ZIP 37118 Housing Market Report
Nashville Metro
Report period: May 2026
37118 Monthly Market Update – May 2026
ZIP 37118 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$599,900
−17.3%
Median DOM (Sales)
28
0.0%
New Listings (Sales)
1
−80.0%
Median Rent
—
—
Median DOM (Rental)
—
—
Total Rental Listings
—
—
Month-over-Month Movement
Median sale prices eased compared to last month.
What's Moving Fastest
- Fastest selling: Single Family (21 DOM)
- Fastest renting: Single Family (1 DOM)
- Strongest bedroom: 4 Beds ($835,000 median)
Sales Market Overview
Median Price
$599,900
−17.3%
Median DOM
28
0.0%
New Listings
1
−80.0%
Inventory
15
0.0%
- Average Price: $701,646
- Median Price: $599,900
- Price Range: $275,000 – $1,600,000
- Price per Sq Ft (Avg/Median): $282 / $263
- Square Footage (Avg/Median): 3,154 / 2,570
- Square Footage Range: 1,104 – 4,918
- Days on Market (Avg/Median): 34 / 28
- Days on Market Range: 2 – 99
- New Listings: 1
- Total Listings: 15
Sales by Property Type
Land
Avg/Median Price$344,980 / $349,900Range$275,000 – $450,000Price per Sq Ft—Sq Ft—DOM56 / 34New0Total5
Single Family
Avg/Median Price$879,979 / $800,000Range$290,000 – $1,600,000Price per Sq Ft$282 / $263Sq Ft3,154 / 2,570DOM28 / 21New1Total10
Sales by Bedroom Count
2 Beds
Avg:$290,000Median:$290,000Range:$290,000 – $290,000PSF:$263 / $263Sq Ft:1,104 / 1,104DOM:2 / 2New:1Total:1
3 Beds
Avg:$814,960Median:$725,000Range:$599,900 – $1,250,000PSF:$308 / $314Sq Ft:2,653 / 2,275DOM:38 / 28New:0Total:5
4 Beds
Avg:$1,108,748Median:$835,000Range:$800,000 – $1,600,000PSF:$254 / $244Sq Ft:4,292 / 3,996DOM:22 / 20New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $290,000 | $290,000 | $290,000 – $290,000 | $263 / $263 | 1,104 / 1,104 | 2 / 2 | 1 | 1 |
| 3 Beds | $814,960 | $725,000 | $599,900 – $1,250,000 | $308 / $314 | 2,653 / 2,275 | 38 / 28 | 0 | 5 |
| 4 Beds | $1,108,748 | $835,000 | $800,000 – $1,600,000 | $254 / $244 | 4,292 / 3,996 | 22 / 20 | 0 | 4 |
Rental Market Overview
Median Rent
$1,590
—
Median DOM
1
—
New Listings
0
Inventory
2
—
- Average Rent: $1,845
- Median Rent: $1,590
- Rent Range: $1,590 – $2,100
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,684 / 1,054
- Square Footage Range: 1,054 – 2,315
- Days on Market (Avg/Median): 2 / 1
- Days on Market Range: 1 – 3
- New Listings: 0
- Total Listings: 2
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: —
Condo
—
Median DOM: —
Inventory: —
MoM: —
Single Family
$1,590
Median DOM: 1
Inventory: 2
MoM: —
Townhouse
—
Median DOM: —
Inventory: —
MoM: —
Single Family
Avg/Median Rent$1,845 / $1,590Range$1,590 – $2,100Rent per Sq Ft$1 / $1Sq Ft1,684 / 1,054DOM2 / 1New0Total2
Rentals by Bedroom Count
2 Beds
Avg:$1,590Median:$1,590Range:$1,590 – $1,590PSF:$2 / $2Sq Ft:1,054 / 1,054DOM:3 / 3New:0Total:1
3 Beds
Avg:$2,100Median:$2,100Range:$2,100 – $2,100PSF:$1 / $1Sq Ft:2,315 / 2,315DOM:1 / 1New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $1,590 | $1,590 | $1,590 – $1,590 | $2 / $2 | 1,054 / 1,054 | 3 / 3 | 0 | 1 |
| 3 Beds | $2,100 | $2,100 | $2,100 – $2,100 | $1 / $1 | 2,315 / 2,315 | 1 / 1 | 0 | 1 |
6-Month Sales Trend
Dec 2025
Median Price:$799,000Median DOM:186New:0Total:9
Jan 2026
Median Price:$799,000Median DOM:150New:0Total:10
Feb 2026
Median Price:$799,000Median DOM:60New:2Total:10
Mar 2026
Median Price:$605,000Median DOM:18New:6Total:11
Apr 2026
Median Price:$725,000Median DOM:28New:5Total:15
May 2026
Median Price:$599,900Median DOM:28New:1Total:15
6-Month Rental Trend
Trend data unavailable.
Key Market Takeaways
Median sale prices softened this month while inventory remained stable. 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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