Middle Tennessee Real Estate Market Update: March 2025
If you’re considering buying or selling a home in Middle Tennessee, including Franklin, Brentwood, or the surrounding areas, understanding the latest real estate trends is crucial. Here’s an overview of the March 2025 Monthly Market Report to help you stay informed and make the best decisions for your real estate journey.
March 2025 Sales Prices: A Positive Trend in Most Counties
Sales prices across Middle Tennessee showed resilience, with all but four counties reporting better prices than last year. On a year-to-date (YTD) basis, six counties saw higher sales prices compared to 2024. Notably:
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Wilson County experienced a 9.7% increase in YTD sales prices.
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Cheatham County reported a 9.4% decrease, highlighting some variability in the market.
Unit Sales: Slight Decline from Last Year
While unit sales in March 2025 were slightly lower compared to the same time last year, the decline was modest:
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YTD unit sales were down by an average of 3.5%.
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Four counties reported unit sales below last year, reflecting a shifting market landscape.
Inventory Supply: Improving Conditions for Buyers
As of April, inventory levels showed improvement, offering more options for buyers:
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Inventory supply ranged from 5.3 months in Maury County to 3.9 months in Wilson County.
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The overall average inventory supply increased to 4.6 months, providing a healthier balance between buyers and sellers.
Days on Market: Homes Selling Faster
Homes across the region are selling faster, reflecting strong demand:
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The average days on market (DOM) decreased to 37.3 days in March 2025, down from 41.6 days in February.
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This trend indicates buyers are acting quickly in a competitive market.
New Home Sales vs. Existing Sales
New construction continues to play a significant role in the Middle Tennessee market:
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Maury County led the region, with 35.8% of home sales being new homes.
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Williamson County had the lowest share of new home sales at 16.2%, likely reflecting its established neighborhoods.
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Across all counties, new home sales made up 25.0% of total sales YTD, highlighting strong demand for modern, customizable properties.
What Does This Mean for Buyers and Sellers?
For Buyers:
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With increasing inventory and shorter days on the market, this is an opportune time to explore homes in areas like Franklin, Brentwood, and Maury County.
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Be prepared to act quickly, as demand remains high and homes are moving fast.
For Sellers:
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Rising sales prices and quicker sales make it a great time to list your home, especially in high-demand areas like Williamson County and Wilson County.
Looking for Your Next Home in Franklin or Nashville?
Connect the LCT Team today to start your journey. Whether you’re a first-time buyer or looking for your dream property, Middle Tennessee’s market offers endless opportunities to invest in a community you’ll love for years to come. (615) 595-5883 or visit LCTTeam.com.
