Nashville, TN 37217 Real Estate Market Report

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

---

Executive Overview

As of March 2026, the real estate market in Nashville, TN (ZIP: 37217) exhibits a median sold price of $365,000, reflecting a stable market environment. The neighborhood has experienced a flat price trend, suggesting that while there is some stability in pricing, there is limited upward momentum in values. This stability is accompanied by a median days on market of 299, indicating a slower sales velocity and a market that may be adjusting to current economic conditions.

Inventory levels appear elevated relative to sales activity, with a notable presence of excess supply. This shift may indicate a slight easing in buyer competition, allowing for more negotiation power for potential buyers. However, the market temperature remains neutral, suggesting that while conditions are not overly favorable for either buyers or sellers, the overall balance is maintained amidst elevated interest rate pressure, which is currently affecting demand.

---

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 the Nashville market average 6.64% APR, which is 0.46% higher than the average rate of 6.18% seen in early 2026.

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 $365,000 indicates stable pricing in the market, with no significant appreciation observed recently.

2. With a median days on market of 299, the market is experiencing slower sales velocity, suggesting potential pricing friction for sellers.

3. Elevated inventory levels are present, indicating excess supply relative to sales activity, which may provide buyers with more negotiation power.

4. The median listing price stands at $407,250, which reflects a notable gap compared to the median sold price, suggesting that sellers may need to adjust expectations to align with market realities.

5. Current interest rate pressure is elevated, with mortgage rates averaging 6.64%, potentially dampening buyer enthusiasm and impacting overall demand.

---

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.