ZIP 37172 Housing Market Report
Nashville Metro
Report period: May 2026
37172 Monthly Market Update – May 2026
ZIP 37172 · Last updated May 12, 2026 · Data range Dec 2025 – May 2026
Executive Snapshot
Median Sale Price
$369,900
−2.6%
Median DOM (Sales)
49
−3.9%
New Listings (Sales)
27
−60.3%
Median Rent
$1,695
0.0%
Median DOM (Rental)
32
0.0%
Total Rental Listings
62
+5.1%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (9 DOM)
- Fastest renting: Apartment (16 DOM)
- Strongest bedroom: 4 Beds ($537,900 median)
Sales Market Overview
Median Price
$369,900
−2.6%
Median DOM
49
−3.9%
New Listings
27
−60.3%
Inventory
282
+4.1%
- Average Price: $480,831
- Median Price: $369,900
- Price Range: $55,000 – $7,500,000
- Price per Sq Ft (Avg/Median): $228 / $222
- Square Footage (Avg/Median): 2,052 / 1,743
- Square Footage Range: 615 – 10,000
- Days on Market (Avg/Median): 77 / 49
- Days on Market Range: 2 – 357
- New Listings: 27
- Total Listings: 282
Sales by Property Type
Condo
Avg/Median Price$207,267 / $199,900Range$196,900 – $225,000Price per Sq Ft$212 / $209Sq Ft979 / 957DOM61 / 58New1Total3
Land
Avg/Median Price$575,878 / $250,000Range$60,500 – $7,500,000Price per Sq Ft—Sq Ft—DOM140 / 116New3Total49
Manufactured
Avg/Median Price$311,967 / $225,000Range$175,000 – $479,900Price per Sq Ft$215 / $226Sq Ft1,439 / 1,080DOM56 / 16New0Total6
Multi-Family
Avg/Median Price$309,450 / $299,000Range$299,000 – $319,900Price per Sq Ft$165 / $120Sq Ft2,006 / 1,519DOM37 / 9New0Total2
Single Family
Avg/Median Price$477,665 / $387,900Range$55,000 – $2,499,900Price per Sq Ft$230 / $227Sq Ft2,107 / 1,793DOM70 / 48New20Total206
Townhouse
Avg/Median Price$366,548 / $349,990Range$329,990 – $415,000Price per Sq Ft$208 / $218Sq Ft1,784 / 1,580DOM24 / 23New3Total16
Sales by Bedroom Count
Studio
Avg:$152,500Median:$55,000Range:$55,000 – $250,000PSF:$100 / $89Sq Ft:1,435 / 615DOM:95 / 54New:0Total:2
2 Beds
Avg:$299,462Median:$312,800Range:$175,000 – $396,990PSF:$207 / $193Sq Ft:1,514 / 1,323DOM:34 / 23New:4Total:15
3 Beds
Avg:$405,402Median:$350,000Range:$179,000 – $1,350,000PSF:$232 / $229Sq Ft:1,786 / 1,580DOM:70 / 48New:16Total:161
4 Beds
Avg:$676,293Median:$537,900Range:$275,000 – $2,499,900PSF:$228 / $211Sq Ft:2,967 / 2,696DOM:61 / 32New:4Total:51
5 Beds
Avg:$704,698Median:$499,900Range:$429,000 – $1,189,900PSF:$204 / $178Sq Ft:3,406 / 2,768DOM:63 / 32New:0Total:4
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $152,500 | $55,000 | $55,000 – $250,000 | $100 / $89 | 1,435 / 615 | 95 / 54 | 0 | 2 |
| 2 Beds | $299,462 | $312,800 | $175,000 – $396,990 | $207 / $193 | 1,514 / 1,323 | 34 / 23 | 4 | 15 |
| 3 Beds | $405,402 | $350,000 | $179,000 – $1,350,000 | $232 / $229 | 1,786 / 1,580 | 70 / 48 | 16 | 161 |
| 4 Beds | $676,293 | $537,900 | $275,000 – $2,499,900 | $228 / $211 | 2,967 / 2,696 | 61 / 32 | 4 | 51 |
| 5 Beds | $704,698 | $499,900 | $429,000 – $1,189,900 | $204 / $178 | 3,406 / 2,768 | 63 / 32 | 0 | 4 |
Rental Market Overview
