Nashville Home Sales and Pricing Trends

Market data through August 2026 | the Greater Nashville area

By Michael Thayer, CMPS, CMA | NMLS #173264

If you are buying or selling in the Nashville area, this report explains the latest numbers in plain language. It also shows what the numbers can and cannot tell you about one home.

The figures below cover a large area. They are a starting point. A home's location, price, condition, and contract terms still matter more than a broad average.

Bottom line: Use the metro overview to frame a local search. In August 2026, the Nashville metro area had 12,197 active listings and 4,040 new listings, with a median asking price of $539,900 and median time on market of 60 days. These listing measures help frame a search or pricing review; they do not establish a completed-sale price or the terms available on a particular home.

Greater Nashville Housing Market at a Glance

16,752 total active and pending listings

The source counted 16,752 homes that were active or under contract in the Greater Nashville area during August 2026.

12,197 active listings

The source counted 12,197 homes listed as active in the Greater Nashville area during August 2026. These were the homes buyers could generally compare at that time.

$539,900 median listing price

The middle asking price was $539,900. Half of the listed prices were lower and half were higher. This is not a sale price, appraisal, loan amount, or payment quote.

4,040 new listings

The source counted 4,040 homes added during August 2026. New listings are not closed sales.

60 median days on market

The middle listing had been on the market for 60 days. This does not mean every home will sell in that amount of time.

How to Read This Month's Market Data

The total listing count includes active and pending homes. The active count is part of that total. Do not add the two numbers together.

New listings show how many homes were added during the month. They do not show how many homes sold. Days on market shows the middle amount of time, not a promise for every seller.

The median listing price is the middle asking price. It becomes useful only when you compare it with the home's size, location, condition, taxes, insurance, and nearby choices.

Why This Matters in Greater Nashville

More choices can give a buyer time to compare homes. A well-priced home in good condition can still move quickly. A home that needs work, has a high price, or has been listed longer may leave more room to discuss price, repairs, closing costs, or timing.

The best question is not, "Is the whole market good or bad?" The better question is, "What does this home, at this price, with these terms, mean for my payment and my plan?"

That question turns a large market report into a useful review of one home, one budget, and one set of choices.

What This Could Mean if You Plan to Buy Soon

Use this report to prepare before the right home appears.

1. Focus on the full payment, not only the price.

A lower price can help, but it may not be the only useful choice. Depending on the home and loan, closing-cost help, a rate buydown, a different down payment, or a better closing date may matter more.

Compare these choices side by side:

A lower purchase price

Seller-paid closing costs

A seller-paid rate buydown, when allowed and useful

A different down payment or loan plan

A closing date that works for both sides

The goal is not to ask for every item. The goal is to find the plan that best fits your needs.

2. Let the home's history guide the talk.

Review the days on market, price changes, condition, repairs, and nearby competition. Those details often tell you more than a county or national average.

3. Compare the right homes.

Compare a home with other choices a real buyer would consider. Focus on location, size, condition, property type, land, and price range.

4. Keep the offer strong where it matters.

A good offer can protect the buyer and still be clear to the seller. Price, financing, inspection, appraisal, and timing should work together.

If You Are Selling in the Nashville area

Compare your home with the 12,197 active listings buyers could see during August 2026. Then narrow the list to homes with a similar location, size, condition, and price.

Before listing, review nearby active homes, recent contracts and sales, price changes, and condition. After listing, watch showings, buyer questions, online activity, new competition, and feedback.

Little or no response is useful information. It may be time to review the price, condition, photos, access, or terms.

A Market Headline Cannot Tell You What to Offer or Accept

A broad report cannot tell a buyer what to offer on one home. It also cannot tell a seller what to accept. One person may care most about price. Another may care more about cash needed, repairs, timing, or a lower payment.

Review the home, the financing, and the contract together. They are parts of the same decision.

What to Watch Next

Next data release: The next update for this FRED series is scheduled for October 1, 2026.

New listings and active choices: Watch the homes in the places and price ranges that matter to you.

Days on market and price changes: These can show where one seller may have more room to talk.

The home itself: One home can be much more competitive, or much more flexible, than the broad report.

Sources and Method

This report uses public listing data for August 2026. The data was reviewed for the exact area shown on this page. Source definitions and dates can differ.

Nashville-Davidson--Murfreesboro--Franklin (CBSA) total listing count: ACTLISCOU34980. August 2026 observation.

Realtor.com Research: Monthly housing inventory data. August 2026 observation.

Redfin Data Center: Release timing reference. No Redfin local figure is used in this report.

These market numbers are context. They are not an appraisal, loan approval, mortgage quote, or promise about one home's result. Loan terms and costs depend on the buyer, property, lender, and loan program.

Related Greater Nashville Resources

National Housing Data Report: National Housing Data Report

Weekly Mortgage Market and Rate Update: Read the latest weekly update

Homebuying Roadmap: Your Mortgage GPS

Property-Specific Mortgage and Home Offer Strategy

1. Send me the property address before you write an offer or respond to one. I will help you compare the home, nearby competition, payment choices, cash needed, and contract terms. The decision should be based on the home in front of you, not a headline.

GREATER NASHVILLE MSA MARKET UPDATE

Redfin June 2026 sales data and FRED July 2026 listing data. Sources retrieved August 12, 2026.

Prepared by Michael Thayer, CMPS, CMA

This report covers the entire Nashville-Davidson-Murfreesboro-Franklin metropolitan area. It is not a Davidson County report. Conditions can be different by county, city, neighborhood, price range, property type, and home.

