Nashville, TN 37217 Real Estate Market Report

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

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

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

Key Findings

1. The neighborhood's median sold price is $320,000, which should be treated as the primary indicator of recent market value and transaction activity; this level, combined with a median listing price of $412,450, suggests persistent pricing gaps that may require seller concessions to close deals.
2. Sales velocity is slow: the median days on market is 276, which indicates prolonged marketing time and suggests buyers currently have more time to negotiate rather than competing in rapid bidding scenarios.
3. Pricing per area shows a median price per square foot of $212, which combined with the median sold price implies careful underwriting is needed for acquisitions and refinance decisions; investors should compare this to property-specific condition and upgrades before offering market terms.
4. Rental fundamentals remain supportive: median market rent is $1,595 and the rent year-over-year trend is up, while interest rate pressure is described as moderate with 30-year fixed mortgage rates around 6.5%, indicating financing costs are a continuing consideration for both owner-occupiers and investors.

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.