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

The median sold price in Nashville, TN (37218) is $408,950, reflecting a slight downward trend in home values as the market has decreased 8% since 2022. This decline indicates a cooling period following a phase of rapid growth, with the market now stabilizing into a more sustainable rhythm. The current median listing price stands at $395,999.50, suggesting some pricing friction as sellers adjust expectations in response to the market's evolving dynamics.

Transaction activity appears moderate, with 251 days on market indicating slower sales velocity. Elevated inventory levels relative to sales activity suggest that the market is experiencing excess supply, which may further contribute to the downward pressure on prices. Despite these trends, the local economy remains positive, supporting ongoing demand for housing in the area.

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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 the Nashville TN 37218 area average around 5.84% APR, which is 2.76% lower than the average origination rate of 8.625% seen earlier in 2026.

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 is $408,950, indicating a down trend in home values.

2. Median days on market are 251, reflecting a slower sales velocity in the current market.

3. The median listing price is $395,999.50, suggesting potential pricing friction as sellers adjust to market realities.

4. Elevated inventory levels relative to sales activity indicate excess supply in the market.

5. The median market rent is $2,173, which has also seen a down trend year-over-year.

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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.