Nashville's fixer-upper hunt: scarce options
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More U.S. homebuyers are navigating the expensive housing market by chasing fixer-uppers, but Nashvillians might find it harder to spot one.
State of play: Fixer-uppers are more plentiful in areas where homes are older and there is less new development.
- But in Nashville, one of the nation's top markets for new construction, there is a more robust inventory of move-in ready options.
By the numbers: Only 3% of homes for sale in the Nashville area are "fixer-uppers," per Realtor.com data from the summer. That makes us 84th out of the top 100 metros.
- The national figure sits at 5% and pushes into double digits in New Orleans and Jackson, Miss.
The big picture: Keyword searches for "fixer-upper" have more than tripled since 2021, Realtor.com reports. Fixer-uppers now draw 52% more page views per property than similarly aged, affordable listings.
Between the lines: For first-time buyers, fixer-uppers (smaller, older homes that need work) can offer cheaper entry. For flippers, they're a chance to profit.
- The national median fixer-upper was priced at $200,000 as of July, less than half the $436,250 median for all single-family homes.