Is Nashville, TN 37218 a buyer’s or seller’s market?
Nashville is a buyer’s market. With about 6.5 months of supply, buyers usually have more time and more room to negotiate on price and terms.
More competitive than 34% of U.S. ZIP codes, and #83 of 299 in the state.
Based on share sold above original list, sale-to-list ratio, months of supply and days on market for the 3 months ending August 31, 2026. See the breakdown
The Nashville housing market right now
In the three months ending August 31, 2026, 29% of homes in Nashville, TN 37218 sold above their list price, the typical home went under contract in 70 days and there were 6.5 months of supply. More than six months of supply favors buyers, who usually have more time and more room to negotiate. That’s based on 57 home sales.
Compared with the same period a year earlier, the share selling over asking rose from 4%, homes sold more slowly (58 days then) and the median sale price fell 4% to $434,762. Overall, Nashville is more competitive than a year ago, so tougher for buyers.
Within Davidson County, homes here sell more slowly than in 62% of the county’s ZIP codes, and sell more often over asking than in any other ZIP code in the county. On our competition score, Nashville ranks #83 of 299 TN ZIP codes with enough sales (score 36 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).
Run the numbers for 37218
Nearby markets
Antioch 37013Buyer’s market $206 /sq ftGoodlettsville 37072Balanced $221 /sq ftHermitage 37076Balanced $218 /sq ftJoelton 37080Buyer’s market $232 /sq ft Browse all markets →Towns like Nashville nearby
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Questions about Nashville real estate
Is Nashville a buyer’s or seller’s market?
A buyer’s market: there were 6.5 months of supply in Nashville, TN 37218 in the three months ending August 31, 2026. Under four months usually favors sellers, and more than six favors buyers.
How fast do homes sell in Nashville?
The typical home went under contract in 70 days in the latest three months.
Do homes in Nashville sell over asking?
29% of homes sold above their original list price, and the typical sale closed at 98.2% of the list price.
What are property taxes in Nashville?
About 0.60% of a home’s value a year in Davidson County, or roughly $2,400 on a $400,000 home.
What is the median home price in Nashville?
The median sale price was $434,762 in the three months ending August 31, 2026, about $261 per square foot.
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Market data describes housing activity only. Figures are rolling 3-month values from Redfin and may be revised. Methodology