Nashville, TN 37211 Real Estate Market Report

ZIP Code: 37211
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

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

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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 37211 area are averaging 6.3%, reflecting the prevailing market conditions for property owners in this region.

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 primary market indicator, the median sold price: 439,000, shows recent transaction-level valuation and—combined with a reported price year-over-year trend of down—suggests modest softening in realized sale prices relative to prior periods.

2. There is a meaningful spread between the median listing price: 474,500 and the median sold price, which may indicate pricing friction where seller expectations remain above recent transaction levels and could prolong negotiation times.

3. The median days on market: 181 is lengthy by typical residential standards and points to slower sales velocity; this longer marketing time appears consistent with a neutral market temperature (neutral) and improved buyer conditions rather than acute distress.

4. Interest rate pressure is elevated with local 30-year fixed mortgage rates averaging 6.3%, and rent dynamics show a weakening trend with a median market rent: 1,799 alongside a reported rent year-over-year trend of down; together these signals suggest financing cost sensitivity and slightly softer rental demand that may weigh on investor activity.

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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 37211 Real Estate Market Report

ZIP Code: 37211
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 30-year fixed mortgage rates in the 37211 area are averaging 6.3%, reflecting the prevailing market conditions for property owners in this region.

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 primary market indicator is the $305,000 median sold price, which signals realized market value and suggests recent transactions are tracking modestly below asking levels given the $272,450 median listing price; this gap may indicate pricing friction between sellers and buyers.

2. Despite relatively long selling timelines reflected by the 311 median days on market, transactions continue to occur, which suggests slower sales velocity rather than a fully stalled market and aligns with the neutral market temperature.

3. The $241 median price per square foot combined with a $1,450 median market rent points to mixed owner-occupier and rental economics in the area; rent growth is soft consistent with the price year-over-year trend being down and the rent year-over-year trend also down.

4. Elevated interest rate pressure is a headwind for buyers and owners: interest rate pressure is characterized as elevated, and current 30-year fixed mortgage rates are averaging 6.3%, which may constrain buyer purchasing power and support a market environment described as balanced rather than strongly directional; elevated interest rate pressure.

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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.