Nashville, TN 37216 Real Estate Market Report

ZIP Code: 37216
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 real estate market in Nashville, TN (ZIP: 37216) is characterized by a median sold price of $544,450, reflecting a stable yet slightly declining trend in property values. The neighborhood has decreased 8% since 2022, indicating a shift in market dynamics that may be influenced by elevated interest rates and a cautious buyer sentiment. The median listing price stands at $615,000, suggesting a notable gap between seller expectations and actual market performance, which could be contributing to slower sales activity.

The market is currently experiencing elevated inventory levels, with 211 median days on market, indicating a slower sales velocity and excess supply relative to transaction activity. Despite these challenges, the local economic fundamentals remain robust, and forecasts suggest a potential stabilization or modest appreciation in the coming year. Buyers appear to be adopting a wait-and-see approach, influenced by the 6.09% current 30-year fixed mortgage rates, which are lower than the previous year's average, yet still contribute to overall elevated interest rate pressure.

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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 the Nashville TN market around 6.09% are 0.78% lower than the 6.87% average seen one year ago.

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 $544,450 reflects a decreasing trend, having decreased 8% since 2022.

2. With a median listing price of $615,000, there is a significant gap between seller expectations and market realities, indicating potential pricing friction.

3. The median days on market of 211 suggests a slower sales velocity and elevated inventory relative to sales activity.

4. The market temperature is currently neutral, indicating balanced conditions despite the elevated inventory levels.

5. The median market rent is $1,790, remaining flat year-over-year, suggesting stable rental demand amidst changing sales dynamics.

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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.