Nashville's Home Market Analyzed: Zillow Reveals The Trends And Patterns

Verkkoaccording to data from greater nashville realtors®, may 2024 saw a modest yet encouraging 2 percent increase in home closings, totaling 3,509, compared to 3,436 closings in may 2023.

Learn more about the nashville housing market and real estate trends.

Examining the numbers more closely reveals a nuanced picture of the current market.

Verkkothe average home value in nashville, tn is $432,956, up 1. 0% over the past year.

Verkkoduring 2020, there were 44,148 closings in the greater nashville region.

Verkkonashville rents are on a similar trajectory as home prices, up over 5% compared to the previous year but steadily trending downward, per the zillow observed rent index.

This was a 7. 64% increase from the 41,016 closings the year prior.

Verkkozillow says homes in nashville are now worth a total of $267 billion, making nashville the 29th most valuable out of the 50 largest u. s.

The current median rent (as.