Williamson County Market Report Q3 & Q4 2020

Williamson County Market Report Q3 & Q4 2020

Q3 | Q4

2020

W I L L I A M S O N C O .

CON T EN T S

04

HERE TO STAY

06

MARKET TRENDS

12

MARKET EXPERTS

16

NEIGHBORHOODS

18

FRANKLIN

24

SPRING HILL

30

THOMPSON’S STATION

36

BRENTWOOD

42

NOLENSVILLE

48

FAIRVIEW

54

FEATURED LI STINGS

60

THE HEART F INDS A WAY HOME

This past year brought moments both humbling and introspective, peaceful and hectic, concerning and hopeful. In 2020, we spent more time in our homes than perhaps any year before, finding for the first time what it truly means to be at home. While 2020 will stand out in our minds and our memories for the rest of our lives, one could argue that Williamson County was the best place in the world to hunker down and live life a little differently. “WillCo,” as we endearingly refer to it, led the nation in job growth multiple times in the last decade. It has the best doctor-to-patient ratio in Tennessee and the lowest unemployment rate. Those achievements helped us through a year of unparalleled life, from social distancing to finding new ways to communicate with family and friends, new walks on WillCo nature paths, and new ways to shop safely at local businesses and support our growing community. Despite the unprecedented events of 2020, Williamson County has been a stable home for thousands, a desirable haven of community, solidarity, friendliness, and hope. The fastest-growing county in the state with 49% of residents having moved here from out of state, it’s safe to say that when new families settle down in our peaceful towns and picturesque countryside, they’re here to stay. At Compass, our pride is in our ability to connect those new homeowners with their WillCo dream. While each Compass team member plays a unique role in our organization, everyone on the team shares the clear goal of helping families find their place in the world. If you’re considering buying or selling a home in Williamson County, we’re here to help. Consider this report our gift to you to help you get centered in Williamson County, to see a snippet of our cities and rural areas, and to find out what each has to offer. H ERE TO S TAY

MARK E T T R END S

IT ’S A SELLER’S MARKET

71% 83%

of our agents say there were fewer sellers in the fall due to COVID-19

of our agents say the trend for 2021 will be a strong seller’s market with limited inventory and higher prices

RELOCATION, RELOCATION, RELOCATION

74% 80% 91%

of our agents did 3+ relocation transactions in the second half of 2020

of out-of-state buyers were from the west coast

of our agents say out-of-town buyers will cause residential prices to increase

Source: January 2021 Survey of Compass Nashville Real Estate Agents

WILLIAMSON COUNTY INSIGHTS

4,047 New Listings Q3+Q4

-20.63% % Change from Q1+Q2

3,784 Sales Q3+Q4

45.76% % Change from Q1+Q2

$565K Median Sale Price Q3+Q4 51 Days on Market Q3+Q4

7.41% % Change from Q1+Q2 -8.36% % Change from Q1+Q2

MARK E T E X P E RT S

“Despite the ongoing pandemic, Williamson County continues to be a very strong and competitive market. In the past, we looked at days on the market and now, some homes are under contract in hours. Buyers are continuing to move from out of state and most are willing to pay over list price to secure the property. I predict we will see an increase in median prices due to our consistently low inventory and the cost of new construction, but interest rates should remain low, making it a great time to purchase a home.”

— J ENN I F E R B I CK E RS TA F F

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