Median Rent
$1,695
0.0%
Median DOM
32
0.0%
New Listings
7
Inventory
62
+5.1%
- Average Rent: $1,658
- Median Rent: $1,695
- Rent Range: $1,075 – $2,349
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,282 / 1,282
- Square Footage Range: 470 – 2,244
- Days on Market (Avg/Median): 57 / 32
- Days on Market Range: 1 – 243
- New Listings: 7
- Total Listings: 62
Rentals by Property Type
Apartment
$1,350
Median DOM: 16
Inventory: 14
MoM: 0.0%
Condo
$1,200
Median DOM: 26
Inventory: 4
MoM: 0.0%
Single Family
$1,800
Median DOM: 31
Inventory: 36
MoM: 0.0%
Townhouse
$1,700
Median DOM: 103
Inventory: 6
MoM: 0.0%
Apartment
Avg/Median Rent$1,330 / $1,350Range$1,100 – $1,650Rent per Sq Ft$1 / $1Sq Ft953 / 950DOM68 / 16New1Total14
Condo
Avg/Median Rent$1,544 / $1,200Range$1,075 – $2,000Rent per Sq Ft$1 / $1Sq Ft1,261 / 1,215DOM29 / 26New1Total4
Multi-Family
Avg/Median Rent$1,198 / $1,100Range$1,100 – $1,295Rent per Sq Ft$2 / $1Sq Ft757 / 650DOM174 / 169New0Total2
Single Family
Avg/Median Rent$1,820 / $1,800Range$1,350 – $2,349Rent per Sq Ft$1 / $1Sq Ft1,421 / 1,400DOM40 / 31New5Total36
Townhouse
Avg/Median Rent$1,683 / $1,700Range$1,600 – $1,700Rent per Sq Ft$1 / $1Sq Ft1,375 / 1,375DOM97 / 103New0Total6
Rentals by Bedroom Count
Studio
Avg:$1,870Median:$1,870Range:$1,870 – $1,870PSF:$1 / $1Sq Ft:2,244 / 2,244DOM:32 / 32New:0Total:1
1 Beds
Avg:$1,160Median:$1,175Range:$1,075 – $1,200PSF:$2 / $1Sq Ft:787 / 664DOM:14 / 8New:2Total:4
2 Beds
Avg:$1,484Median:$1,450Range:$1,100 – $2,250PSF:$2 / $2Sq Ft:1,012 / 995DOM:86 / 37New:1Total:14
3 Beds
Avg:$1,756Median:$1,789Range:$1,100 – $2,349PSF:$1 / $1Sq Ft:1,390 / 1,375DOM:51 / 37New:4Total:43
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,870 | $1,870 | $1,870 – $1,870 | $1 / $1 | 2,244 / 2,244 | 32 / 32 | 0 | 1 |
| 1 Beds | $1,160 | $1,175 | $1,075 – $1,200 | $2 / $1 | 787 / 664 | 14 / 8 | 2 | 4 |
| 2 Beds | $1,484 | $1,450 | $1,100 – $2,250 | $2 / $2 | 1,012 / 995 | 86 / 37 | 1 | 14 |
| 3 Beds | $1,756 | $1,789 | $1,100 – $2,349 | $1 / $1 | 1,390 / 1,375 | 51 / 37 | 4 | 43 |
6-Month Sales Trend
Dec 2025
Median Price:$357,000Median DOM:68New:49Total:316
Jan 2026
Median Price:$359,900Median DOM:68New:62Total:292
Feb 2026
Median Price:$374,900Median DOM:56New:49Total:283
Mar 2026
Median Price:$379,900Median DOM:55New:61Total:255
Apr 2026
Median Price:$379,900Median DOM:51New:68Total:271
May 2026
Median Price:$369,900Median DOM:49New:27Total:282
6-Month Rental Trend
Dec 2025
Median Rent:$1,680Median DOM:35New:22Total:63
Jan 2026
Median Rent:$1,695Median DOM:25New:20Total:71
Feb 2026
Median Rent:$1,680Median DOM:31New:11Total:63
Mar 2026
Median Rent:$1,700Median DOM:30New:18Total:64
Apr 2026
Median Rent:$1,695Median DOM:32New:14Total:59
May 2026
Median Rent:$1,695Median DOM:32New:7Total:62
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, while total rental inventory increased.
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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