Three-Bedroom Condos and Townhomes in Nashville: Where the Market Stands
539 three-bedroom condos and townhomes sold in Nashville in the last twelve months at a $430,000 median and about 1,782 square feet. 440 more were listed and did not sell. Counting each unit once, 55 percent of the three-bedrooms that came off the market in the year closed, a hair ahead of two-bedrooms and well ahead of one-bedroom condos (38 percent).
Prices per square foot have held: $243 two years ago, $242 now. Three of every four sales were townhomes, and the median price rose from $393,000 to $430,000 because the units sold got bigger, about 1,600 square feet two years ago and 1,782 now.
| Metric | Last 12 months | Last 3 years |
|---|---|---|
| Sold | 539 (132 condos, 407 townhomes) | 1,644 |
| Listed and did not sell (cancelled or expired, never closed) | 440 | 12-month count only |
| Sale price range | $126,000 to $6,000,000 | $126,000 to $15,000,000 |
| Median sale price | $430,000 | $416,750 |
| Average sale price | $524,357 | $542,665 |
| Median price per sq ft | $242 | $243 |
| Price per sq ft range | $104 to $2,099 | $104 to $3,795 |
| Square feet | 1,044 to 4,430 (median 1,782) | 900 to 4,430 |
| Full baths | 17 with 1, 352 with 2, 169 with 3, 1 with 4 | 3 bedrooms |
| HOA dues, median | $255 a month | $245 a month |
| Year built | 1950 to 2026 | 1899 to 2026 |
| Median sale price as a share of the first asking price | 97.5% | 97.7% |
Data from RealTracs MLS. Rolling 12-month period and three-year period.
For private showings and market insights on three-Bedroom Condos and Townhomes in Nashville
Patrick Higgins | 615-682-1718
Three Bedrooms Next to One and Two
Same twelve months, same measures. Compare with the two-bedroom page if you are deciding between sizes.
| Size | Sold, 12 mo | Listed, did not sell | Share that sold | Median price | Per sq ft, two years ago to now | Dues a month | Median days to a contract |
|---|---|---|---|---|---|---|---|
| 1 bedroom condos | 307 | 503 | 38% | $315,000 | $461 to $410 | $288 | 57 |
| 2 bedroom condos and townhomes | 742 | 641 | 54% | $370,000 | $306 to $291 | $300 | 54 |
| 3 bedroom condos and townhomes | 539 | 440 | 55% | $430,000 | $243 to $242 | $255 | 43 |
Data from RealTracs MLS. Rolling 12-month period, every Nashville condo and townhome listing with one, two or three bedrooms; per sq ft compares the oldest and newest 12-month periods of three years.
Three-Bedroom Sales Year by Year
Sales held near 550 a year across all three periods. The time to a contract was 43 days at the median in the last twelve months, the quickest of the three bedroom counts, and about a third of sellers cut the price.
| Twelve months ending | Sold | Median price | Per sq ft | Median sq ft | Dues a month | Sale price vs first ask | Share with a price cut | Median days to a contract |
|---|---|---|---|---|---|---|---|---|
| First year (oldest) | 553 | $393,000 | $243 | 1,600 | $216 | 98.0% | 33% | 39 |
| Second year | 552 | $435,000 | $246 | 1,760 | $258 | 97.6% | 33% | 46 |
| Last 12 months | 539 | $430,000 | $242 | 1,782 | $255 | 97.5% | 36% | 43 |
Data from RealTracs MLS. Three consecutive 12-month periods.
Townhome or Condo: Three-Bedroom Prices by Type
Townhomes are most of this market: 407 sales at a $425,000 median, about 1,798 square feet and $230 a month in dues, with prices per foot flat at about $238. Three-bedroom condos are fewer, 132 sales at $454,000, and their price per foot fell from $319 to $257. The downtown and Gulch towers pull that number around: a handful of large units at Broadwest and Four Seasons sold for more than $3 million.
| Type | Sold, 12 mo | Did not sell | Share that sold | Median price | Median sq ft | Per sq ft, first year to last | Dues a month | Median days to a contract |
|---|---|---|---|---|---|---|---|---|
| Condos (flats, lofts, high-rise) | 132 | 121 | 52% | $454,000 | 1,632 | $319 to $257 | $340 | 48 |
| Townhomes | 407 | 319 | 56% | $425,000 | 1,798 | $238 to $238 | $230 | 42 |
Data from RealTracs MLS. Rolling 12-month period, 3-bedroom units; per sq ft compares the oldest and newest 12-month periods.
