Published October 26, 2026 in Market Update

Prices look steady in Nashville, even with more homes coming to market

By Leigh-Ann Parkinson

Real estate, Nashville

Prices in Nashville are holding. That means pricing your home right still decides everything. Redfin reported that Nashville home prices changed 0.0% month over month in September. The Real Estate Data Aggregator counted a $499,500 median sale price in ZIP 37221 for the three months ending August 31, 2026. That is down just 0.1% from the same period in 2025. Steady, not sliding.

More homes came to market. The Real Estate Data Aggregator recorded 262 new listings in ZIP 37221 over those three months. That is up 22.4% from the same stretch in 2025. More choices for buyers means your price has to earn attention.

Here is the encouraging part. The Real Estate Data Aggregator found that homes sold faster, not slower. Median days on market fell 3 days from the year before, landing at 54 days. Sales volume rose 8.6%. The market is moving.

Buyers are still paying close to list

The Real Estate Data Aggregator put the average sale price as a share of list price at 98.3% in ZIP 37221. That is up 0.2 points from a year ago. Sellers are getting nearly what they ask, when they ask the right amount.

Not every home sold above list. The Real Estate Data Aggregator counted 13.6% of homes in ZIP 37221 selling above list price. That is up 1.2 points from 2025. A small share, but a growing one.

Some homes are moving fast

The Real Estate Data Aggregator found that 30.5% of homes in ZIP 37221 went under contract within two weeks of listing. That share is up 4.9 points from a year ago. Nearly 1 in 3 listings found a buyer quickly. The others took longer.

The wider Nashville picture

Realtor.com put the Nashville-Davidson-Murfreesboro-Franklin metro median home price at $533,995 in September 2026. Realtor.com also reported that 22.5% of listings in that metro had a price cut in September. That is a real number. It tells you that overpriced homes are not getting away with it.

Redfin reported that Nashville home prices rose 2.9% year over year in September. That lines up with the broader national picture. Redfin also reported that U.S. home prices rose 3.8% year over year in September, the fastest annual growth rate since June 2025.

Mortgage rates are a factor

Realtor.com reported that mortgage rates topped 7% in September 2026 for the first time since January 2025. That adds to monthly costs for buyers. It does not stop sales, but it shapes what buyers can offer.

One more thing worth knowing. The numbers above cover all of ZIP 37221. One street can read very differently from the whole ZIP code. A block near a park, a school zone line or a busy road can shift the picture entirely.