Nashville, TN Real Estate & Homes for Sale | realtor.com® (2024)

FAQs

What does the average realtor make in Nashville, TN? ›

Real Estate Agent Salaries in Nashville, TN

The estimated total pay for a Real Estate Agent is $230,014 per year in the Nashville Tn area, with an average salary of $134,918 per year.

Nashville, TN housing market

The median listing home price in Nashville, TN was $574.5K in June 2024, trending down -2.6% year-over-year. The median listing home price per square foot was $319. The median home sold price was $479K.

In terms of listing sources, Zillow offers a broader variety of FSBO options, while Realtor.com ensures data accuracy with its focus on licensed agents, impacting potential buyer reach for each platform.

$54,500 is the 25th percentile. Salaries below this are outliers. $90,800 is the 75th percentile.

Spring Splendor: March to May

Spring is widely regarded as the prime selling season in Nashville, TN. As temperatures begin to warm up and flowers bloom, prospective buyers emerge from winter hibernation, eager to explore new homes.

Instead, the best time to buy a home in Greater Nashville is now. Over the past decade, home values have continued to rise, and with interest rates as high as 8% recently, home prices remained steady.

Redfin vs. Zillow: Redfin is more accurate when valuing homes. Both Zillow and Redfin give homes an approximate value, but the Zestimate provided by Zillow has proven slightly less accurate than Redfin's estimate.

How accurate is a Zillow zestimate? ›

How accurate is the Zestimate? The nationwide median error rate for the Zestimate for on-market homes is 2.4%, while the Zestimate for off-market homes has a median error rate of 7.49%. The Zestimate's accuracy depends on the availability of data in a home's area.

Minimum Credit Score - The credit score of everyone on your loan application must be at least 640. If you do not know your credit store, your lender can check for you. If your credit score does not meet the minimum requirement, you can work with a THDA-Approved Counselor to improve your score.

According to Realtor.com, the average cost of a mortgage on a starter home in Nashville is $2,955, while the median rent in Nashville is $1,589. That means Nashvillians are paying $1,366 more per month for a mortgage than they would for rent.

Nashville was ranked 64^th tied with Austin, Texas among the 99 U.S. cities for the lowest annual salary needed to live comfortably. The hourly wage needed for a single adult to live comfortably in Nashville is $47.96. The salary needed for a single adult to live comfortably in Nashville is $99,757.

With its strong economy, driven by the healthcare, tech, and music industries, and its growing population, Nashville offers a fertile ground for real estate investments. The city's diverse economy and low unemployment rate make it an attractive place for professionals, which in turn drives demand for housing.

The good news is that Tennessee real estate professionals earn comparable—if not higher—salaries than in many other states. Learn more below about earning potential as a first-time real estate agent or an experienced agent considering moving to the Volunteer State.

A First Year Real Estate Agent in your area makes on average $93,860 per year, or $4 (0.045%) more than the national average annual salary of $85,793.