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. $1,214,500 median sold price establishes recent transaction-level market value for 37204; with the price year-over-year trend up and a $1,326,000 median listing price sellers appear to be listing above recent sale levels, which may create pricing friction between expectations and closed transactions.
2. 329 median days on market points to extended marketing times and suggests slower transaction velocity rather than rapid turnover, so underwriters and buyers should expect longer timelines to contract and close.
3. Market liquidity appears influenced by elevated inventory relative to sales activity and a neutral market temperature, which together suggest a balanced market with slightly more buyer leverage and moderate negotiation room on price and terms.
4. elevated interest rate pressure is consistent with local financing conditions (Current 30-year fixed mortgage rates in Nashville, TN, are 6.56%), which — combined with a $2,500 median market rent and $500 median price per square foot — warrants caution for investors relying on financing sensitivity and rent-stabilized cashflow assumptions.

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.