Nashville, TN 37217 Real Estate Market Report

ZIP Code: 37217
Report Date: February 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

As of February 2026, the real estate market in Nashville, TN (ZIP: 37217) is characterized by a median sold price of $375,000, reflecting a cooling trend in home values. This represents a down trend in pricing, indicating that the neighborhood has decreased in value since previous periods. The current market conditions suggest that buyers may have more leverage, as evidenced by the median days on market reaching 242 days, which points to slower sales velocity and elevated inventory levels relative to transaction activity.

Despite the recent price adjustments, the underlying economic fundamentals in the area remain positive, suggesting potential for modest appreciation later in 2026. However, affordability continues to be a significant challenge, primarily due to elevated interest rate pressure, which is currently impacting buyer sentiment and overall market dynamics.

---

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.

---

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.

---

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.

---

Property Taxes

---

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.

---

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 6.1% are 1.7% lower than the 7.8% average rate seen in early 2026, presenting a cost-saving opportunity for refinancing.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $375,000 indicates a down trend in home values, suggesting buyers may find more favorable pricing.

2. With a median days on market of 242, the market is experiencing slower sales velocity, reflecting elevated inventory levels relative to sales activity.

3. The median listing price stands at $449,000, creating a notable pricing gap that may signal pricing friction for sellers.

4. The median market rent of $1,758 is also down, indicating a potential softening in rental demand.

5. The market temperature is currently neutral, suggesting a balanced environment despite the pressures from elevated interest rates.

---

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.