Nashville, TN 37218 Real Estate Market Report

ZIP Code: 37218
Report Date: May 2026
Market Temperature: COLD
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.

---

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

---

Property Taxes

---

Liquidity & Velocity

---

Market Trends & Context

Understanding Market Temperature

A Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

---

Key Findings

1. The neighborhood’s primary market indicator, the median sold price of 404,000, anchors current value and — with the price year-over-year trend down and market temperature cold — signals a localized price correction and softer transaction pricing.

2. Slower sales velocity is evident: the median days on market is 291, which suggests extended marketing periods and reduced liquidity; this dynamic appears amplified by elevated interest rate pressure and a rent year-over-year trend that is down.

3. Listing and sale context shows the median listing price is 396,500 while the median sold price is 404,000, indicating seller expectations are broadly near recent transaction levels rather than meaningfully above them; this alignment may reduce immediate post-listing price volatility but also suggests pricing friction persists.

4. Sample-level supply signals point to relatively constrained active supply in the analyzed dataset while transaction activity is moderate, with the median price per square foot at 240 providing a stable unit-value reference for underwriting and pricing decisions — however, given the cold market temperature, underwriters should apply caution and stress-test for slower exits.

---

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 37218 Real Estate Market Report

ZIP Code: 37218
Report Date: May 2026
Market Temperature: COLD
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo sales and active listings within the past 90 days.

---

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 Cold market indicates weak buyer demand relative to available inventory, typically characterized by declining or flat prices, extended days on market, and elevated inventory levels relative to sales.

---

Key Findings

1. The primary indicator of market value is the median sold price, 478,500, which represents recent transaction activity and suggests realized market value is notably below asking expectations given the median listing price of 795,000; this gap may indicate pricing friction and that sellers’ expectations are outpacing closed sales.

2. The market shows prolonged time-to-contract with a median days on market of 366, which appears to reflect slower sales velocity and reduced liquidity even as transaction activity continues; sellers should expect longer marketing periods and buyers can expect more negotiating time.

3. Pricing context is further tempered by a median price per square foot of 280 and a median market rent of 1,049, while broader indicators show prices are down and the market temperature is cold, implying downward pressure on comps and constrained price appreciation.

4. Macro headwinds include elevated interest rate pressure and a rent year-over-year trend that is down, which together may continue to suppress buyer demand and support a cautious approach to pricing and hold periods for investment or resale strategies.

---

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.