Nashville, TN 37215 Real Estate Market Report

ZIP Code: 37215
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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, are 6.27%, reflecting the prevailing market environment for property owners in this area during May 2026.

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 neighborhood's primary market-value indicator is the median sold price of $1,477,500, which reflects recent transaction activity and aligns with a price year-over-year trend that is up, supporting modest appreciation.

2. There is a pronounced gap between the median listing price of $2,150,000 and the median sold price of $1,477,500, which suggests pricing friction and that seller expectations may be above what the market is transacting for; this dynamic appears alongside elevated inventory relative to sales activity.

3. The median days on market is 297, indicating materially slower transaction velocity and reduced liquidity versus faster-turning markets; this pace may require longer marketing periods or price adjustments to achieve timely sales.

4. Elevated interest rate pressure is present with current 30-year fixed mortgage rates at 6.27%, while rent year-over-year trend is down, creating near-term headwinds for demand even as the market temperature remains neutral and overall conditions trend toward balance.

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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.

Nashville, TN 37215 Real Estate Market Report

ZIP Code: 37215
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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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, are 6.27%, reflecting the prevailing market environment for property owners in this area during May 2026.

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 neighborhood's primary market value indicator is the median sold price of 530,000, which represents the most reliable signal of recent transaction activity and should be prioritized over asking prices when valuing nearby SFR and condo listings.

2. Sellers are listing at a median listing price of 579,900, which combined with a long median days on market of 286 suggests pricing friction and slower sales velocity rather than rapid turnover in this ZIP code.

3. Market context shows prices are trending up year-over-year (priceYoYTrend: up) while the market temperature is described as neutral, indicating a transition toward a more balanced market where negotiation remains possible for buyers.

4. Interest rate pressure is elevated (interestRatePressure: elevated); Current 30-year fixed mortgage rates in Nashville, TN, are 6.27%, and rent trends are moving down year-over-year (rentYoYTrend: down), which together may temper investor appetite and favor more cautious underwriting for buy-and-hold strategies.

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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.