GREATER NASHVILLE MSA MARKET AT A GLANCE

12,192 active listings in July

1. The FRED active-listing series for the Nashville metropolitan area rose from 11,823 in June to 12,192 in July. That is 369 more active listings, an increase of about 3.1% from one month to the next. This count includes active single-family homes and condos or townhomes and excludes pending listings.

4,208 new listings in July

1. The FRED new-listing series for the Nashville metropolitan area recorded 4,208 new listings in July, down from 4,800 in June. These monthly counts are not seasonally adjusted, so normal summer timing can affect a one-month comparison.

$539,900 median listing price in July

1. The FRED median-listing-price series for the Nashville metropolitan area was $539,900 in July, nearly unchanged from $539,945 in June. A listing price is an asking price, not a closed sale price or an appraisal.

58 median days on market in July

1. The FRED median-days-on-market series for the Nashville metropolitan area increased from 53 days in June to 58 days in July. This measure is based on listing activity reported through Realtor.com and does not predict how long a particular home will take to sell.

$498,507 median sale price in June

1. Redfin's June 2026 housing market report placed the Nashville metro median sale price at $498,507, up 2.8% from a year earlier. Pending sales were up 4.7% year over year, closed home sales were up 4.8%, new listings were up 9.4%, and active listings were unchanged from a year earlier.

78 median days on market in Redfin's June report

1. Redfin reported a 78-day median, eight days longer than a year earlier. This number differs from the FRED listing series because the sources use different records, timing, and definitions. The two measures should be read as separate views of the metro market, not combined into one number.

National mortgage-rate context

1. The Freddie Mac 30-year fixed mortgage rate reported through FRED averaged 6.69% for the week ending August 6, 2026. This is a national survey average, not a quote. A borrower's rate can vary with credit, loan type, property, down payment, points, and market timing.

PLAIN-LANGUAGE MARKET READING

The clearest signal is choice. Active inventory rose again in July, while homes were taking longer to move than a year earlier in Redfin's June comparison. Buyers may have more room to compare homes and ask questions. Sellers face more competition for attention. At the same time, the metro median sale price was still above its year-earlier level, and closed and pending sales were also higher. This is not a market where every home is falling in value or every buyer can expect the same negotiation result.

BUYER DECISION GUIDE

1. Compare several homes and recent sales within the same school area, price band, property type, and condition.
2. Use the extra inventory to inspect carefully. Do not skip due diligence because a metro average looks favorable.
3. Ask for a property-specific payment comparison. A lower price, seller credit, or rate option can affect the payment in different ways.
4. Build a plan before touring with Your Mortgage GPS.

SELLER DECISION GUIDE

1. Price against today's active competition and the most relevant recent sales, not a peak-market memory.
2. Prepare the home so buyers can quickly see condition, value, and any major improvements.
3. Watch showing activity, feedback, and competing listings during the first weeks. A metro median cannot replace a property-level review.
4. Discuss price, repairs, credits, and timing as separate choices before changing the plan.

HOMEOWNER CHECKPOINT

Use these trends as broad context for a refinance, move, or equity conversation, but do not treat the metro median as your home's value. A useful review should include the home's condition, recent nearby sales, remaining loan balance, expected transaction costs, and the timing of the next purchase.

COMPARE NASHVILLE WITH THE UNITED STATES

Use the National Housing Data Report to compare Greater Nashville MSA conditions with United States trends. The two pages use separate geography classes so Nashville metro data is never presented as Davidson County data and national data is never presented as local fact.

SOURCE AND METHOD NOTES

1. Redfin June 2026 housing market report: sales and market measures for major United States metropolitan areas. Redfin states that most reported figures are seasonally adjusted, except median sale price and mortgage-rate data.
2. Redfin Nashville buyer-market report: additional Nashville metro context, published July 27, 2026.
3. FRED Housing Inventory Core Metrics: Realtor.com listing measures, monthly and not seasonally adjusted. July observations were updated August 7, 2026.
4. FRED 30-year fixed mortgage average: Freddie Mac national survey, weekly.

All figures can be revised. These data describe a broad market and do not establish a home's value, a buyer's eligibility, a future price, a guaranteed negotiation outcome, or a mortgage rate available to a specific person.

Data collected from March 1, 2026, through March 31, 2026, show a cooling trend in Nashville's housing market. The median sale price of $469,945 is down from $474,900 last month and $460,000 a year ago, while the median list price of $499,997 is also lower than both previous periods. These figures suggest a shift in buyer and seller expectations, with prices stabilizing but not rising.

The market is showing signs of increased inventory and slower movement. Active inventory rose to 4,352 units, up from 4,044 a year ago and 3,912 last month, pushing the months of supply to 5.4. This indicates more homes on the market and less urgency for buyers. Median days on market increased to 98 days, up from 64 days a year ago, and the average sale-to-list ratio remained flat at 97.1%, suggesting that buyers are still negotiating aggressively but not pushing prices down significantly.

What This Means for Buyers

Buyers in Nashville have more options and more time to evaluate homes. With inventory rising and days on market increasing, there is greater flexibility to negotiate. The 23.4% of listings that saw price reductions and the 34.7% of homes that went off the market within two weeks suggest that buyers can be selective and may find opportunities in competitive listings.

What This Means for Sellers

Sellers in Nashville are facing a more balanced market. With inventory up and days on market increasing, it may take longer to sell a home. The median sale price is below the median list price, indicating that sellers may need to adjust their pricing strategies to attract buyers. However, the market remains stable, and homes that are priced competitively can still sell quickly.

Source: Redfin