Is Nashville, TN 37216 a buyer’s or seller’s market?

The Nashville housing market right now

In the three months ending August 31, 2026, 13% of homes in Nashville, TN 37216 sold above their list price, the typical home went under contract in 54 days and there were 4.3 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 127 home sales.

Compared with the same period a year earlier, the share selling over asking fell from 16%, homes sold more slowly (50 days then) and the median sale price fell 11% to $488,289. Overall, Nashville is less competitive than a year ago, which gives buyers more room.

Within Davidson County, homes here sell faster than in 85% of the county’s ZIP codes, and sell more often over asking than in 65%. On our competition score, Nashville ranks #140 of 299 TN ZIP codes with enough sales (score 30 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.