Nashville, TN 37212 Real Estate Market Report

ZIP Code: 37212
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: 37212) is currently $998,000, reflecting a significant adjustment in the market as it has decreased 8% since 2022. This decline indicates a shift in buyer sentiment and market dynamics, as the region transitions toward a more balanced state characterized by increased inventory and longer selling times. The current market conditions suggest that buyers are gaining negotiation leverage, which may further influence pricing strategies among sellers.

With a median listing price of $1,950,000, there is a notable gap between asking prices and sold prices, indicating potential pricing friction. The median days on market stands at 287 days, suggesting a slower sales velocity and elevated inventory levels relative to sales activity. This environment, combined with a neutral market temperature, indicates a cooling trend in the Nashville real estate market, despite underlying positive economic fundamentals.

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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 average around 5.99% to 6.375%, which is slightly higher than the 5.75% average reported for 2026 originations in the area.

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 is $998,000, reflecting an 8% decrease since 2022, indicating a softening market.

2. The median listing price of $1,950,000 suggests significant pricing friction as it exceeds the median sold price.

3. With 287 days on the market, the sales velocity is slower, indicating a shift toward longer selling periods.

4. The market temperature is currently neutral, suggesting balanced conditions without strong buyer or seller advantages.

5. The median market rent is $2,390, which has also shown a down trend year-over-year, reflecting broader rental market softness.

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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.