Every Sunday, The Tennessean highlights a different ZIP code, as we strive to inform readers and help them navigate Middle Tennessee’s real estate market.
The Green Hills, Forest Hills and Belle Meade areas of Nashville in Davidson County are well-known parts of ZIP code 37215, home to lots of shopping, restaurants and the famous Bluebird Café. Just outside this ZIP code are Radnor Lake State Park and Warner Parks.
By the numbers, here’s what’s going on in 37215 according to data from the Greater Nashville Realtors.
Prices drop
After a huge spike the last couple of years here, the median sales price for a home in 37215 has dropped year to date. Median sales price is $1.1 million. That’s down from $1.18 million in 2022. In 2021 at about this time of year, the price was $880,500.
Homes on market longer
Homes are spending about 47 days on the market so far this year. Last year at this time, homes spent about 30 days on the market.
Closings down
Home buyers have closed on 276 homes here so far this year. By this time last year, home buyers had closed on 323 homes. Current inventory is 179 homes.
This article originally appeared on Nashville Tennessean: Housing market spotlight: Check out the trends in 37215, Green Hills area