Nashville, TN 37206 Real Estate Market Report

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

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Executive Overview

The median sold price in Nashville, TN (ZIP: 37206) currently stands at $600,000, reflecting a market that has seen some price adjustments recently. The neighborhood has decreased 8% since 2022, indicating a shift from the previous rapid growth phase to a more moderated environment. This trend suggests that buyers are gaining more leverage in negotiations, as the market adjusts to elevated inventory levels and slower transaction activity.

With a median listing price of $819,000, there is a notable gap between what sellers are asking and what buyers are willing to pay, which may create pricing friction. The median days on market is 184, indicating slower sales velocity and a potential cooling in buyer demand. Despite these shifts, rental demand remains robust, with a median market rent of $1,758, although rents have also seen a slight decline year-over-year. Overall, the market temperature is currently assessed as neutral, reflecting a balance between buyer and seller conditions.

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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 the Nashville market average around 6.04% compared to 6.87% one year ago, presenting a favorable rate environment for refinancing activity.

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 is $600,000, indicating a market that has seen a decrease of 8% since 2022.

2. The median listing price of $819,000 suggests pricing friction as it exceeds the median sold price significantly.

3. With a median days on market of 184, the market is experiencing slower sales velocity compared to previous periods.

4. The current rental market shows a median market rent of $1,758, reflecting a down trend year-over-year.

5. The market temperature is classified as neutral, indicating a balance between buyer and seller dynamics.

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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.