Nashville, TN
Monthly housing intelligence, market trends, and trusted local expertise.
Updated: May 2026
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How Strong Is Your Nashville Home's Selling Position?
See how your property stacks up against Nashville's current market conditions, buyer demand, inventory, and recent sales.
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The Nashville-Davidson–Murfreesboro–Franklin Metropolitan Statistical Area is exhibiting stabilizing market conditions. The pending ratio stands at 0.47, indicating a relatively balanced absorption of available inventory, although this represents a 3.4% decline year-over-year. Active listings have grown by 13.3% year-over-year to 11,374 units.
Active listings in Nashville increased by 13.3% year-over-year, reaching 11,374 units. New listings also rose by 5.0% over the past year. The median listing price registered a modest 0.2% month-over-month increase while declining 1.7% year-over-year, settling at $539,900. Days on market extended to 52, a 6.1% increase year-over-year. The share of price reductions decreased by 2.3% year-over-year to 18.7%.
Music City demand keeps pressing prices upward despite higher rates.
Market Signals & Indicators
The current market dynamics suggest a more measured pace for transactions. While demand is consistently absorbing just under half of the available stock, the year-over-year growth in inventory and days on market indicates diminishing urgency for buyers. Price discipline is becoming increasingly important for sellers given the expansion of available supply.
The average listing price increased by 2.5% year-over-year to $878,561, while the median listing price declined by 1.7%. Concurrently, the median price per square foot experienced a slight decrease of 0.9% year-over-year to $263, and the median square footage remained stable. This divergence between average and median price movements, alongside the softening in price per square foot metrics, suggests some softening in the higher-priced segments of the market.
11,374 active listings represent the current floor, with new supply arriving at roughly 4,736 per month.
of active listings carry a price reduction, -2.3% from prior period.
Median price per square foot has moved -0.9% year-over-year.
Pending-to-active ratio — Stabilizing.
Metro Demographics
ZIPs in Nashville, TN
37042
clarksville
$320K
563 active · 47 DOM
37043
clarksville
$445K
509 active · 57 DOM
37066
gallatin
$475K
503 active · 45 DOM
37064
franklin
$1.15M
434 active · 49 DOM
37040
clarksville
$334K
388 active · 59 DOM
37209
nashville
$642K
374 active · 60 DOM
37122
mount juliet
$642K
361 active · 46 DOM
37075
hendersonville
$565K
354 active · 44 DOM
37211
nashville
$450K
346 active · 54 DOM
37128
murfreesboro
$472K
343 active · 47 DOM
37203
nashville
$700K
343 active · 71 DOM
37027
brentwood
$1.81M
330 active · 54 DOM
37174
spring hill
$540K
318 active · 46 DOM
37087
lebanon
$526K
307 active · 47 DOM
37207
nashville
$520K
291 active · 54 DOM
37129
murfreesboro
$521K
273 active · 41 DOM
37208
nashville
$595K
236 active · 59 DOM
37167
smyrna
$472K
227 active · 46 DOM
Sorted by active inventory · click a ZIP for its full report