Nashville, TN 37204 Real Estate Market Report

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.

Market Metrics

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.

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.

Property Taxes

Liquidity & Velocity

Market Trends & Context

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

Key Findings

1. $1,086,000 median sold price confirms recent transaction-level market value for the neighborhood and suggests pricing is holding near seller expectations given the $1,095,000 median listing price; continue to price aggressively for condition and location to avoid extended negotiations. stable price realization
2. 361 median days on market indicates slower sales velocity relative to typical fast-moving submarkets and may reflect longer decision cycles or pricing friction; sellers should expect extended listing periods and consider targeted marketing or modest concessions to accelerate closings. slower market pace
3. neutral market temperature and a reported up in price year-over-year trend together suggest a balanced market where well-priced, well-located SFRs and condos still attract buyers while broader velocity remains subdued; prioritize properties with turnkey condition to capture demand. balanced conditions
4. elevated interest rate pressure (market context cites ~6.5% 30-year fixed) and a $474 median price per square foot compress buyer purchasing power relative to recent years, which may reduce price tolerance—focus on pricing that aligns with comparable sold transactions and highlight financing strategies to qualified buyers. elevated interest rate pressure

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.