Tnrealestateblog's Blog

December 27, 2013

Gallatin TN & Sumner County 2013 Home Sales Statistics

Filed under: Home Sales Statistics — Tags: — tnrealestateblog @ 4:37 am

Gallatin TN and Sumner County Home home sales have increased this year in both volume and median price!  When considering single family home sales between January and November, the median sale price is up 6.6% from 2012 to 2013!  The median sale price for 2013 surpassed the median sale prices for the past 7 years!  This doesn’t necessarily mean that every home is worth more than previous years but the local market as a whole has greatly improved and is moving out of the down market we’ve experienced the past several years.  Similarly, the sales volume for 2013 has surpassed the volume of 2006 and 2007.  Also, the median Days on Market has dropped and homes are selling faster than they have in 6 years!

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Please note that real estate market conditions vary based on the specific location, condition and price point.  Ultimately, buyers are looking for value.  If a home is well presented and priced according to market, it will sell.  Everyone wants to get a good deal on the home they purchase.  Please give me a call at 615-260-5858 for more specific information regarding the area where you plan to sell or buy!  Visit my Real Estate Statistics Page at www.TiffanyWhite.com to see market reports for other Middle TN cities. The charts were created based on closed homes sales in MLS. 

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Below are the detailed yearly numbers from the Greater Nashville MLS.  Feel free to contact me if you have questions about this information.

 

Year 2006    715 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 1 1 1 $15,900 $15,925 0
AVG 2,102 3.15 2.05 $223,711 $220,534 69
MEDIAN 1,900 3 2 $173,325 $172,500 60
MAX 8,564 6 5 $1,450,000 $1,350,000 658
Year 2007    700 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 660 0 0 $20,999 $18,000 0
AVG 2,156 3.21 2.09 $236,940 $229,641 86
MEDIAN 1,974 3 2 $186,950 $185,000 74
MAX 7,721 6 6 $1,978,850 $1,675,000 818
Year 2008    542 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 650 1 1 $24,900 $20,000 0
AVG 2,213 3.21 2.11 $239,392 $230,858 80
MEDIAN 2,002 3 2 $185,900 $184,450 69
MAX 7,786 6 5 $2,199,000 $1,795,000 442
Year 2009    442 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 702 2 1 $19,000 $18,000 0
AVG 2,212 3.19 2.07 $219,651 $208,639 106
MEDIAN 2,062 3 2 $184,250 $180,000 81
MAX 8,564 5 5 $1,350,000 $1,017,500 715
Year 2010    436 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 575 0 1 $11,500 $7,500 0
AVG 2,212 3.16 2.14 $231,429 $220,527 94
MEDIAN 1,889 3 2 $178,289 $175,000 77
MAX 7,372 6 5 $2,495,000 $2,162,000 701
Year 2011    440 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 1 0 0 $27,900 $11,750 0
AVG 2,323 3.23 2.16 $223,080 $212,323 108
MEDIAN 2,096 3 2 $179,850 $173,450 87
MAX 8,659 6 6 $1,399,000 $1,275,000 732
Year 2012    571 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 750 1 1 $15,000 $15,000 0
AVG 2,347 3.21 2.17 $229,577 $219,597 97
MEDIAN 2,164 3 2 $189,900 $181,000 84
MAX 8,687 6 5 $2,199,900 $1,785,000 1,142
Year 2013    731 Sold Properties Found
  SF BR Full Baths List Price Sales Price DOM
MIN 768 2 0 $18,000 $18,000 0
AVG 2,274 3.26 2.18 $234,471 $228,373 75
MEDIAN 2,116 3 2 $198,900 $193,000 63
MAX 7,794 6 5 $1,800,000 $2,000,000 499
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