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 Nashville, TN (ZIP: 37214) market reflects a median sold price of $400,000, indicating a stable market despite recent fluctuations. The neighborhood has increased up since 2023, showcasing a modest appreciation trend. However, the market is currently experiencing slower transaction velocity, characterized by a median of 166 days on market, suggesting that buyers are taking more time to make purchasing decisions amidst elevated interest rate pressure.

Inventory levels are elevated, with a notable gap between the median listing price of $460,000 and the median sold price. This disparity may indicate seller expectations are not fully aligned with current buyer sentiment, contributing to a more cautious market atmosphere. Overall, the market temperature is classified as neutral, reflecting a balance between supply and demand, though affordability remains a concern due to ongoing elevated interest 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

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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 near 5.88% in Nashville TN are 0.59% lower than the average 6.47% rate seen earlier in 2026, presenting a cost-saving 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 stands at $400,000, indicating a stable market despite recent fluctuations.

2. Median days on market is 166, suggesting slower sales velocity and buyer caution in decision-making.

3. Elevated inventory levels may indicate pricing friction as sellers adjust expectations to align with buyer sentiment.

4. The median listing price of $460,000 exceeds the median sold price, highlighting potential challenges in achieving sales at asking prices.

5. Market temperature is neutral, suggesting a balanced environment but with affordability concerns due to 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.