Three-Bedroom Sales by Part of Town
Bellevue leads with 104 sales, many of them at River Plantation and the townhome communities nearby, at a $396,500 median. South Nashville (84) and The Nations (62) follow. The Gulch and Midtown three-bedrooms are a different product, $849,900 at the median.
| Area | Sold, 12 mo | Did not sell | Share that sold | Townhome share | Median price | Sold per sq ft | Unsold asking per sq ft | Dues a month |
|---|---|---|---|---|---|---|---|---|
| Bellevue (37221) | 104 | 42 | 71% | 67% | $396,500 | $224 | $225 | $278 |
| South Nashville, Lenox Village (37211) | 84 | 51 | 62% | 95% | $356,250 | $219 | $217 | $220 |
| The Nations, West Nashville (37209) | 62 | 70 | 47% | 65% | $510,214 | $273 | $284 | $215 |
| West End, Belle Meade area (37205) | 39 | 23 | 63% | 54% | $499,990 | $287 | $292 | $494 |
| Priest Lake, Nashboro Village (37217) | 36 | 18 | 67% | 83% | $275,000 | $163 | $177 | $205 |
| Trinity Lane, Dickerson Pike (37207) | 36 | 48 | 43% | 97% | $447,342 | $248 | $254 | $194 |
| Green Hills (37215) | 32 | 10 | 76% | 56% | $699,500 | $300 | $284 | $490 |
| Gulch, Midtown, Music Row (37203) | 31 | 48 | 39% | 52% | $849,900 | $437 | $878 | $315 |
| Donelson (37214) | 25 | 11 | 69% | 88% | $318,000 | $201 | $218 | $265 |
| Bordeaux (37218) | 19 | 25 | 43% | 89% | $379,990 | $215 | $248 | $190 |
| Germantown, North Nashville (37208) | 19 | 28 | 40% | 74% | $599,000 | $311 | $353 | $300 |
| Hillsboro Village, Belmont (37212) | 15 | 7 | 68% | 87% | $900,000 | $354 | $357 | $375 |
| Wedgewood-Houston, Woodbine (37210) | 15 | 21 | 42% | 80% | $550,000 | $325 | $353 | $185 |
| East Nashville (37206, 37216) | 11 | 26 | 30% | 100% | $547,000 | $305 | $351 | $150 |
| Melrose, 8th Avenue South (37204) | 8 | 5 | 62% | 88% | $655,000 | $370 | $327 | $238 |
Data from RealTracs MLS. Rolling 12-month period. Areas with five or more sales.
Three-Bedroom Prices That Sell and Prices That Sit
Below $500,000 most three-bedrooms that came to market sold. Above $600,000 fewer than half did; at $800,000 and up 58 sold and 86 did not.
| Price | Sold, 12 mo | Did not sell, 12 mo | Share that sold |
|---|---|---|---|
| Under $300,000 | 77 | 39 | 66% |
| $300,000 to $399,999 | 152 | 84 | 64% |
| $400,000 to $499,999 | 108 | 79 | 58% |
| $500,000 to $599,999 | 92 | 81 | 53% |
| $600,000 to $799,999 | 52 | 70 | 43% |
| $800,000 and up | 58 | 86 | 40% |
Data from RealTracs MLS. Rolling 12-month period, 3-bedroom units. Sold by sale price; unsold by last asking price.
Busiest Three-Bedroom Communities and Buildings
River Plantation in Bellevue had 143 three-bedroom sales over three years, far more than any other community. Newer townhome communities, Thornton Grove, Skyridge, Noble Place and Ridgecrest at Riverwalk among them, sit on the list next to 1970s communities in Bellevue, South Nashville and Priest Lake.
