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

As of February 2026, the Nashville market reflects a median sold price of $999,000, indicating a stable pricing environment. The neighborhood has experienced a flat price trend, suggesting that the market is stabilizing after previous fluctuations. This stabilization is further supported by the current median listing price of $1,950,000, which highlights a significant gap between asking prices and actual sold prices, potentially indicating seller expectations that may not align with buyer sentiment.

The market is characterized by elevated inventory levels and slower sales velocity, with properties remaining on the market for a median of 281 days. This extended duration may suggest a more cautious buyer sentiment and a shift towards a more balanced market. Overall, the current conditions favor buyers, as the market temperature is described as neutral, reflecting a balance between supply and demand despite elevated inventory relative to sales activity.

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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 6.04% are slightly lower than the national average of 6.19% seen one month ago, indicating a minor cost opportunity for new financing.

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 $999,000 indicates a stable market, with recent sales reflecting consistent buyer interest.

2. With a median listing price of $1,950,000, there is a notable pricing gap that may suggest pricing friction between seller expectations and buyer willingness.

3. Properties are taking a median of 281 days on the market, indicating slower sales velocity and a potential shift in buyer sentiment.

4. The market temperature is currently neutral, suggesting a balanced environment where neither buyers nor sellers hold a significant advantage.

5. Elevated inventory levels relative to sales activity may indicate excess supply, favoring buyers in negotiations.

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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.