Nashville, Tennessee started 2024 with a total of 987 single-family homes on the market, with a median home price of $730,000 and an average price per square foot of $400.54. By the end of the year, inventory had increased to 1,489 homes on the market (+51%), with a median home price of $665,900 (-9%), and an average price per square foot of $378 (-6%).
At the start of 2024, the median days on market (DOM) was 70 days – by the end of the year, median DOM had increased to 84 days.
Nashville, Tennessee started the year with 44.88% of homes taking a price cut. (For reference, 35% is the national average for price reductions in a "normal" year.) By the end of the year, about 46.61% of homes for sale had taken a price cut.
