Nashville, TN 37206 Real Estate Market Report

ZIP Code: 37206
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of April 2026, the real estate market in Nashville, TN (ZIP: 37206) is characterized by a median sold price of $557,450, reflecting a stable yet slightly declining trend. The neighborhood has decreased 8% since 2022, indicating a shift in market dynamics that may impact buyer sentiment and seller expectations. Despite this decrease, the median listing price stands at $702,450, suggesting a notable gap between seller aspirations and actual transaction values, which could lead to pricing friction in the market.

The market shows signs of elevated inventory levels, with a median days on market of 278, indicating slower sales velocity. This extended time frame may suggest a need for sellers to adjust their pricing strategies to align more closely with current market realities. Overall, the market temperature is classified as neutral, reflecting balanced conditions where neither buyers nor sellers hold a distinct advantage, but with potential for shifts depending on economic factors and interest rate pressures.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Nashville, TN are averaging 6.25% to 6.68%, which is approximately 0.5% higher than rates seen in early 2026.

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

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Key Findings

1. The median sold price of $557,450 indicates a slight downward trend in property values, with the neighborhood having decreased 8% since 2022.

2. With a median listing price of $702,450, there is a significant gap between asking prices and sold prices, which may lead to pricing friction in negotiations.

3. The median days on market of 278 suggests a slower sales velocity, indicating that properties are taking longer to sell than in previous periods.

4. Current market conditions are characterized by elevated inventory levels, which may lead to moderate competition among sellers.

5. Rental demand remains strong, with a median market rent of $1,758, reflecting growing rental interest in the area.

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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.