Slyvan Park The Nations 2023 Real Estate Market Report Realtor

37209 Area (Sylvan Park, Sylvan Heights, The Nations, Charlotte Park) Real Estate Market Update - December 2023
Nashville, TN / USA - (last modified February 12, 2024 at 6:00am )

December 2023 in the 37209 area, encompassing Sylvan Park, Sylvan Heights, The Nations, and Charlotte Park, showcased vibrant real estate activity. Known for its blend of urban convenience and suburban charm, the area continues to attract a wide range of residents, contributing to its dynamic real estate market.

Key Metrics at a Glance:

Metric December 2023 Month-over-Month Change Year-over-Year Change
New Listings 66 31% Increase 40% Increase
New Under Contract 40 5% Increase 67% Increase
Active Inventory (Avg) 223 12% Increase 45% Increase
Under Contract Inventory (Avg) 59 2% Increase 17% Increase
Total Inventory 283 9% Increase 38% Increase
Closings 51 38% Increase 46% Increase
Sale Price (Avg) $690,000 15% Increase 8% Increase
Sale Price (Med) $659,000 10% Increase 3% Increase
Avg DOM (Closed) 34 Days 20% Increase 37% Increase
Avg List Price (Active) $851,673 No Change 7% Increase
List to Contract (Avg) 67 Days 68% Increase 28% Increase
Contract to Closed (Avg) 32 Days 41% Increase 17% Increase
List to Closed (Avg) 76 Days 27% Increase 34% Increase
Months of Supply 5.18 35% Increase 4% Increase

Days on Market Dynamics

The days on market for closed properties saw an increase to 34 days, signaling a slight shift in the market's pace, potentially offering more room for buyer-seller negotiations.

Inventory Insights

The total inventory rose significantly, reflecting the area's appeal and a market that offers a diverse range of housing options to prospective buyers.

Price Trajectory

The average sale price in the 37209 area continued its upward trajectory, showcasing the enduring allure and robust market conditions of the neighborhoods within this ZIP code.

As we step into the new year, the 37209 area stands out with its distinctive blend of neighborhood charm and urban appeal, promising exciting opportunities for those looking to be part of this vibrant Nashville community.

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