
2116 Hobbs Rd Apt N3
Nashville, TN
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Featured local agent — Nashville, TN
Compass Real Estate · Nashville, TN
“Your trusted relocation specialist since 2009. 350+ homes sold. Zero-pressure, data-first approach.”
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Housing market overview · Updated monthly ·
$483,100median sale price
The median home sale price in Nashville, TN is $483,100, down 1.4% year-over-year. Homes sell in an average of 59 days with 4,892 active listings. The market is currently a buyer's market. (Source: Redfin monthly MLS data, as of May 2026 — the most recent Redfin release; Redfin publishes each month's data on a ~6-week lag.)
Nashville, TN is currently a buyer's market, based on 5.4 months of supply and homes selling in about 59 days. How we determine this →
Homes sold
913
Last 12 weeks
Days on market
59
Average pace
Active listings
4,892
5.4 months supply
Sale-to-list
98.1%
Below asking
| Metric | Value |
|---|---|
| Median sale price | $483,100 |
| Median list price | $520,000 |
| Year-over-year price change | -1.4% |
| Average days on market | 59 days |
| Active inventory | 4,892 listings |
| Months of supply | 5.4 months |
| Sale-to-list price ratio | 98.1% |
| Median price per sq ft | $277/sq ft |
| Homes sold (latest month) | 913 |
| New listings (latest month) | 1,496 |
| Listings with a price cut | 25.8% |
| Market condition | Buyer's market |
Source: Redfin · Updated monthly
How the Nashville, TN market breaks down across single-family homes, condos, and townhouses.
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $530,000 | $286/sq ft | 635 | 53 days |
| Condo / Co-op | $379,000 | $302/sq ft | 129 | 71 days |
| Townhouse | $339,643 | $216/sq ft | 134 | 72 days |
Source: Redfin · Updated monthly
The Nashville housing market is currently classified as a buyer's market with a median sale price of $483,100. Prices have fallen 1.4% compared to last year, with homes spending an average of 59 days on market, indicating 5.4 months of inventory.This inventory level gives buyers significantly more negotiating power, allowing time to inspect properties thoroughly and potentially negotiate better terms.
There are currently 4,892 homes listed for sale in Nashville, Tennessee. The median listing price is $520K. Featured listings range from $244,900 to $4,200,000.

Nashville, TN

Nashville, TN

Nashville, TN

Nashville, TN

Nashville, TN

Nashville, TN

Nashville, TN

Nashville, TN

Nashville, TN

Nashville, TN

Nashville, TN

Nashville, TN
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Active listings
4,892
Homes on market
Median list price
$520K
Avg. days on market
59
Days until sale
New this week
1,496
Newly listed
Zillow home value
$436,603
Zillow rent index
$1,825/mo
Price-to-rent ratio
19.9x
Source: Zillow Research
50 schools tracked · 36,030 students
The largest public schools serving Nashville, TN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
John Overton High
Grades 9-12 · 1,969 students
McGavock High
Grades 9-12 · 1,907 students
Valor Flagship Academy
Grades 5-12 · 1,403 students
Hunters Lane High
Grades 9-12 · 1,394 students
Hillsboro High
Grades 9-12 · 1,244 students
Martin Luther King Jr School
Grades 7-12 · 1,219 students
Glencliff High School
Grades 9-12 · 1,077 students
Hume - Fogg High
Grades 9-12 · 893 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Want a head-to-head view? Compare Nashville side-by-side with any other U.S. city using our market-comparison tool.
For investors evaluating Nashville, the price-to-rent ratio of 19.9x indicates higher purchase prices relative to rental income, typical of appreciation-focused markets. The market has softened 1.4% year-over-year, potentially creating entry opportunities for strategic buyers.Use our rent vs. buy calculator to analyze whether owning or renting makes more financial sense based on Nashville's current market conditions and your specific situation. Estimate your monthly payment with the mortgage calculator using Nashville's median home price.
The median home sale price in Nashville is $483,100, down 1.4% from last year.
Homes typically spend 59 days on market before going under contract.
With 5.4 months of supply, Nashville is currently a buyer's market.
There are currently 4892 homes listed for sale in Nashville, TN.
The Zillow Home Value Index (ZHVI) for Nashville is $436,603, representing the typical home value in the area.
The median condo/co-op sale price in Nashville, TN is $379,000, compared to $530,000 for a single-family home, based on the latest Redfin data.
The median single-family home price in Nashville, TN is $530,000 (about $286 per square foot).
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