Nashville, TN 37211 Real Estate Market Report

ZIP Code: 37211
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of February 2026, the real estate market in Nashville, TN (ZIP: 37211) reflects a median sold price of $449,900, indicating a shift in market dynamics with a down trend observed year-over-year. This price point underscores the current valuation of transactions, which is critical for understanding market liquidity and buyer sentiment. The overall market appears to be stabilizing, with longer median days on market at 167, suggesting a slower sales velocity compared to previous periods of heightened activity.

The inventory landscape shows elevated inventory levels relative to sales activity, contributing to a more balanced market environment. While the median listing price stands at $550,000, the gap between listing and sold prices may indicate pricing friction as sellers adjust expectations to align with current buyer behavior. Despite these challenges, the underlying demand remains supported by a robust local economy, although moderate interest rate pressure continues to impact overall affordability and market engagement.

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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, around 5.875% to 6.153% are slightly lower than the recent 2026 average of 6.22% seen in mid-February.

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 $449,900 reflects a down trend in pricing, indicating potential challenges for sellers in achieving previous valuations.

2. With 167 median days on market, the market is experiencing slower sales velocity, suggesting that buyers are taking more time to make purchasing decisions.

3. The median listing price of $550,000 indicates a significant gap from the sold price, which may lead to pricing friction as sellers adjust their expectations.

4. Current market conditions are characterized by elevated inventory levels, which may lead to a more balanced market but also indicate excess supply relative to sales activity.

5. Moderate interest rate pressure continues to influence buyer affordability, impacting overall transaction volume and market engagement.

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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.