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December 4, 2019

Nashville Real Estate 10 Year Challenge

Oh how times have changed, Nashville!  We've seen a boom in both residential and commercial real estate over the last 10 years.  The increased density of the downtown skyline is impossible to miss.  In this blog, however, we'll focus on the changes we've seen in housing.

*The data compiled is from the last 12 months vs the same period 10 years ago…single-family site-built only.  The photos represent homes that sold at the median price in that timeframe.

Davidson County

2009
Median Sq Ft: 1,716
Median Sales Price: $156,000
# of Homes Sold: 5,801

 

 

2019
Median Sq Ft: 1,895  (up 17.42%)
Median Sales Price: $309,996  (up 98.72%)
# of Homes Sold: 9,664  (up 66.59%)

 

 

Williamson County

2009
Median Sq Ft: 2,960
Median Sales Price: $340,000
# of Homes Sold: 2,340

 

 

2019
Median Sq Ft: 3,084  (up 4.19%)
Median Sales Price: $539,900  (up 58.79%)
# of Homes Sold: 5,346  (up 128.46%)

 

 

Rutherford County

2009
Median Sq Ft: 1,689
Median Sales Price: $146,375
# of Homes Sold: 3,342

 

 

2019
Median Sq Ft: 2,114  (up 25.16%)
Median Sales Price: $280,000  (up 91.29%)
# of Homes Sold: 5,959  (up 78.31%)

 

 

Wilson County

2009
Median Sq Ft: 1,975
Median Sales Price: $185,000
# of Homes Sold: 1,409

 

 

2019
Median Sq Ft: 2,351  (up 19.04%)
Median Sales Price: $338,000  (up 82.70%)
# of Homes Sold: 3,058  (up 117.03%)

 

 

Sumner County

2009
Median Sq Ft: 2,042
Median Sales Price: $178,000
# of Homes Sold: 1,980

 

 

2019
Median Sq Ft: 2,141  (up 4.85%)
Median Sales Price: $290,000  (up 62.92%)
# of Homes Sold: 3,868  (up 95.35%)

 

 

Robertson County

2009
Median Sq Ft: 1,537
Median Sales Price: $139,900
# of Homes Sold: 626

 

 

2019
Median Sq Ft: 1,741  (up 13.27%)
Median Sales Price: $232,000  (up 65.83%)
# of Homes Sold: 1,146  (up 83.07%)

 

 

Davidson, Rutherford and Wilson saw the most explosive growth in home size and median home price, while Williamson and Wilson saw the biggest uptick in volume.

*Nashville 2020 Skyline credit to Mao Zedong

 

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