Nashville, TN 37211 Real Estate Market Report

ZIP Code: 37211
Report Date: April 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: 37211) is currently $421,000, reflecting a notable adjustment in market dynamics. The neighborhood has decreased 8% since 2022, indicating a shift in buyer sentiment and market conditions. With a median listing price of $435,000, there is a discernible gap between seller expectations and actual transaction values, which may suggest pricing friction as the market stabilizes.

Transaction activity appears to be moderating, with 219 days as the median days on market, signaling slower sales velocity. Elevated inventory levels are evident, contributing to a neutral market temperature. This environment may favor buyers, as the excess supply relative to sales activity indicates a rebalancing phase in the local real estate market, despite the underlying strength of the economy and moderating mortgage rates.

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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 Nashville, TN are averaging 6.25% as of March 31, 2026, which is 0.45% higher than the average rate of 5.80% observed in early March 2026.

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 $421,000 reflects a significant 8% decrease since 2022, indicating a softening market trend.

2. With a median days on market of 219, properties are experiencing slower sales velocity, suggesting a need for strategic pricing adjustments.

3. The median listing price of $435,000 shows a gap compared to sold prices, which may create pricing friction for sellers.

4. Elevated inventory levels suggest excess supply relative to sales activity, contributing to a neutral market temperature.

5. The median market rent is $1,758, which may influence buyer decisions as rental rates also show a downward trend 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.