Home Prices Continue To Rise In Middle Tennessee

Posted at 5:17 PM, May 23, 2018
and last updated 2018-05-23 20:05:11-04

Affordable housing continues to be a hot topic in Middle Tennessee and newly released prices show a surprising trend. Home price values are up in several Middle Tennessee counties.

The median price for home sales in Williamson County looked to be $500,000 for the first time in April  according to Greater Nashville REALTORS.  

Home price values in the Williamson County area closed at $503,250 in April.

Sher Powers with Greater Nashville REALTORS said home values in the county are at an 11.5-percent increase since April 2017.

Cheatham County had the biggest median price increase from $181,000 to $232,000 in about one year.

"Keep in mind, number one that is the middle meaning there are houses below that price point available and second work with a realtor who has a lot of peer relationships. They're going to know what's coming up in which neighborhood," she said.

Powers said the top three counties with the highest median house price include Williamson, Wilson and Davidson counties. 

"Cheatham and Robertson counties show the best value for the money but you'll have a greater commute if you're coming into downtown," Powers said.

"Recommend having a bank letter, get prequalified, be prepared financially. Know what you need to put down prior to looking because you really have that day to make a decision," she said.

Home experts want you to be prepared as much as possible when you're ready to buy.