Here are five things to know for home buyers and sellers in Wilson County

Home buyers and sellers in Wilson County have enjoyed a balanced market so far this year even though interest rates have continued to be relatively high.

New shopping like Costco and Providence Marketplace, a good public school system and a pro-growth business climate with new construction availability have all contributed to Wilson County's growth, said Benchmark Realty broker and Realtor Steve Jolly, who is also the past 2022 president of the Greater Nashville Realtors.

"I think Wilson County is a lot like Williamson County was 10-20 years ago," Jolly said, referring to the state's wealthiest county south of Nashville. "I think Wilson County has a lot to offer someone who wants to be in Williamson, but can't afford Williamson."

Home sales in Wilson County are on a steady pace so far in 2024, which has provided equal footing for both buyers and sellers. However, most recently, the number of buyers has grown relative to homes for sales.

Here are five market trends that apply to Wilson County real estate so far in 2024.

Median housing prices across Middle Tennessee

This is how Wilson County’s median June sales price for single-family homes and townhomes — $465,000 — compares to nearby counties, according to GNR:

• Cheatham: $387,288
• Davidson: $475,500
• Dickson: $389,900
• Maury $419,072
• Robertson: $369,900
• Rutherford: $434,900
• Sumner: 436,049
• Williamson: $907,450
• Wilson: $465,000.

The national median single-family home price for June was $ 426,900.

Wilson County home closings

The median home sales price in Wilson County has gone up slightly since January when it was $459,950, according to the Greater Nashville Realtors.

There have been 1,591 residential closings this year as of July 23. That does not include some homes sold but not yet entered into the Multiple Listing Service, GNR spokesperson Blake Farmer said.

Realtor Property Resource, a real-estate data platform, reported a $471,492 median price for sold home listings, said Buzz Steele, CEO of the Eastern Middle Tennessee Association of Realtors.

Days on the market

Wilson County home listings sat on the market for a median number of 43 days, according to Realtor Property Resource. Wilson County housing data also show a 2.78-month supply of inventory, meaning it would take nearly three months to sell all the homes currently listed for sale given the current sales pace — that continues a downward direction over the past 12 months. Those numbers do indicate an increase in the number of buyers compared to available homes for sale, which can lead to faster sales and potentially higher prices, according to Steele.

Median sales prices closed just below asking prices

Wilson County home sales prices in June went for 98.56% of the asking price in June, according to Realtor Property Resource. Experts say that indicates that sellers are pricing homes at an amount buyers are willing to pay.

Lebanon, Mt. Juliet and Watertown home sales

These were the median home sale prices in the cities of Lebanon, Mt. Juliet and Watertown in June, according to GNR.

Mt. Juliet: $587,450 ( based on 100 closings)

Lebanon: $399,995 (based on 166 closings)

Watertown: $400,000 (based on four closings)

Reach Andy Humbles at ahumbles@tennessean.com or 615-726-5939 and on X, formerly known as Twitter @ AndyHumbles.

This article originally appeared on Nashville Tennessean: Here are five things to know for home buyers and sellers in Wilson County