Is Nashville, MI a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since May 2023
Since last year, Nashville has remained a Seller's Market.
Key Takeaway
Nashville is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices in Nashville, MI
How much do homes in Nashville, MI cost?
Median Sold Price
$200,000
$138/sqft
Based on all homes sold in the last 12 months.
Difference Since May 2023
Key Takeaway
Homes in Nashville have sold for 13.3% more than they did a year ago.
Summary: The median home sold price in Nashville was $200,000 in May 2024, up 13.3% from last year, and the median price per square foot was $138.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | May 2023 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $75K | $300K | +300.0% |
| 2 Bedrooms | $155K | $128K | -17.4% |
| 3 Bedrooms | $168.2K | $204K | +21.3% |
| 4 Bedrooms | $210K | $300.5K | +43.1% |
| 5+ Bedrooms | $235K | $192.5K | -18.1% |
Summary: Nashville housing prices by bedroom type for May 2024 compared to the previous year: The home price of 1 bedroom homes increased by 300%, 2 bedroom homes decreased by 17.4%, 3 bedroom homes increased by 21.3%, 4 bedroom homes increased by 43.1%, and 5+ bedroom homes decreased by 18.1%.
Median Sold Price Compared To Nearby Cities
| Vermontville Township | $165K | $199.9K | +21.2% |
| Nashville | $176.5K | $200K | +13.3% |
Housing Supply in Nashville, MI
How many homes are available in Nashville, MI?
Number of Homes For Sale
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 8 | 9 | +12.5% |
Summary: The Nashville real estate market had 9 homes for sale in May 2024, a 12.5% increase compared to April 2024.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Apr 2024 | May 2024 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 0 | -100.0% |
| 2 Bedrooms | 0 | 1 | +100.0% |
| 3 Bedrooms | 5 | 6 | +20.0% |
| 4 Bedrooms | 1 | 1 | 0.0% |
| 5+ Bedrooms | 1 | 1 | 0.0% |
Summary: The Nashville housing inventory by bedroom type for May 2024 compared to the previous month: The inventory of 1 bedroom homes decreased by 100%, 2 bedroom homes increased by 100%, 3 bedroom homes increased by 20%, 4 bedroom homes remained the same, and 5+ bedroom homes remained the same.
Number of Homes Sold
| Apr 2024 | May 2024 | CHANGE |
|---|---|---|
| 3 | 3 | 0.0% |
Asking Price vs. Sold Price
1 Home Was Sold
Under Asking
1 Home Was Sold
At Asking
1 Home Was Sold
Over Asking
Key Takeaway
If you're buying a home in Nashville, you may be able to get a good deal. 33.3% of homes here sold below asking price last month.
Summary: A total of 3 homes were sold or pending in Nashville in May 2024, the same as the previous month. Of the 3 sold homes, 33% were sold under asking, 33% were sold at asking, and 33% were sold over asking.
Days on Market for Nashville, MI
How long does it take to sell a home in Nashville, MI?
Average Sale Time
| May 2023 | May 2024 | CHANGE |
|---|---|---|
| 5 Days | 11 Days | +100.0% |
Summary: Homes in Nashville had an average of 11 days on market in May 2024, up by 100% compared to last year.
Breakdown of Home Sale Times
3 Homes Were Sold
Under 30 Days
0 Homes Were Sold
In 30 - 90 Days
0 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Nashville are selling fast, if you're buying plan to act quickly.
Summary: During May 2024, 3 homes were sold in Nashville; 100% of homes were sold within 30 days, 0% of homes were sold within 30 to 90 days, and 0% of homes were sold over 90 days.
Listing information is provided in part by the IDX Program of the MLS of the Greater Lansing Association of REALTORS®. IDX information is provided exclusively for Consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS.