ZIP 37204 Housing Market Report
Nashville Metro
Report period: August 2026
37204 Monthly Market Update – August 2026
ZIP 37204 · Last updated Aug 12, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$1,100,000
−4.3%
Median DOM (Sales)
56
+1.8%
New Listings (Sales)
13
−76.4%
Median Rent
$2,495
+1.0%
Median DOM (Rental)
28
0.0%
Total Rental Listings
71
−7.8%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory tightened.
What's Moving Fastest
- Fastest selling: Land (13 DOM)
- Fastest renting: Townhouse (1 DOM)
- Strongest bedroom: 6 Beds ($2,850,000 median)
Sales Market Overview
Median Price
$1,100,000
−4.3%
Median DOM
56
+1.8%
New Listings
13
−76.4%
Inventory
222
−1.3%
- Average Price: $1,409,198
- Median Price: $1,100,000
- Price Range: $165,000 – $8,150,000
- Price per Sq Ft (Avg/Median): $470 / $437
- Square Footage (Avg/Median): 2,901 / 2,529
- Square Footage Range: 418 – 12,962
- Days on Market (Avg/Median): 67 / 56
- Days on Market Range: 2 – 321
- New Listings: 13
- Total Listings: 222
Sales by Property Type
Apartment
Avg/Median Price$394,633 / $389,000Range$319,900 – $474,999Price per Sq Ft$405 / $383Sq Ft1,003 / 1,016DOM90 / 85New0Total3
Condo
Avg/Median Price$334,992 / $324,900Range$165,000 – $643,750Price per Sq Ft$406 / $381Sq Ft857 / 864DOM84 / 76New3Total30
Land
Avg/Median Price$971,772 / $775,000Range$460,800 – $1,419,900Price per Sq Ft—Sq Ft—DOM45 / 13New2Total6
Multi-Family
Avg/Median Price$1,383,167 / $1,000,000Range$749,500 – $2,400,000Price per Sq Ft$493 / $521Sq Ft2,797 / 3,282DOM88 / 17New0Total3
Single Family
Avg/Median Price$1,877,063 / $1,500,000Range$179,900 – $8,150,000Price per Sq Ft$511 / $480Sq Ft3,611 / 3,458DOM62 / 47New6Total137
Townhouse
Avg/Median Price$801,642 / $705,000Range$359,000 – $1,574,900Price per Sq Ft$389 / $372Sq Ft2,207 / 2,016DOM71 / 58New2Total43
Sales by Bedroom Count
Studio
Avg:$257,450Median:$235,000Range:$235,000 – $279,900PSF:$616 / $562Sq Ft:418 / 418DOM:163 / 5New:1Total:2
1 Beds
Avg:$369,764Median:$319,000Range:$165,000 – $2,200,000PSF:$412 / $383Sq Ft:828 / 756DOM:87 / 84New:1Total:25
2 Beds
Avg:$534,078Median:$479,000Range:$359,000 – $1,050,000PSF:$424 / $402Sq Ft:1,277 / 1,269DOM:66 / 49New:3Total:29
3 Beds
Avg:$975,996Median:$899,000Range:$525,000 – $1,800,000PSF:$479 / $441Sq Ft:2,113 / 2,046DOM:66 / 56New:1Total:48
4 Beds
Avg:$1,706,970Median:$1,425,000Range:$599,000 – $8,150,000PSF:$473 / $441Sq Ft:3,489 / 3,227DOM:64 / 47New:2Total:67
5 Beds
Avg:$2,571,959Median:$2,300,000Range:$1,275,000 – $5,199,000PSF:$505 / $499Sq Ft:5,056 / 4,588DOM:64 / 56New:3Total:39
6 Beds
Avg:$3,373,832Median:$2,850,000Range:$1,999,990 – $5,395,000PSF:$563 / $521Sq Ft:5,954 / 5,470DOM:43 / 27New:0Total:6
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $257,450 | $235,000 | $235,000 – $279,900 | $616 / $562 | 418 / 418 | 163 / 5 | 1 | 2 |
| 1 Beds | $369,764 | $319,000 | $165,000 – $2,200,000 | $412 / $383 | 828 / 756 | 87 / 84 | 1 | 25 |
| 2 Beds | $534,078 | $479,000 | $359,000 – $1,050,000 | $424 / $402 | 1,277 / 1,269 | 66 / 49 | 3 | 29 |
| 3 Beds | $975,996 | $899,000 | $525,000 – $1,800,000 | $479 / $441 | 2,113 / 2,046 | 66 / 56 | 1 | 48 |
| 4 Beds | $1,706,970 | $1,425,000 | $599,000 – $8,150,000 | $473 / $441 | 3,489 / 3,227 | 64 / 47 | 2 | 67 |
| 5 Beds | $2,571,959 | $2,300,000 | $1,275,000 – $5,199,000 | $505 / $499 | 5,056 / 4,588 | 64 / 56 | 3 | 39 |
| 6 Beds | $3,373,832 | $2,850,000 | $1,999,990 – $5,395,000 | $563 / $521 | 5,954 / 5,470 | 43 / 27 | 0 | 6 |
Rental Market Overview
