Nashville, TN 37221 Real Estate Market Report

ZIP Code: 37221
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. The primary market indicator is the median sold price of 587,500, which represents recent transaction-level value and suggests modest price appreciation in the area given the wider market context; up price trend supports this interpretation.

2. The median days on market of 223 points to slower sales velocity and longer time-to-contract relative to fast-moving neighborhoods, which may indicate increased negotiation leverage for buyers and neutral balance between supply and demand.

3. There is a notable spread between the median listing price of 674,900 and the median sold price, which signals pricing friction where seller expectations exceed realized transaction prices and balanced market temperature appears to be moderating close rates.

4. Higher borrowing costs and financing headwinds are a material headwind: elevated interest rate pressure combined with rising rents (median market rent of 2,150 and up rent trend) suggests continued investor interest in rental demand even as purchase-side activity cools, while the median price per square foot of 257 provides a consistent unit-value reference for underwriting and comps.

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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 37221 Real Estate Market Report

ZIP Code: 37221
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

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

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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. The primary indicator of market value and recent transaction activity is the median sold price, reported at 354,900, which anchors current neighborhood valuations and should be treated as the representative recent sale benchmark.

2. The market shows modest price appreciation with a year-over-year price trend of up and a median listing price of 349,950, suggesting asking prices are closely aligned with recent sold values and seller expectations remain near transaction reality.

3. Liquidity appears muted: the median days on market is 268, which suggests slower sales velocity and possible pricing friction despite overall balanced conditions; this may indicate buyers have more time to evaluate listings and negotiate.

4. Broader market context is mixed—market temperature is neutral while rent trends are up (median market rent 1,650), but interest rate pressure is elevated, which may constrain buyer capacity even as rental demand supports investment interest.

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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.