Bristol, TN 37620 Real Estate Market Report

ZIP Code: 37620
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The real estate market in Bristol, TN is currently characterized by a median sold price of $224,900, reflecting a stable market environment. With a median listing price of $325,000, there is a notable gap between asking prices and actual sales, which may indicate pricing friction as sellers adjust expectations to meet buyer demand. The neighborhood has shown an overall up trend in prices, suggesting a resilient market despite the challenges posed by elevated inventory levels and moderate interest rate pressure.

Transaction activity appears to be moderate, with median days on market at 253, indicating slower sales velocity. This extended time frame for properties on the market may reflect a balanced market temperature, as demand remains steady but is met with rising inventory. The median market rent of $1,090 further underscores the strong rental demand in the area, which continues to support overall market stability.

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Market Overview

This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Market Metrics

Note: The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.

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Rental Market

Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.

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Property Taxes

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Liquidity & Velocity

Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.

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Market Trends & Context

Understanding Market Temperature

A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.

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Key Findings

1. The median sold price of $224,900 indicates a stable transaction environment, with prices showing an overall up trend.

2. A median listing price of $325,000 suggests potential pricing friction, as sellers may need to adjust expectations to align with market realities.

3. With median days on market at 253, the market is experiencing slower sales velocity, indicating a balanced market temperature.

4. The median market rent of $1,090 reflects strong rental demand, contributing positively to the overall market dynamics.

5. Elevated inventory levels relative to sales activity may suggest caution for potential buyers and sellers in the current market.

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Notable Properties

The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.