Nashville, TN 37214 Real Estate Market Report

ZIP Code: 37214
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 median sold price in Nashville, TN (ZIP: 37214) stands at $400,000, reflecting a modest year-over-year decrease. This decline suggests a shift in market dynamics, with sellers adjusting expectations in response to changing buyer sentiment. The elevated inventory levels indicate a market that is normalizing after a period of rapid growth, which may contribute to slower sales velocity and pricing friction in the area.

The median days on market has reached 171 days, highlighting a slower transaction pace and suggesting that buyers are taking more time to make decisions. The overall market temperature is currently described as neutral, indicating a balanced environment where neither buyers nor sellers hold a distinct advantage. This context, combined with elevated interest rate pressure, may further influence buyer behavior and market activity moving forward.

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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

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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 5.99% to 6.03% are notably lower than the recent February 2026 average of 6.55%, presenting a potential cost-saving opportunity for property owners.

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 $400,000 indicates a decrease in home values year-over-year, reflecting adjustments in seller expectations.

2. With 171 days as the median days on market, the market is experiencing slower sales velocity, suggesting buyers are more cautious in their purchasing decisions.

3. The median listing price of $474,900 presents a notable gap compared to the sold price, indicating potential pricing friction as sellers may need to adjust their expectations.

4. The median market rent has increased to $2,000, suggesting a growing rental demand despite overall market adjustments.

5. Current mortgage rates around 6.55% are higher than recent averages, contributing to elevated interest rate pressure that may impact buyer affordability.

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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.