$244,900
2116 Hobbs Rd Apt N3
Nashville, TN
1 bd1 ba748 sqft$327/ft²
Townhouse871 sqft lot
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Compass Real Estate · Nashville, TN
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Nashville, TN Housing Market
Buyer's market-3.8% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Nashville, TN is worth $429,741, fell 3.8% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $483,100, -1.4% year over year (through May 2026). With 5.4 months of supply and homes going under contract in about 59 days, Nashville is a buyer's market. At today's 7.03% 30-year fixed rate, 20% down on a $429,741 home is about $2,294/mo in principal and interest.
Key numbers for Nashville, TN
Typical home value
$429,741
-3.8% in 12 months
Zillow, August 2026
Typical asking rent
$1,834/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$483,100
-1.4% year over year
Redfin, through May 2026
Days on market
59
Average pace
Redfin, through May 2026
Active listings
4,892
5.4 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Sale-to-list ratio
98.1%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Nashville a buyer's or seller's market?
Buyer's market5.4 months of supply59 days on market98.1% of asking
Nashville, TN is a buyer's market, based on 5.4 months of supply and homes selling in about 59 days. Above 5 months of supply, homes start accumulating faster than they clear, which is where buyers gain leverage on price, repairs, and closing costs.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Nashville housing market data show?
Every row below is Redfin's final published month for Nashville, TN. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $483,100 |
| Median list price | $520,000 |
| Year-over-year price change | -1.4% |
| Median price per sq ft | $277/sq ft |
| Median days on market | 59 days |
| Active inventory | 4,892 listings |
| Months of supply | 5.4 months |
| Sale-to-list price ratio | 98.1% |
| Homes sold (that month) | 913 |
| New listings (that month) | 1,496 |
| Listings with a price cut | 25.8% |
| Market condition | Buyer's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Nashville is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Nashville is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Nashville home prices moved?
Over the last three years the median sale price in Nashville, TN rose 8.9%, from $443,500 to $483,100. The live Zillow value series has fell 3.8% in the last 12 months, which is the more current read now that Redfin's series has stopped. 25.8% of Nashville listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 5.4 months while the sale-to-list ratio slips below its current 98.1%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Nashville?
Priced off the typical home value of $429,741 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $85,948 | $343,793 | $2,294/mo |
| 5% | $21,487 | $408,254 | $2,724/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $2,294, that implies roughly $98,323 a year before you add taxes and insurance. We do not hold a Census income figure for Nashville, so we cannot compare that threshold to local earnings.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Nashville in the next 12 months?
Tell us your timeline. We send the Nashville market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Nashville?
Typical asking rent in Nashville, TN is $1,834/mo, against a typical home value of $429,741. That is a price-to-rent ratio of 19.5x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $2,294 a month — $460 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Nashville?
Active listings in Nashville, TN went from 4,668 in May 2025 to 4,892 in May 2026, a +4.8% change. Inventory has been roughly flat, which usually keeps prices moving with rates rather than with local supply.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 4,782 | 1,444 |
| July 2025 | 4,830 | 1,359 |
| August 2025 | 4,749 | 1,243 |
| September 2025 | 4,719 | 1,181 |
| October 2025 | 4,709 | 1,258 |
| November 2025 | 4,521 | 959 |
| December 2025 | 3,930 | 670 |
| January 2026 | 3,813 | 934 |
| February 2026 | 3,954 | 1,062 |
| March 2026 | 4,422 | 1,582 |
| April 2026 | 4,803 | 1,648 |
| May 2026 | 4,892 | 1,496 |
Redfin, through May 2026
How does Nashville compare to Tennessee and the U.S.?
Nashville homes sell for $483,100 — 17% above the Tennessee median of $413,200. Against the national median of $410,700, Nashville runs 18% higher. Year-over-year, Nashville moved -1.4% against Tennessee's +3.0% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Nashville, TN | $483,100 | -1.4% | 59 days |
| Tennessee statewide | $413,200 | +3.0% | 61 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Nashville
What buyers should watch
- Months of supply, currently 5.4. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 25.8%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $430 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $429,741 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Nashville listing goes under contract in 59 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 98.1% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Nashville added 1,496 new listings against 913 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved -3.8% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Nashville varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Nashville
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.
$260,000
1532 Lewis Rd
Nashville, TN
2 bd2 ba1,132 sqft$230/ft²
Townhouse2,178 sqft lot
View photos & details
$292,995
417 W Stonehaus Xing
Nashville, TN
3 bd3 ba1,714 sqft$171/ft²
Townhouse
View photos & details
$325,000
417 Cottonwood Dr
Nashville, TN
2 bd2 ba1,143 sqft$284/ft²
House31,363 sqft lot
View photos & details
$398,000
118 Valentine Aly
Nashville, TN
3 bd3 ba1,817 sqft$219/ft²
Townhouse
View photos & details
$419,000
134 Valentine Aly
Nashville, TN
3 bd3 ba1,817 sqft$231/ft²
Townhouse
View photos & details
$499,000
1000 Free Silver Rd
Nashville, TN
3 bd3 ba2,087 sqft$239/ft²
Townhouse871 sqft lot
View photos & details
$719,900
409 Barbara Dr
Nashville, TN
3 bd3 ba1,849 sqft$389/ft²
House42,253 sqft lot
View photos & details
$1,129,900
1107 8th Ave S Apt 723
Nashville, TN
3 bd2 ba1,139 sqft$992/ft²
Condo
View photos & details
$1,439,900
1107 8th Ave S Unit 1111
Nashville, TN
4 bd3 ba1,859 sqft$775/ft²
Condo
View photos & details
$2,695,500
136A 39th Ave N
Nashville, TN
5 bd6 ba4,815 sqft$560/ft²
House7,841 sqft lot
View photos & details
$4,200,000
663 Hunters Trl
Nashville, TN
5 bd7 ba6,342 sqft$662/ft²
House5.00 acres
View photos & details
Looking to buy in Nashville?
Get connected with a local real estate expert — free, no obligation.
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
Price drops:25.8%of listings
Sale-to-list:98.1%
How much do homes cost in Nashville by property type?
How the Nashville, TN market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| 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 |
Which public schools serve Nashville?
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.
Which cities are near Nashville, TN?
Ordered by distance from Nashville, not by size. Compare Nashville side by side with any of them.
Nashville housing market FAQ
Is Nashville a buyer's or seller's market?
Nashville, TN is currently a buyer's market. That read comes from 5.4 months of supply, homes going under contract in about 59 days, and sellers getting 98.1% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Nashville?
The typical home in Nashville, TN is worth $429,741 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $483,100, about $277 per square foot.
Is Nashville cheaper than the rest of Tennessee?
Nashville's median sale price of $483,100 is 17% higher than the Tennessee statewide median of $413,200, and 18% above the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Nashville?
Homes in Nashville, TN spent a median of 59 days on market before going under contract, versus 61 days statewide. That is a normal pace: enough time to see a home twice, not enough to wait a month. (Redfin, through May 2026.)
What income do you need to buy a home in Nashville?
At the current 30-year fixed rate of 7.03%, 20% down on a $429,741 home is about $2,294 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $98,323 a year before taxes, insurance, HOA dues or mortgage insurance.
Are home prices rising in Nashville?
The typical home value in Nashville, TN fell 3.8% over the last 12 months, from $446,837 to $429,741 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Nashville?
Nashville ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Nashville?
That depends on your timeline, not on a headline. What the data says today: Nashville, TN is a buyer's market with 5.4 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 19.5x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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