ZIP 37031 Housing Market Report
Nashville Metro
Report period: August 2026
37031 Monthly Market Update – August 2026
ZIP 37031 · Last updated Aug 10, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$424,900
−0.2%
Median DOM (Sales)
50
0.0%
New Listings (Sales)
2
−81.8%
Median Rent
$1,850
0.0%
Median DOM (Rental)
21
+5.0%
Total Rental Listings
4
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Rents were stable.
What's Moving Fastest
- Fastest selling: Manufactured (29 DOM)
- Fastest renting: Single Family (21 DOM)
- Strongest bedroom: 4 Beds ($599,900 median)
Sales Market Overview
Median Price
$424,900
−0.2%
Median DOM
50
0.0%
New Listings
2
−81.8%
Inventory
48
+2.1%
- Average Price: $512,465
- Median Price: $424,900
- Price Range: $134,900 – $1,699,900
- Price per Sq Ft (Avg/Median): $255 / $241
- Square Footage (Avg/Median): 2,374 / 2,176
- Square Footage Range: 980 – 4,653
- Days on Market (Avg/Median): 69 / 50
- Days on Market Range: 2 – 278
- New Listings: 2
- Total Listings: 48
Sales by Property Type
Land
Avg/Median Price$284,236 / $224,000Range$134,900 – $515,000Price per Sq Ft—Sq Ft—DOM89 / 55New0Total14
Manufactured
Avg/Median Price$267,000 / $259,000Range$259,000 – $275,000Price per Sq Ft$238 / $212Sq Ft1,138 / 980DOM108 / 29New0Total2
Single Family
Avg/Median Price$627,657 / $575,000Range$159,900 – $1,699,900Price per Sq Ft$256 / $241Sq Ft2,451 / 2,264DOM57 / 39New2Total32
Sales by Bedroom Count
2 Beds
Avg:$504,475Median:$259,000Range:$159,900 – $899,999PSF:$273 / $264Sq Ft:1,916 / 1,474DOM:65 / 26New:0Total:4
3 Beds
Avg:$592,356Median:$475,000Range:$170,000 – $1,699,900PSF:$251 / $236Sq Ft:2,342 / 2,121DOM:59 / 50New:1Total:24
4 Beds
Avg:$730,766Median:$599,900Range:$354,900 – $1,250,000PSF:$258 / $241Sq Ft:2,809 / 2,554DOM:62 / 28New:1Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $504,475 | $259,000 | $159,900 – $899,999 | $273 / $264 | 1,916 / 1,474 | 65 / 26 | 0 | 4 |
| 3 Beds | $592,356 | $475,000 | $170,000 – $1,699,900 | $251 / $236 | 2,342 / 2,121 | 59 / 50 | 1 | 24 |
| 4 Beds | $730,766 | $599,900 | $354,900 – $1,250,000 | $258 / $241 | 2,809 / 2,554 | 62 / 28 | 1 | 6 |
Rental Market Overview
Median Rent
$1,850
0.0%
Median DOM
21
+5.0%
New Listings
0
Inventory
4
0.0%
- Average Rent: $2,461
- Median Rent: $1,850
- Rent Range: $1,000 – $3,995
- Rent per Sq Ft (Avg/Median): $1 / $2
- Square Footage (Avg/Median): 2,019 / 1,130
- Square Footage Range: 575 – 3,731
- Days on Market (Avg/Median): 43 / 21
- Days on Market Range: 20 – 96
- New Listings: 0
- Total Listings: 4
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: 0.0%
Condo
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
$1,850
Median DOM: 21
Inventory: 4
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Single Family
Avg/Median Rent$2,461 / $1,850Range$1,000 – $3,995Rent per Sq Ft$1 / $2Sq Ft2,019 / 1,130DOM43 / 21New0Total4
Rentals by Bedroom Count
1 Beds
Avg:$1,000Median:$1,000Range:$1,000 – $1,000PSF:$2 / $2Sq Ft:575 / 575DOM:96 / 96New:0Total:1
3 Beds
Avg:$2,922Median:$1,850Range:$1,850 – $3,995PSF:$2 / $2Sq Ft:1,886 / 1,130DOM:21 / 20New:0Total:2
4 Beds
Avg:$3,000Median:$3,000Range:$3,000 – $3,000PSF:$1 / $1Sq Ft:3,731 / 3,731DOM:33 / 33New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $1,000 | $1,000 | $1,000 – $1,000 | $2 / $2 | 575 / 575 | 96 / 96 | 0 | 1 |
| 3 Beds | $2,922 | $1,850 | $1,850 – $3,995 | $2 / $2 | 1,886 / 1,130 | 21 / 20 | 0 | 2 |
| 4 Beds | $3,000 | $3,000 | $3,000 – $3,000 | $1 / $1 | 3,731 / 3,731 | 33 / 33 | 0 | 1 |
6-Month Sales Trend
Mar 2026
Median Price:$425,000Median DOM:41New:16Total:57
Apr 2026
Median Price:$389,900Median DOM:49New:8Total:46
May 2026
Median Price:$407,628Median DOM:73New:8Total:45
Jun 2026
Median Price:$389,987Median DOM:36New:17Total:44
Jul 2026
Median Price:$425,900Median DOM:50New:11Total:47
Aug 2026
Median Price:$424,900Median DOM:50New:2Total:48
6-Month Rental Trend
Mar 2026
Median Rent:$1,500Median DOM:30New:1Total:3
Apr 2026
Median Rent:$1,200Median DOM:30New:0Total:2
May 2026
Median Rent:$1,100Median DOM:14New:1Total:2
Jun 2026
Median Rent:$1,100Median DOM:44New:0Total:2
Jul 2026
Median Rent:$1,850Median DOM:20New:3Total:4
Aug 2026
Median Rent:$1,850Median DOM:21New:0Total:4
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market were unchanged, signaling steady buyer activity. Rental pricing remained stable, while total rental inventory was flat.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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