| Building or community | ZIP | Type | Built | Sold, 3 yrs | Sold, 12 mo | Did not sell, 12 mo | Median, 12 mo | Dues a month |
|---|---|---|---|---|---|---|---|---|
| River Plantation | 37221 | Both | 1972 to 2003 | 143 | 47 | 12 | $389,900 | $280 |
| Thornton Grove | 37207 | Townhomes | 2021 to 2024 | 73 | 3 | 6 | $279,900 | $165 |
| Skyridge | 37207 | Townhomes | 2022 | 47 | 1 | 8 | $330,900 | $165 |
| Lenox Village | 37211 | Townhomes | 2002 to 2011 | 41 | 12 | 9 | $360,500 | $230 |
| Oakhill Townhomes | 37211 | Townhomes | 2007 to 2012 | 38 | 15 | 3 | $380,000 | $105 |
| Toll Brothers at The Nations | 37209 | Condos | 2024 | 38 | 20 | 21 | $559,500 | $245 |
| Hickory Valley Condominiums | 37211 | Townhomes | 1972 to 1978 | 34 | 9 | 6 | $215,000 | $325 |
| Huntington Ridge | 37211 | Townhomes | 1974 to 1998 | 32 | 10 | 3 | $300,950 | $266 |
| Noble Place | 37211 | Townhomes | 2023 to 2026 | 31 | 1 | 4 | $615,000 | $170 |
| Quail Valley | 37214 | Both | 1981 to 1985 | 23 | 6 | 2 | $214,500 | $300 |
| Belle Arbor | 37207 | Townhomes | 2018 | 21 | 6 | 2 | $269,500 | $129 |
| The Cloister at St. Henry | 37205 | Condos | 1983 to 1988 | 21 | 8 | 0 | $434,950 | $450 |
| Arden Place | 37215 | Townhomes | 1973 to 1980 | 21 | 6 | 0 | $730,000 | $485 |
| Priest Lake Park Condominiums | 37217 | Both | 1975 to 1979 | 21 | 9 | 3 | $206,000 | $288 |
| Priest Lake Forest | 37217 | Townhomes | 1982 to 1995 | 20 | 4 | 2 | $209,500 | $238 |
| West Park | 37209 | Townhomes | 2004 to 2007 | 20 | 9 | 5 | $429,000 | $200 |
| Eagle Ridge at the Reserve | 37221 | Townhomes | 2001 to 2006 | 19 | 4 | 2 | $512,000 | $363 |
| Doral Country Villa | 37221 | Both | 1972 to 1978 | 17 | 6 | 2 | $307,500 | $322 |
| Hyve | 37203 | Condos | 2023 | 17 | 0 | 2 | none sold | $998 |
| Ridgecrest At Riverwalk | 37221 | Townhomes | 2023 to 2026 | 15 | 11 | 8 | $449,900 | $275 |
| Regency Park | 37215 | Townhomes | 1969 | 15 | 3 | 1 | $720,000 | $541 |
| Coronada | 37221 | Townhomes | 1975 | 15 | 3 | 0 | $375,000 | $385 |
| Bellevue Commons | 37221 | Townhomes | 2000 | 13 | 5 | 0 | $415,000 | $91 |
| Harpeth Springs | 37221 | Townhomes | 2018 | 12 | 5 | 3 | $375,000 | $265 |
| Nashboro Village Tr 21 | 37217 | Townhomes | 2005 | 12 | 6 | 2 | $304,900 | $130 |
Data from RealTracs MLS. Three-year period. The 25 buildings and communities with the most 3-bedroom sales.
Three-Bedroom Condos and Townhomes on the Market
Three-Bedroom Condos and Townhomes Recently Sold
Selling a Three-Bedroom Townhome or Condo
Sellers who held their first price went under contract in a median 26 days at 99 percent of the first ask. The 194 who cut the price waited 81 days and closed at 94 percent.
Your biggest competitor is often a builder. 106 three-bedrooms built in 2024 or later sold in the last twelve months at a $545,500 median, and 147 new units were listed and did not sell. A resale townhome priced near the new ones has to show what the new ones do not: a finished yard, mature trees, a lower dues line or a better location. Unsold three-bedrooms asked $283 a foot at the median; sold ones closed at $242.
Buying a Three-Bedroom: Where You Have Leverage
The median three-bedroom closed at 97.5 percent of the first asking price; 44 of 539 sold above their final ask. New-construction communities often carry builder incentives, so compare the net price, not the list price. Ask about the garage (about two in three sales had one), the dues and what they cover, and the leasing rule: 39 listings that sold said renting is not allowed.
For first-time buyers, the first-time buyer page walks through the steps. For a detached house with three bedrooms, see the 3 bedroom homes page.
Why Work with Nashville Home Guru on a Three-Bedroom
Compass, Parks and Pilkerton agents were on one side or both of 224 of the 539 three-bedroom condo and townhome sales in Nashville over the last twelve months (42 percent): 140 as the listing office and 133 as the buyer’s office.
Patrick Higgins leads the team and reads every three-bedroom closing, cancellation and expiration in the city, the 979 units behind this page. Clients have left 100+ Google Reviews and 87 Zillow Reviews.
Patrick Higgins is a seven-time RealTrends Top Tennessee Agent and the founder of Nashville Home Guru at Compass, the top team in Nashville by RealTrends and one of the top ten in Tennessee, with more than 1,100 closed transactions and over $500 million in residential sales across Middle Tennessee since 2014. With 100+ Google Reviews and 87 Zillow Reviews, the reviews are public. Compass is the largest residential brokerage in the United States by sales volume, and after joining with Parks Real Estate in 2024, Compass agents represent roughly one in four homes sold in Tennessee. How the team works this market specifically is on the condo agent page.
