Nashville, TN 37215 Real Estate Market Report

ZIP Code: 37215
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

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Executive Overview

The Nashville, TN (ZIP: 37215) market is currently characterized by a median sold price of $1,416,500, reflecting a robust demand despite the elevated interest rate environment. The neighborhood has increased up since 2023, indicating a positive trend in home values. This growth is notable against the backdrop of rising interest rates, which may impact buyer affordability but have not significantly deterred demand in this affluent area.

Transaction activity appears moderate, with 244 days on market suggesting a slower sales velocity. The elevated inventory levels indicate excess supply relative to sales activity, which may create pricing friction as sellers adjust expectations. Overall, the market temperature remains neutral, suggesting a balance between buyers and sellers, though the dynamics may shift as 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

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 6.12% are slightly higher than the recent average of 5.875% seen earlier in February 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 median sold price of $1,416,500 indicates strong market performance despite economic pressures.

2. With 244 days on market, the area is experiencing a slower sales velocity, which may suggest buyer hesitance.

3. The median listing price of $2,790,000 shows a significant gap compared to sold prices, indicating potential pricing friction for sellers.

4. The median market rent of $2,970 reflects a growing rental demand, which may support overall market stability.

5. Interest rate pressure remains elevated, with current mortgage rates around 6.12%, potentially impacting 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.