September Real Estate Snapshot: McFerrin Park, Cleveland Park, and Highland Heights
Hey there, neighbors! If you’ve been wondering about the real estate market in our local East Nashville hoods—McFerrin Park, Cleveland Park, and Highland Heights—I’ve got the latest scoop for you. Let’s dive right in and see how September stacked up against August.
1. Fewer Closings, Higher Prices
In September, we saw fewer listings close (14) compared to August (23), but don’t let that fool you—the average sales price actually went up a bit.
2. Size Does Matter
The average square footage of homes sold in September was significantly larger, which might account for the higher average sales price, despite a lower sales price per square foot.
3. Take Your Time, But Not Too Much
Homes are staying on the market a tad longer in September, with an average of 24 days compared to August’s 20. However, if you spot a gem, don’t wait too long; these homes are still moving relatively quickly.
4. Good Deals are Still Out There
The minimum sales price in September was $261,500, significantly lower than August’s minimum of $305,000. So, there are still deals to be found!
5. New Builds Are in the Mix
The max year built for both months was 2023, indicating that new builds are definitely a part of our local market landscape.
All in all, the market remains strong and robust. Whether you’re thinking of buying, selling, or just curious about the market, I hope you find this info useful. Got questions? You know where to find me!
Stay awesome, neighbors!
Nick Irwin | 615-418-0563 | email@example.com
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.