Housing market spotlight: Take a peek at trends in 37204, 12 South and universities

·1 min read

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.

The 37204 ZIP code of Nashville encompasses some or all of the following neighborhoods: 12 South, Belmont, Lipscomb, Green Hills, Oak Hill, and Edgehill.

People patronize shops and restaurants on 12th Avenue South Sunday, Aug. 23, 2020.
People patronize shops and restaurants on 12th Avenue South Sunday, Aug. 23, 2020.
Opening night at The Fisher Center for the Performing Arts after it officially opened today at Belmont University in Nashville, Tennessee, September 14, 2021.
Opening night at The Fisher Center for the Performing Arts after it officially opened today at Belmont University in Nashville, Tennessee, September 14, 2021.

This ZIP is home to Lipscomb University and Belmont University. Nearby is Vanderbilt University. Attractions include Sevier Park and 12South area with shops and restaurants.

By the numbers, here’s what’s going on in 37204 according to data from the Greater Nashville Association of Realtors.

Home prices jump

The median sales price for a home in 37204 a year ago was $760,000. That jumped 44% so far this year to $1.1 million.

Homes sell quickly

Homes spent an average of 35 days on the market as of this time in 2021. So far this year, homes in 37204 spend about 27 days on the market.

Closings drop

Home buyers closed on 179 homes as of this time in 2021. Home buyers have closed on 157 homes so far this year. Current inventory is 44 homes.

This article originally appeared on Nashville Tennessean: Housing market spotlight: Take a peek at trends in 37204, 12 South and universities