CHORD Nashville Team

Nashville, TN 37206

Single-Family Homes

info@CHORDrealestate.com 615.988.1001



Nashville, TN 37206

Thu Dec 01 2022
This week the median list price for Nashville, TN 37206 is $724,999 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has decreased to 95. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 37206

Thu Dec 01 2022
This week the median list price for Nashville, TN 37206 is $724,999 with the market action index hovering around 40. This is less than last month's market action index of 42. Inventory has decreased to 95. 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 have recently flattened. Despite the consistent decrease in Market Action Index (MAI), we’re in a Seller’s Market (where significant demand leaves little inventory available). If the MAI begins to 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 $724,999
Median Price of New Listings $784,900
Per Square Foot $343
Average Days on Market 70
Median Days on Market 49
Price Decreased 57%
Price Increased 5%
Relisted 24%
Inventory 95
Median Rent
Market Action 40
Slight Seller's Advantage

In the last few weeks we’ve seen prices in this zip code bouncing around this 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
$1,399,000 3,243 6,500 - 8,000 sqft 4 3.5 0 0 2 63
$809,999 2,439 8,000 - 10,000 sqft 4 3 0 2 2 49
$639,000 2,036 6,500 - 8,000 sqft 3 2.5 34 1 3 49
$467,450 1,362 0.25 - 0.5 acre 3 1.3 70 0 2 42