The Nashville area saw 2,842 home closings in December and 33,935 homes sold for 2024.

According to a Greater Nashville Realtors (GNR) press release, the figures compare to 2,463 closings in December 2023 (an increase of 15 percent) and 33,429 closings for 2023 (up 1 percent).

Collyn Wainwright

Collyn Wainwright

For comparison with the monthly number, the Nashville area saw 2,567 home closings in November and 2,841 home sales in October.

The GNR release notes the median price for a single-family home in December was $500,000, an increase from the $470,000 mark of December 2023. The single-family home median price figure also was $500,000 in November. The mark was $490,000 in October, $467,000 in September and $485,000 for August 2024.

The median price for a condominium in December was $341,520, an increase compared to the $340,000 figure of December 2023, and a decrease compared to the $350,000 mark of November 2024.

For comparison, in February 2023 the median prices for a residential single-family home and a condo were $478,870 and $339,990, respectively.

There were 1,593 sales pending at the end of December, compared to 1,704 pending sales at the conclusion of the same month in 2023.

Inventory at December’s end was 10,109, a 15 percent increase from the 8,727 active listings reported for the same period in 2023. The area continues to see an approximately four-month inventory supply, GNR statistics show.

The release notes the average number of days on the market for a residence in December was 50. The mark was 49 days for November, 48 days for October, 46 days for both September and August, and 42 days for July. For context, February 2024 registered 59 days and January recorded 57. In 2023, homes often sold in no more than 40 days.

The fourth quarter of 2024 saw 8,250 closings for GNR's Middle Tennessee coverage area, a mark that is a 9 percent increase from the 7,543 closings during the Q4 2023.

The five zip codes offering the most affordable homes based on 2024 median sales price were as follows:

37217 – Priest Lake – $328,000

37115 – Madison – $345,000

37072 – Goodletsville – $360,000

37138 – Old Hickory – $370,000

37013 – Antioch – $375,000

The five zip codes with the most closings in 2024 were as follows:

37013 – Antioch – 1,064

37211 – Crieve Hall – 885

37209 – Sylvan Park – 831

37207 – North Nashville – 786

37076 – Hermitage – 763

Conventional 30-year fixed-rate mortgages offer an average interest rate of about 6.9 percent, according to various online sources. The figure had dipped to about 6.4 percent in August before steadily rising since then.

“The real estate market in Middle Tennessee continues to show resilience, as evidenced by the 1 percent increase in total sales for 2024,” Collyn Wainwright, Greater Nashville Realtors 2025 president, said in the release.

The GNR data was collected from Cheatham, Davidson, Dickson, Maury, Robertson, Rutherford, Sumner, Williamson and Wilson counties.

This article was first published by our sister publication the Nashville Post.