Nashville - TN housing market
The Nashville metro has a typical home value of $455,068, down 0.9% from a year ago. Homes sell in 29 days on average - a balanced market. 28% of listings have had a price cut. Data from Zillow Research, updated monthly.
How to read this data
The typical home value ($455,068) is the Zillow Home Value Index for the Nashville - TN metro area , a smoothed, seasonally adjusted estimate of the typical value for middle-tier homes (33rd to 67th percentile) across single-family and condo properties.
Prices are down 0.9% over the past year. A home worth $459,201 last year is now worth roughly $455,068.
The median sale price , what homes actually close for , is $439,022. Homes are selling at 97.0% of list price, meaning buyers have room to negotiate.
Homes listed in Nashville - TN sit on the market for roughly 29 days before going pending. Shorter = seller's market; longer = buyer's market.
About 27.7% of current listings have had at least one price cut. High price-cut shares signal sellers are adjusting expectations downward.
Roughly 3,062 new listings hit the market each month in Nashville - TN. There are currently 9,674 homes for sale, up 14.2% from a year ago.
The typical monthly rent in Nashville - TN is $1,784, down 0.4% year over year. For investors, the price-to-rent ratio here is roughly 21x annual rent.
What's not on this page
This is market-level data, not property-level. We don't list individual homes for sale. For that, go to Zillow, Redfin, or your local MLS.
Other metros in TN
| Metro | Home value | 1-yr change | Days on market |
|---|---|---|---|
| Memphis - TN | $245,951 | +0.0% | 29.0d |
| Knoxville - TN | $363,741 | +1.6% | 21.0d |
| Chattanooga - TN | $324,101 | +0.3% | 25.0d |
| Clarksville - TN | $293,331 | -0.7% | 35.0d |
| Kingsport - TN | $243,171 | +1.0% | 24.0d |