Nashville, TN 37207 Real Estate Market Report

ZIP Code: 37207
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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

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Property Taxes

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Liquidity & Velocity

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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 market rates for 30-year fixed mortgages in Nashville TN 37207 average 6.35% as of May 2026, reflecting the prevailing interest rate environment for property owners in this market.

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 neighborhood's primary market indicator is the median sold price $410,000, which represents the most reliable signal of market value and recent transaction activity and, when compared to the median listing price $429,500, suggests a modest gap between asking and realized prices that may indicate some pricing friction between sellers and buyers.

2. Liquidity appears muted: the median days on market 220 points to slower transaction velocity, which may increase buyer negotiation leverage and lengthen time-to-close expectations for sellers.

3. Price and rent trends are softening: year-over-year price movement is reported as down and rent year-over-year trend is also down; the median market rent is $2,325, underscoring cooling near-term rental demand relative to prior periods, while interest rate pressure is assessed as moderate and typical 30-year fixed mortgage rates are 6.35%, which together may dampen near-term buyer affordability.

4. Inventory dynamics point to elevated inventory relative to sales activity rather than constrained supply, which—combined with a median price per square foot of $253—suggests buyers have more choices and sellers may need targeted pricing or concessions to achieve sale prices near recent transaction levels.

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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.

Nashville, TN 37207 Real Estate Market Report

ZIP Code: 37207
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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 market rates for 30-year fixed mortgages in Nashville TN 37207 average 6.35% as of May 2026, reflecting the prevailing interest rate environment for property owners in this market.

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. median sold price: $580,000 — Recent transactions center on this level, making it the primary indicator of market value; the gap between the median listing price: $692,450 and the median sold price suggests seller asking expectations exceed realized sale prices and pricing friction may be present.

2. median days on market: 349 — Extended time to contract points to slower sales velocity and greater buyer leverage; this duration appears consistent with a market that is moving toward balance rather than rapid turnover and moderate urgency to transact.

3. median price per square foot: $314 — Recent sold transactions support this unit value as a representative benchmark for valuation and underwriting, which buyers and appraisers should use cautiously given the gap to asking prices and neutral market temperature.

4. market temperature: neutral with interest rate pressure: moderate (30-year average 6.35%) — The neutral market signal combined with moderate rate pressure and down trending rents may constrain upside in near-term appreciation and encourage price sensitivity among buyers.

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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.