Housing market spotlight: Check out La Vergne home sale trends
Every Sunday, The Tennessean highlights a different ZIP code, as we strive to inform readers and help them navigate Middle Tennessee’s red hot real estate market.
This week, we head 20 miles southeast of downtown Nashville on I-24 E to La Vergne in Rutherford County. La Vergne, ZIP code 37086, is bordered on its northeast side by Percy Priest Lake where a boat ramp and hiking trail are available. City population is about 35,000, which is up almost 15% since 2020.
La Vergne is minutes from Smyrna, and about 30 minutes from Murfreesboro.
By the numbers, here’s what’s going on in 37086 according to data from the Greater Nashville Association of Realtors.
Home move quickly
In 2020 by this time of year, homes spent an average of 42 days on the market. This year so far, homes spend an average of 21 days on the market.
Home prices rise
The median sales price of a home at this time in 2020 was $232,500. This year so far, the median sales price of a home is $272,000.
Closings rise
Home buyers closed on 607 homes in 37086 as of this time in 2020. So far this year, home buyers have closed on 650 homes. Current inventory is 92 homes.
This article originally appeared on Nashville Tennessean: Housing market spotlight: Check out La Vergne home sale trends
