In November, home prices fell slightly from the month before, with a median listing price of $600,000.
The number of listings on the market shrank 1.3% from last month, which is typical for this time of the year in Nashville, and homes are also selling close to the same pace as the same time last year.
Home prices in Nashville
Typically, home price per square foot in Nashville tend to fall in November. But the most recent data shows that the price per square foot remained practically unchanged compared with the month before.
So, how does this compare with the rest of the U.S.? Nationally, home price per square foot decreased 1.2%, which means price changes in Music City are outpacing the national market.
Nashville inventory
In November, there were 3,123 homes for sale in Nashville, which was 1.3% less than the month before and 11.8% more than the same time last year.
Meanwhile, active inventory across the nation fell by 2.5% from last month to 1,072,266.
Time on market
Homes in Nashville take an average of 71 days to sell, according to November figures.
This is two days more than the previous month and three days less than the same month last year.
For comparison, nationally homes spent an average of 64 days on the market in November.
Use the Realtor.com data portal to get more market data, broken down by state, metro or ZIP code.
* Here’s a live look at popular listings and recent home sales in Nashville, TN.