For the month of August, our combined neighborhoods of McFerrin Park, Cleveland Park and Highland Heights had 27 closed homes with a median list price per foot of $250. Those homes are closing with a median sales price per foot if $246 (so very close to the asking price in most cases).
The median days on market is 4.
Our inventory (homes available for purchase) is very limited in middle Tennessee but specifically in our neighborhoods. With only 30 active listings and 52 pending sales (at the time of this writing) this tight inventory trend should continue.
Average sales price for August was $348,889
I have several listings that are not yet on the MLS in our neighborhood. If you are looking to make a move OR if you want the chance to choose your neighbor – call me!
The housing market is changing. If you have been considering selling your home but aren’t sure what it is worth in today’s market, click here and get a free personalized report on the current market value of your home.