Alright, friends, I’m excited to share the latest real estate scoop in our wonderful neighborhoods of McFerrin Park, Cleveland Park, and Highland Heights! Let’s dive into March 2023.
We had a total of 12 properties close, matching February’s numbers. Now, the median list price per square foot increased from $357 to $377, and the median sales price per square foot followed suit. Properties sold a bit quicker, with median days on the market dropping from 14 to 12 days.
However, the median contract-to-close days took slightly longer—35 days in March compared to 32 in February. The average sales price to list price percentage remained relatively stable, dipping just slightly from 98.93% to 98.42%.
Our market inventory experienced some growth, with active properties increasing from 26 to 28 while pending properties dropped from 30 to 25. Additionally, the average sales price decreased from $620,292 in February to a more budget-conscious $498,167 in March, offering more options for potential buyers in our fantastic community!
Stay tuned for more monthly market stats for our combined neighborhoods. Please don’t hesitate to reach out if you have any real estate or home value questions, I’d be happy to chat!
Nick Irwin • BaseNashville • 615.418.0563 • email@example.com
Village • 615.383.6964
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.