37205, Nashville, TN Homes for Sale

37205, Nashville, TN Property Listings
April 21, 2024
563
Listed
64
Avg. DOM
$434.39
Avg. $ / Sq.Ft.
$1,100,000
Med. List Price
563 Properties
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Introduction to Nashville's 37205 Real Estate Market

37205 Nashville TN Homes

Welcome to Nashville's 37205, a zip code that's more than just an address – it's a lifestyle. Nestled in the heart of Music City, this area presents a real estate market that's as vibrant and diverse as its cultural tapestry. Currently, the market here is somewhat competitive, with a Redfin Compete Score™ of 32 out of 100, indicating a balanced market that slightly leans towards buyers.

In recent times, the average house price in 37205 has been a talking point. Last month, it stood at $955K, reflecting an 18.1% decrease compared to the previous year. But, this doesn't tell the whole story. While some homes sell for around 4% below the listing price, hot properties in high demand can sell for just about 1% below. This variability underscores the nuanced nature of the 37205 market.

Snapshot of Current Market Trends in 37205

Average Listing and Selling Prices

Let's dive into the numbers that shape 37205. The real estate market here showcases a broad spectrum of listing prices. As of now, the average listing price stands at a notable $1,888,187, with the highest-priced property reaching up to $10,995,000 and the most affordable ones starting at $245,900. When it comes to closing deals, the median sale price recently recorded was $942K, marking a significant 16.7% year-over-year increase.

Market Conditions and Sales Volume

But what about the pace of the market? Homes in 37205 typically stay on the market for around 49 days, which is a bit longer than last year's average of 36 days. This slight slowdown could be a window of opportunity for buyers. In terms of sales volume, there's been an upward trend with 114 homes sold in October this year, up from 90 last year. This increase indicates a healthy movement in the market, with more and more people finding their dream homes in this coveted zip code.

So, what does all this mean for you? Whether you're a buyer, a seller, or just a Nashville enthusiast, keeping an eye on these trends is key to understanding the pulse of 37205's real estate scene.

Breaking Down Property Types and Sizes in 37205

Nashville TN 37205 Homes

In 37205, you'll find a mix of property types that cater to a wide range of preferences and lifestyles. From quaint single-family homes to luxurious apartments, this zip code has it all. The properties here vary in size, offering something for everyone, whether you're looking for a cozy space or a sprawling estate.

When it comes to square footage, homes in 37205 boast generous living spaces. Properties range widely, with some offering expansive areas well over 3,000 square feet, perfect for families or those who love having extra room.

Architectural Styles and Designs in 37205

Popular Architectural Styles

37205 is a showcase of architectural diversity, offering a glimpse into various styles that define its landscape. You'll encounter everything from the classic American Farmhouse, with its simple yet practical designs, to the elegant and historical Antebellum homes that echo the rich history of the South.

For those with a taste for European flair, the French Provincial style offers a touch of rustic elegance. These homes, inspired by 17th- and 18th-century French manor houses, feature ornate roofs, curved top windows, and painted shutters, transporting you to the French countryside.

Diversity in Design

Each style in 37205 brings its unique charm. The Georgian Revival homes, popular between 1900-1950, are known for their symmetrical design and classic brick or stone exteriors. If modern aesthetics appeal more to you, the Contemporary style homes, with their clean lines and minimalist design, are a perfect choice.

Then, there's the Mediterranean Revival style, which gives a nod to Italian and Spanish architecture, offering luxurious villas with heavy red roof tiles and stucco exteriors. These homes are perfect for those seeking an exotic retreat within the city.

No matter your preference, 37205's architectural variety ensures there's a style that resonates with everyone.

Understanding Pricing: From Entry-Level to Luxury Homes

Nashville Homes

In 37205, the real estate market offers a wide range of prices to fit various budgets. The entry-level homes start at an inviting price of around $245,900. This affordable range is perfect for first-time homebuyers or those looking for a cozy, manageable space. On the other end of the spectrum, luxury homes in this zip code can soar to heights of $10,995,000, offering opulent features and expansive properties.

The luxury segment boasts homes with custom designs, state-of-the-art upgrades, and amenities like private pools, large outdoor spaces, and advanced home automation systems. These properties aren't just houses; they're lifestyle choices for those who seek the finest in residential living.

Real Estate Dynamics: Sales Volume and Time on Market

Sales Volume Insights

The sales volume in 37205 reflects a vibrant real estate market. With 114 homes sold in October this year, up from 90 last year, the area sees a healthy flow of transactions. This uptick in sales volume indicates a growing interest in the area, with more people eager to call 37205 their home.

Understanding Time on Market

Time on market is a crucial indicator of the real estate pulse in 37205. Currently, homes stay on the market for about 49 days, a slight increase from the 36 days average last year. This gives potential buyers a fair amount of time to make informed decisions without the pressure of a rapidly moving market. However, hot properties in high-demand areas can move faster, highlighting the importance of being prepared and decisive in your home buying journey.

Key Factors Influencing 37205's Housing Market

Several factors contribute to shaping the housing market in 37205. One key aspect is the influence of local schools. For instance, Julia Green Elementary School, with its impressive GreatSchools Rating of 8/10, adds value to the neighborhood, making it an attractive option for families. The quality of schools is a significant consideration for many homebuyers and can greatly influence property values.

Environmental factors also play a crucial role. In 37205, properties face various risks such as flooding, wildfire, and severe wind events. For example, 19% of properties are at risk of severe flooding over the next 30 years, while 39% face some risk of being affected by wildfire. These factors are crucial for buyers to consider, especially when it comes to insurance and long-term investment security.

Future Projections: Growth and Development in 37205

Looking ahead, 37205 shows promising growth and development prospects. The area has been experiencing a steady increase in property values, making it an appealing choice for investors and homebuyers alike. With the median sales price currently at $975,485.26 and showing a positive trend, the market appears robust.

Moreover, upcoming developments in infrastructure and amenities are set to further enhance the livability and appeal of 37205. These developments are not only expected to boost property values but also to enrich the community life, making 37205 an even more desirable place to live and invest in.

37205's Neighborhoods: Diversity and Desirability

37205 isn't just a zip code; it's a collection of vibrant neighborhoods, each with its unique charm and character. These neighborhoods offer a variety of lifestyles, from bustling urban areas to tranquil, leafy streets. Whether you're looking for a close-knit community vibe or the convenience of city living, 37205 has a neighborhood that fits the bill.

Investing in 37205: What Buyers and Investors Need to Know

For those considering investing in 37205, the market presents a wealth of opportunities. With a mix of architectural styles, from historic Antebellum homes to modern Contemporary designs, and a range of prices, 37205 caters to a diverse range of preferences and budgets. The area's growth prospects, combined with its strong educational institutions and unique neighborhoods, make it a smart choice for both long-term residents and investors.

In summary, Nashville's 37205 is a dynamic real estate market, characterized by its competitive pricing, diverse property types, and a range of architectural styles. The area's educational institutions and environmental factors play a significant role in shaping its market dynamics. Looking forward, 37205 is poised for growth, with promising developments on the horizon. Its diverse neighborhoods offer something for everyone, making it an attractive option for buyers and investors alike. If you're looking to make a move or invest in Nashville, 37205 is a zip code that deserves your attention.