Base Nashville Real Estate Market Stats

May 2023

Hey Neighbors! The real estate market in McFerrin Park, Cleveland Park, and Highland Heights witnessed some interesting trends and figures for the month.

Let’s delve into the details and gain insights into the local neighborhood real estate market. In May 2023, a total of 15 listings were closed in the neighborhoods of McFerrin Park, Cleveland Park, and Highland Heights. The closed listings in May 2023 showcased varying property sizes, with the minimum square footage at 910 sq ft and the maximum at 3,310 sq ft. On average, the properties had approximately 1,890 sq ft of living space, while the median size stood at 1,807 sq ft.

The list prices of the closed listings ranged from $369,900 to $950,000. On average, the list price was around $630,100, while the median list price stood at $590,000.

The sales prices also spanned a wide range, from $355,000 to $950,000. The average sales price was $625,893, and the median sales price was $600,000. These figures indicate the range of prices at which properties were being listed and sold, reflecting the diversity of the local real estate market. On average, the closed listings spent approximately 22 days on the market before being sold. The shortest time on the market was 0 days, indicating properties that eager buyers quickly snatched up.

The longest time on the market was 77 days, highlighting properties that required more time to find a buyer. The average list-to-close time, representing the duration between listing a property and closing the sale, was around 37 days.: The May 2023 real estate market statistics for McFerrin Park, Cleveland Park, and Highland Heights demonstrate a dynamic and diverse local housing market.

With a range of property sizes, bedrooms, bathrooms, prices, and ages, these neighborhoods provide options to suit various preferences and budgets. Whether you’re searching for a historic home or a modern property, our neighborhood offers a vibrant real estate landscape worth exploring. Check out even more details on my youtube channel, where I give a monthly breakdown here!

Nick Irwin • BaseNashville

? 615.418.0563

✉️ nick@basenashville.com

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PARKS ?615.383.6964

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