Nashville, TN 37218 Real Estate Market Report

ZIP Code: 37218
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: 37218) is characterized by a median sold price of $414,000, reflecting a stable market condition. The neighborhood has decreased 8% since 2022, indicating a slight softening in market values. This trend suggests that while prices are stabilizing, they are not currently appreciating, which may influence buyer sentiment and expectations moving forward.

The market is experiencing elevated inventory levels with slower sales velocity, as evidenced by a median days on market of 248. This extended time frame for listings may indicate a shift towards a more balanced market, where buyers have more options and can negotiate more effectively. The median listing price stands at $399,945, which, while close to the sold price, highlights potential pricing friction as sellers adjust their expectations in response to market conditions. Overall, the market appears to be transitioning, with a neutral market temperature and moderate interest rate pressure contributing to a cautious outlook for both buyers and sellers.

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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.

Current Mortgage Rate Context

Market-level mortgage rate comparison for this area:

Current 30-year fixed mortgage rates in Nashville TN at 5.875% are notably lower than the 2026 average rate of 6.76% seen in recent Tennessee originations.

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 $414,000 suggests a stable market, but a decrease of 8% since 2022 indicates softening values.

2. With a median days on market of 248, the market is experiencing slower sales velocity, allowing buyers more time to make decisions.

3. The median listing price of $399,945 is closely aligned with sold prices, indicating pricing friction as sellers adjust expectations.

4. Elevated inventory levels suggest excess supply relative to sales activity, which may lead to further price stabilization.

5. The median market rent of $2,173 remains stable, reflecting flat rental demand despite recent fluctuations.

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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.