Nashville, TN 37208 Real Estate Market Report

ZIP Code: 37208
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: 37208) stands at $400,000, reflecting a stable market despite ongoing economic pressures. The neighborhood has decreased 8% since 2022, indicating a modest decline in home values. This trend, coupled with a median listing price of $599,900, suggests a significant pricing gap that may create friction for sellers as they navigate buyer expectations in the current market environment.

Transaction activity appears moderate, with elevated inventory levels contributing to a median days on market of 225 days. This extended timeframe indicates slower sales velocity, shifting leverage toward buyers. The market temperature is currently classified as neutral, suggesting a balanced state where both buyers and sellers may find opportunities, albeit with caution due to elevated interest rate pressure.

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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 37208 area average around 6.1% to 6.375%, which is approximately 0.5% higher than some recently quoted 2026 origination rates around 5.75% to 5.875%.

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 $400,000 indicates a slight downward trend, having decreased 8% since 2022, which may signal pricing challenges for sellers.

2. With a median listing price of $599,900, there is a notable gap between asking and sold prices, suggesting potential pricing friction in negotiations.

3. A median days on market of 225 days reflects a slower sales velocity, indicating that properties are taking longer to sell in the current environment.

4. The market temperature is classified as neutral, suggesting a balanced market where both buyers and sellers may have opportunities, though caution is advised due to current economic conditions.

5. Elevated interest rates are impacting ownership affordability, contributing to a robust rental demand with a median market rent of $1,758, which remains flat year-over-year.

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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.