Median Rent
$2,495
+1.0%
Median DOM
28
0.0%
New Listings
11
Inventory
71
−7.8%
- Average Rent: $3,455
- Median Rent: $2,495
- Rent Range: $850 – $9,950
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,611 / 1,236
- Square Footage Range: 405 – 4,700
- Days on Market (Avg/Median): 57 / 28
- Days on Market Range: 1 – 287
- New Listings: 11
- Total Listings: 71
Rentals by Property Type
Apartment
$1,400
Median DOM: 143
Inventory: 16
MoM: +1.0%
Condo
$1,800
Median DOM: 21
Inventory: 13
MoM: +1.0%
Single Family
$5,400
Median DOM: 29
Inventory: 31
MoM: +1.0%
Townhouse
$2,750
Median DOM: 1
Inventory: 8
MoM: +1.0%
Apartment
Avg/Median Rent$1,549 / $1,400Range$850 – $2,500Rent per Sq Ft$2 / $2Sq Ft734 / 650DOM123 / 143New0Total16
Condo
Avg/Median Rent$1,807 / $1,800Range$1,250 – $2,500Rent per Sq Ft$2 / $2Sq Ft866 / 756DOM26 / 21New3Total13
Multi-Family
Avg/Median Rent$3,198 / $2,200Range$1,795 – $5,600Rent per Sq Ft$2 / $2Sq Ft1,343 / 860DOM37 / 43New0Total3
Single Family
Avg/Median Rent$5,287 / $5,400Range$850 – $9,950Rent per Sq Ft$2 / $2Sq Ft2,454 / 2,550DOM48 / 29New3Total31
Townhouse
Avg/Median Rent$2,939 / $2,750Range$2,025 – $3,600Rent per Sq Ft$2 / $2Sq Ft1,411 / 1,400DOM74 / 1New5Total8
Rentals by Bedroom Count
Studio
Avg:$1,303Median:$1,206Range:$1,128 – $1,477PSF:$3 / $3Sq Ft:500 / 470DOM:105 / 66New:0Total:4
1 Beds
Avg:$1,562Median:$1,550Range:$850 – $2,200PSF:$2 / $2Sq Ft:708 / 650DOM:64 / 28New:3Total:22
2 Beds
Avg:$2,419Median:$2,495Range:$1,790 – $3,300PSF:$2 / $2Sq Ft:1,146 / 1,144DOM:77 / 29New:2Total:14
3 Beds
Avg:$3,593Median:$3,600Range:$1,895 – $5,500PSF:$2 / $2Sq Ft:1,780 / 1,563DOM:18 / 13New:5Total:12
4 Beds
Avg:$6,083Median:$6,000Range:$2,500 – $8,900PSF:$2 / $2Sq Ft:2,872 / 2,725DOM:37 / 33New:0Total:12
5 Beds
Avg:$7,964Median:$7,900Range:$5,900 – $9,950PSF:$2 / $2Sq Ft:3,562 / 3,592DOM:85 / 46New:1Total:7
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,303 | $1,206 | $1,128 – $1,477 | $3 / $3 | 500 / 470 | 105 / 66 | 0 | 4 |
| 1 Beds | $1,562 | $1,550 | $850 – $2,200 | $2 / $2 | 708 / 650 | 64 / 28 | 3 | 22 |
| 2 Beds | $2,419 | $2,495 | $1,790 – $3,300 | $2 / $2 | 1,146 / 1,144 | 77 / 29 | 2 | 14 |
| 3 Beds | $3,593 | $3,600 | $1,895 – $5,500 | $2 / $2 | 1,780 / 1,563 | 18 / 13 | 5 | 12 |
| 4 Beds | $6,083 | $6,000 | $2,500 – $8,900 | $2 / $2 | 2,872 / 2,725 | 37 / 33 | 0 | 12 |
| 5 Beds | $7,964 | $7,900 | $5,900 – $9,950 | $2 / $2 | 3,562 / 3,592 | 85 / 46 | 1 | 7 |
6-Month Sales Trend
Mar 2026
Median Price:$1,165,000Median DOM:34New:61Total:162
Apr 2026
Median Price:$1,150,000Median DOM:38New:60Total:193
May 2026
Median Price:$1,150,000Median DOM:37New:71Total:214
Jun 2026
Median Price:$1,175,000Median DOM:48New:44Total:219
Jul 2026
Median Price:$1,150,000Median DOM:55New:55Total:225
Aug 2026
Median Price:$1,100,000Median DOM:56New:13Total:222
6-Month Rental Trend
Mar 2026
Median Rent:$2,200Median DOM:19New:26Total:83
Apr 2026
Median Rent:$2,150Median DOM:24New:21Total:79
May 2026
Median Rent:$2,200Median DOM:27New:27Total:83
Jun 2026
Median Rent:$2,495Median DOM:32New:19Total:81
Jul 2026
Median Rent:$2,470Median DOM:28New:21Total:77
Aug 2026
Median Rent:$2,495Median DOM:28New:11Total:71
Key Market Takeaways
Median sale prices softened this month while inventory compressed. Days on market lengthened, signaling slower buyer activity. Rental pricing increased, while total rental inventory tightened.
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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