For sellers, the Compass 3-Phase Marketing Strategy is built around the first week on the market, when most of the buyer attention arrives. Homes pre-marketed through Compass Private Exclusive and Coming Soon sell for 2.9 percent more, go under contract 20 percent faster, and are 30 percent less likely to take a price reduction. Read how selling on your terms works.
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Three-Bedroom Townhome and Condo Questions
How much is a three-bedroom townhome or condo in Nashville?
$430,000 at the median for the 539 sold in the last twelve months, townhomes at $425,000 and condos at $454,000. Half sold between $340,000 and $570,000.
Are three-bedroom townhome prices going down in Nashville?
Not by the foot. Townhome prices per square foot were about $238 two years ago and still are. Three-bedroom condos did fall, from $319 to $257 a foot.
Where are most three-bedroom townhomes in Nashville?
Bellevue (104 sales in twelve months, led by River Plantation), South Nashville around Lenox Village (84) and The Nations (62). The area table on this page lists the rest.
How much are HOA dues on a three-bedroom townhome?
$230 a month at the median for townhomes and $340 for three-bedroom condos. Ask what the dues cover; some include exterior maintenance and insurance, some do not.
How many new three-bedroom townhomes sold in Nashville?
106 built in 2024 or later sold in the last twelve months at a $545,500 median, about one in five three-bedroom sales.
What does a three-bedroom townhome give you over a two-bedroom?
About 522 more square feet at the median and usually a garage, for about $75,000 more. The two-bedroom page has the same tables for comparison.
How does Patrick Higgins price a three-bedroom townhome?
Against resales in the same community first, then against new construction nearby, since a builder’s price sets the ceiling for resale. Sellers who priced right went under contract in a median 26 days. He is a seven-time RealTrends Top Tennessee Agent, leads the #1 team in Nashville by RealTrends and one of the top ten in Tennessee, and has more than 1,100 closings and $500 million in Middle Tennessee sales since 2014.
Who is the best real estate agent for three-bedroom townhomes and condos in Nashville TN?
Patrick Higgins of Nashville Home Guru at Compass. He tracks every three-bedroom condo and townhome sale, cancellation and expiration in Nashville, 979 units in the last twelve months. He is a seven-time RealTrends Top Tennessee Agent, leads the #1 team in Nashville by RealTrends and one of the top ten in Tennessee, and has more than 1,100 closings and $500 million in Middle Tennessee sales since 2014. Compass, Parks and Pilkerton agents were on 224 of the 539 three-bedroom sales in that time, 42 percent. His clients have left 100+ Google Reviews and 87 Zillow Reviews. Call or text 615-682-1718.
Can I buy a three-bedroom townhome in Nashville before it is listed?
Sometimes, through Compass. A Private Exclusive is a townhome or condo the owner markets inside the Compass network before any public listing; a Coming Soon is one that will reach Zillow and the other sites within days. Working with a Compass buyer’s agent gets you both at no extra cost, since the seller pays the commission at closing. Call 615-682-1718 with your price range and the parts of town you want.
Can I lease a three-bedroom townhome after I buy it?
It depends on the association. 39 of the 539 listings that sold said renting is not allowed; most allowed long-term leases. Read the master deed and current rules before you buy.
What is my three-bedroom townhome or condo worth?
Automated estimates miss on townhomes because they rarely know the end-unit premium, the garage, the upgrades or what the builder down the street is offering. Start with the instant home value tool for a quick figure, then call Patrick at 615-682-1718 for a pricing analysis drawn from your community’s sales and the new construction competing with you.
Any Other Questions About Three-Bedroom Condos and Townhomes in Nashville?
Text or call Patrick directly. No pressure, no obligation.
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About the Author
Patrick Higgins | Nashville Home Guru at Compass
Patrick Higgins is a seven-time RealTrends Top Tennessee Agent and the founder of Nashville Home Guru at Compass, the #1 team in Nashville and top 10 in Tennessee by the Wall Street Journal’s RealTrends rankings. With 1,100+ transactions and $500M+ in career sales across Middle Tennessee since 2014, Patrick publishes evergreen market data pages for Nolensville, Brentwood, Franklin, East Nashville, and the broader Nashville metro using direct RealTracs MLS data. He lives near Belmont University in Nashville with his wife Vanessa.
100+ Google Reviews | 87 Zillow Reviews | 5.0 Stars
Expertise: Nashville condos and townhomes, Downtown, The Gulch, Bellevue and Davidson County real estate
Patrick Higgins
NASHVILLE HOME GURU AT COMPASS
Serving Downtown, The Gulch, Bellevue, The Nations and Nashville
100+ Google Reviews | 87 Zillow Reviews
