Nashville, TN 37214 Real Estate Market Report

ZIP Code: 37214
Report Date: March 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

As of March 2026, the real estate market in Nashville, TN (ZIP: 37214) is characterized by a median sold price of $392,000, reflecting a stable market environment. The neighborhood has increased up since 2023, indicating a positive trend in property values. However, the market is experiencing elevated inventory levels which may suggest a shift towards a more negotiation-friendly atmosphere for buyers, as the number of active listings exceeds the volume of sales.

Transaction velocity appears to be slower, with properties spending a median of 214 days on market. This extended duration may indicate a cooling market, where buyers are taking more time to make decisions amidst increasing inventory. Overall, the market temperature is assessed as neutral, suggesting a balance between supply and demand, but with potential for further adjustments as local economic conditions evolve.

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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

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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 6.644% are slightly higher than the February 2026 average of 6.55%, indicating property owners locked in a marginally more favorable rate recently.

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 $392,000 reflects a stable market, with recent trends indicating positive growth since 2023.

2. With a median days on market of 214, properties are experiencing slower sales velocity, suggesting buyers are exercising caution in their purchasing decisions.

3. The median listing price stands at $405,000, which indicates a pricing gap that may create negotiation opportunities for buyers.

4. Current market conditions show elevated inventory levels, which may lead to a more favorable environment for buyers seeking to negotiate.

5. The median market rent of $2,000 suggests a stable rental market, although the year-over-year trend indicates a down movement in rental prices.

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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.