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Home Prices In Nashville Just Took A $33K Jump Over Last Year, The Largest Ever

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This month the median price for a single family home in Nashville surged to $294
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These numbers are starting to sound like more of the same, but this is beyond the consistent uptick in home prices over the past several years.

Home prices in Nashville just made their biggest annual leap in recorded history. That’s because inventory is low and buyers are willing to pay for the property they really want, real estate agents say.   

Last month, the median price for a single family home in Nashville surged to $294,000. Yes, it’s another all-time high. But it’s also a massive jump, nearly $34,000 more than last year’s median cost.

The culprits are familiar ones: high demand (lots of people wanting to buy here in Nashville) as well as low inventory (fewer and fewer properties to choose from).

According to Greater Nashville REALTORS, there were 10 percent fewer homes on the market this June than there was last year.  

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Meribah Knight, Senior Reporter/Producer of Special Projects

Meribah Knight is a senior reporter and producer at Nashville Public Radio. She’s the host and creator of the Peabody Award-winning podcast, The Promise as well as Serial’s recent podcast The Kids of Rutherford County.

Her reporting on race and inequality in public schools prompted a wholesale shift in enrollment and attitudes toward school choice in one Nashville neighborhood. And her reporting on the juvenile justice system in Rutherford County, Tenn., led to the retirement of its juvenile judge and new oversight of its juvenile detention center.

Knight has received numerous national awards for her reporting, including the George Foster Peabody Award and the George Polk Award. Knight was also a finalist for the Pulitzer Prize, the Goldsmith Award, and twice a finalist for a National Magazine Award. Knight received her master’s degree in journalism from Northwestern University.

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