What a difference a year makes in Williamson County median home prices—a $50,000 difference, in fact. April 2018 data from the Williamson County Association of Realtors (WCAR), reported by the Tennessean, shows that Williamson County’s median home closing price increased by $50,000 from April 2017 ($451,574) to April 2018 ($503,250). From March 2018 to April 2018, Williamson County’s single-family median home closing price also rose from $490,000 to $503,250, for an increase of over $10,000 per home closing. 

The WCAR report outlines that there were 422 single-family closings, 40 condo closings, and 25 land sale closings in April 2018 as compared to 443 single-family closings, 28 condo closings, and 23 land sale closings in April of 2017. Comparing April home sales between Williamson County and its larger neighbor Davidson County shows that there were 898 single-family home closings in April with average closing prices of $390,959. Rutherford County had 542 home closings in the same time period. In contrast, the average April closing price was $591,786 in Williamson County, per the WCAR data.

Williamson Suburbs Seeing the Boom

Neighborhood clubhouse in Williamson County, TN

Neighborhoods in the south side of Williamson County had the top three median home prices. Brentwood came in at a median price of $665,000 in April 2018. A little further south, unincorporated College Grove’s median price was over $600,000 as well, and Arrington’s median price was the highest at $763,886. Franklin and Nolensville closely followed with median April 2018 home prices around $500,000.

Fairview and Spring Hill were both on the lower end of Williamson County’s April 2018 home closings; both cities had home prices in the median range of $350,000. As in April 2017, Franklin home closings eclipsed the other cities’ closings with 192 homes sold versus only 32 in Nolensville and 65 in Brentwood.

Based on Summer 2017 home closings, Williamson County housing market might not be done heating up. With families home shopping over the summer to find new homes before Williamson County Schools start in early August, home closings are predicted to go up over the summer months of 2018 as well.