Nashville, TN 37221 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

Key Findings

1. The neighborhood's primary market signal is the $534,500 median sold price, which indicates recent transaction values and suggests using recent sales as the basis for underwriting and pricing decisions rather than relying on asking prices; given current conditions, prioritize comps near this sold price for valuation work and contingency planning. balanced transaction context
2. There is a notable spread between the $667,400 median listing price and the $534,500 median sold price, which may indicate pricing friction and seller expectations above recent transaction levels; sellers should consider aligning list strategies to recent sold-price comps to reduce time on market, and buyers may be able to negotiate toward the representative recent sale level.
3. The 243 median days on market points to extended time to close relative to hotter markets and should be treated as slower sales velocity; lenders and investors should build longer marketing and holding-period assumptions into underwriting, and brokers should emphasize staged pricing and targeted buyer outreach to accelerate turnover.
4. Market context shows prices trending up while the market temperature is neutral and interest rate pressure is elevated, so expect cautious buyer engagement despite modest appreciation; monitor rate movement closely because the current elevated interest rate pressure can constrain leverage—consider structuring deals with flexible financing contingencies and pricing cushions. up

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.