Nashville, TN 37217 Real Estate Market Report

ZIP Code: 37217
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.

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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.

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Key Findings

1. $364,950 is the primary indicator of market value based on recent transactions: the neighborhood's median sold price aligns with a up price year-over-year trend, suggesting modest appreciation while remaining grounded in actual sale outcomes.

2. The gap between the median listing price of $424,950 and the median sold price of $364,950 suggests pricing friction where seller expectations may exceed recent transaction levels; this divergence may indicate the need for price adjustments or longer negotiation periods to convert listings into closed sales.

3. With a median days on market of 289, the area is experiencing slower sales velocity consistent with a neutral market temperature; combined with the sample indicating relatively constrained active supply, this implies measured buyer activity rather than rapid turnover.

4. Rental and financing context raise caution for investors: the median market rent of $1,650 coincides with a down rent year-over-year trend, while elevated interest rate pressure (elevated) may compress yields and increase financing costs—investors should stress-test cash flow assumptions accordingly.

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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.

Nashville, TN 37217 Real Estate Market Report

ZIP Code: 37217
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

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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

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Property Taxes

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Liquidity & Velocity

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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.

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Key Findings

1. 244,900 median sold price is the most reliable indicator of recent value and suggests transactions are settling below asking: the gap between the median listing price (254,900) and the median sold price points to pricing friction where sellers may need to align expectations to recent closed sales; balanced-to-cautionary guidance for pricing and negotiations.

2. 244,900 median sold price combined with a long median days on market (321) indicates slower sales velocity—this may require targeted marketing or price adjustments to accelerate closings in the near term; moderate liquidity appears to be the operative condition.

3. 244,900 median sold price and a median price per square foot of 186 imply that per-unit value is holding in the mid-range of local comparables; with the price year-over-year trend reported as up, sellers commanding market-based comps may still realize incremental appreciation.

4. 244,900 median sold price sits alongside a median market rent of 1,399 and a rent year-over-year trend of down, suggesting weakening rental income potential—buyers focused on buy-to-rent should stress-test underwriting assumptions given elevated interest rate pressure.

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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.