

Homes Are Taking Longer to Close

One of the biggest shifts is in how long it’s taking to move from list to close:

• List-to-contract time jumped to 152 days (up from 44 days)
• Contract-to-close timeline is now 49 days (up from 28 days)
• Total list-to-close time averages 284 days (a 109% increase)

This suggests:

• Buyers are negotiating more
• Some listings may be overpriced initially
• Financing and inspections are taking longer

If you’re selling, accurate pricing and good preparation matter more than ever.

Inventory and Supply: A Balancing Act

• Active inventory is down 12%, while under-contract inventory rose 18%.
• Months of supply dropped from 6.47 to 3.95, signaling a shift toward a more balanced (possibly even seller-leaning) market.

That means:

• There are fewer homes available
• Buyers may need to act fast when they see the right fit
• Sellers have an opportunity to stand out in a less crowded market

What This Means for Sellers

If you own a home in McFerrin Park, Cleveland Park, or Highland Heights, here are three key takeaways:

1. Your window to sell is still open, especially with inventory tightening.
2. Pricing matters more than ever — buyers are price-sensitive, and time on market is up.
3. Presentation counts — homes that show well and are move-in ready tend to sell faster.

Want to know what your home could sell for right now? Let’s talk.

What This Means for Buyers

Despite the recent dip in average sale prices, competition is still real. Here’s what you should know:

• There are more listings, so you have choices
• Some sellers are motivated, especially if they’ve been on the market a while
• Financing delays are common, so getting pre-approved matters

You might not have to rush into a bidding war, but you also shouldn’t sleep on the right house.

Final Takeaway: Real Estate in McFerrin Park, Cleveland Park & Highland Heights is Active, But Strategic

This part of East Nashville is still a strong long-term bet — and July’s numbers prove that buyers and sellers are both active. But it’s not the same market it was a year ago.

Whether you’re selling, buying, or just watching the market, having an expert who understands the local data can give you a major edge.

Want more market updates like this? Follow me on social for real-time insights, local listings, and East Nashville real estate tips that help you stay ahead.

Nick Irwin, REALTOR® & Listing Expert Serving McFerrin Park, Cleveland Park & Highland Heights

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Reach out if you are curious about your home’s current value!

Nick Irwin | BaseNashville
nick@basenashville.com
615.418.0563
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ONWARD | 615.656.8599

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