Is Nashville, TN 37204 a buyer’s or seller’s market?

The Nashville housing market right now

In the three months ending August 31, 2026, 7% of homes in Nashville, TN 37204 sold above their list price, the typical home went under contract in 71 days and there were 5.2 months of supply. Four to six months of supply is a balanced market, where pricing and condition decide how much room there is to negotiate. That’s based on 101 home sales.

Compared with the same period a year earlier, the share selling over asking was about the same (7% then), homes sold faster (80 days then) and the median sale price rose 31% to $1,224,470. Overall, Nashville is more competitive than a year ago, so tougher for buyers.

Within Davidson County, homes here sell more slowly than in 65% of the county’s ZIP codes, and sell less often over asking than in 85%. On our competition score, Nashville ranks #260 of 299 TN ZIP codes with enough sales (score 15 out of 100).

Nearby, buyers who want less competition could look at Nashville 37228 (0% sold over asking) or Nashville 37219 (0% sold over asking), while Nashville 37218 (29% sold over asking) and Whites Creek 37189 (22% sold over asking) are even more competitive.