CHORD Nashville Team

Nashville, TN 37216

Single-Family Homes

info@CHORDrealestate.com 615.988.1001



Nashville, TN 37216

Thu Dec 01 2022
This week the median list price for Nashville, TN 37216 is $619,900 with the market action index hovering around 40. This is less than last month's market action index of 44. Inventory has held steady at or around 83. Click here to stay informed with the Nashville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Nashville, TN 37216

Thu Dec 01 2022
This week the median list price for Nashville, TN 37216 is $619,900 with the market action index hovering around 40. This is less than last month's market action index of 44. Inventory has held steady at or around 83. Click here to stay informed with the Nashville market!

Market Action Index

This answers “How’s the Market?” by comparing rate of sales versus inventory.

Slight Seller's Advantage

The market has been cooling over time and prices plateaued for a while. Despite the consistent decrease in MAI, we’re in the Seller’s zone. Watch for changes in MAI. If the MAI resumes its climb, prices will likely follow suit. If the MAI drops consistently or falls into the Buyer’s zone, watch for downward pressure on prices.

Real-Time Market Profile

Never miss important changes in the Nashville market.
Median List Price $619,900
Median Price of New Listings $567,500
Per Square Foot $331
Average Days on Market 57
Median Days on Market 42
Price Decreased 64%
Price Increased 2%
Relisted 11%
Inventory 83
Median Rent
Market Action 40
Slight Seller's Advantage

Prices in this zip code seem to have settled around a plateau. Look for a persistent down-shift in the Market Action Index before we see prices deviate from these levels.

Market Segments

Each segment below represents approximately 25% of the market ordered by price.

Median Price Sq. Ft. Lot Size Beds Bath Age New Absorbed DOM
$882,450 2,486 0.25 - 0.5 acre 4 3 31 1 1 24
$724,900 2,165 0 - 4,500 sqft 3 3 1 0 2 35
$550,000 1,641 0.25 - 0.5 acre 3 2 68 3 5 35
$425,000 1,224 0.25 - 0.5 acre 3 1.5 67 2 4 56