Nashville, TN 37221 Real Estate Market Report

ZIP Code: 37221
Report Date: April 2026
Market Temperature: NEUTRAL
Scope: Single-Family Residential (SFR) listings and comps only

---

Executive Overview

The real estate market in Nashville, TN (ZIP: 37221) is currently characterized by a median sold price of $575,000, reflecting a stable market environment. Although the market has seen some fluctuations, it remains on an upward trajectory with a year-over-year price trend reported as up. This suggests a resilient demand, despite some areas experiencing slight price decreases.

Transaction activity is moderate, with the median days on market reaching 228 days, indicating slower sales velocity. The current inventory levels appear elevated relative to sales activity, which may suggest a balanced market phase as buyers and sellers adjust to the evolving landscape. The median listing price stands at $624,900, indicating a notable gap between asking and sold prices, which could create pricing friction as sellers recalibrate expectations in response to market conditions.

---

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

---

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 37221 are averaging 6.25%, which is 0.75% higher than the average rates seen in early 2026.

Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.

---

Key Findings

1. The median sold price of $575,000 indicates a stable market with potential for continued appreciation as demand remains strong.

2. Transaction velocity is slower, with median days on market at 228 days, suggesting longer sales cycles in the current environment.

3. Elevated inventory levels are present, indicating excess supply relative to sales activity, which may impact pricing dynamics moving forward.

4. The median listing price of $624,900 reflects a significant gap compared to the sold price, indicating potential pricing friction as sellers adjust expectations.

5. Current mortgage rates average 6.25%, which is 0.75% higher than earlier in 2026, contributing to moderate interest rate pressure on buyer affordability.

---

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.