ZIP 37216 Housing Market Report
Nashville Metro
Report period: March 2026
37216 Monthly Market Update – March 2026
ZIP 37216 · Last updated Mar 12, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$594,000
0.0%
Median DOM (Sales)
51
−10.5%
New Listings (Sales)
21
−58.8%
Median Rent
$2,300
−4.0%
Median DOM (Rental)
40
0.0%
Total Rental Listings
120
+0.8%
Month-over-Month Movement
Median sale prices were flat. Days on market improved. Rents softened. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Multi-Family (10 DOM)
- Fastest renting: Single Family (24 DOM)
- Strongest bedroom: 8 Beds ($900,000 median)
Sales Market Overview
Median Price
$594,000
0.0%
Median DOM
51
−10.5%
New Listings
21
−58.8%
Inventory
222
−11.9%
- Average Price: $756,331
- Median Price: $594,000
- Price Range: $42,000 – $9,500,000
- Price per Sq Ft (Avg/Median): $343 / $326
- Square Footage (Avg/Median): 1,901 / 1,845
- Square Footage Range: 547 – 5,022
- Days on Market (Avg/Median): 63 / 51
- Days on Market Range: 1 – 323
- New Listings: 21
- Total Listings: 222
Sales by Property Type
Apartment
Avg/Median Price$450,000 / $450,000Range$450,000 – $450,000Price per Sq Ft$477 / $477Sq Ft943 / 943DOM285 / 285New0Total1
Condo
Avg/Median Price$352,200 / $340,000Range$264,900 – $545,000Price per Sq Ft$371 / $367Sq Ft969 / 791DOM103 / 69New0Total9
Land
Avg/Median Price$2,065,589 / $600,000Range$42,000 – $9,500,000Price per Sq Ft—Sq Ft—DOM67 / 80New3Total19
Multi-Family
Avg/Median Price$706,600 / $799,900Range$419,900 – $900,000Price per Sq Ft$277 / $275Sq Ft2,548 / 3,024DOM68 / 10New1Total3
Single Family
Avg/Median Price$674,916 / $620,000Range$249,900 – $1,795,000Price per Sq Ft$338 / $325Sq Ft2,063 / 1,981DOM53 / 33New15Total138
Townhouse
Avg/Median Price$572,717 / $550,000Range$244,900 – $2,396,000Price per Sq Ft$355 / $325Sq Ft1,613 / 1,748DOM77 / 77New2Total52
Sales by Bedroom Count
Studio
Avg:$249,900Median:$249,900Range:$249,900 – $249,900PSF:$457 / $457Sq Ft:547 / 547DOM:155 / 155New:0Total:1
1 Beds
Avg:$301,721Median:$289,900Range:$244,900 – $380,000PSF:$346 / $325Sq Ft:882 / 954DOM:59 / 57New:1Total:14
2 Beds
Avg:$417,788Median:$429,900Range:$284,900 – $607,000PSF:$390 / $368Sq Ft:1,100 / 1,127DOM:76 / 55New:1Total:34
3 Beds
Avg:$604,649Median:$575,000Range:$350,000 – $975,000PSF:$334 / $326Sq Ft:1,838 / 1,800DOM:52 / 28New:7Total:81
4 Beds
Avg:$799,221Median:$699,999Range:$349,000 – $2,396,000PSF:$334 / $318Sq Ft:2,417 / 2,234DOM:69 / 66New:9Total:65
5 Beds
Avg:$1,283,650Median:$869,900Range:$864,900 – $1,699,900PSF:$343 / $325Sq Ft:3,660 / 3,367DOM:31 / 35New:0Total:4
6 Beds
Avg:$1,310,000Median:$825,000Range:$825,000 – $1,795,000PSF:$283 / $209Sq Ft:4,480 / 3,939DOM:95 / 65New:0Total:2
7 Beds
Avg:$399,900Median:$399,900Range:$399,900 – $399,900PSF:$138 / $138Sq Ft:2,905 / 2,905DOM:16 / 16New:0Total:1
8 Beds
Avg:$900,000Median:$900,000Range:$900,000 – $900,000PSF:$298 / $298Sq Ft:3,024 / 3,024DOM:188 / 188New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $249,900 | $249,900 | $249,900 – $249,900 | $457 / $457 | 547 / 547 | 155 / 155 | 0 | 1 |
| 1 Beds | $301,721 | $289,900 | $244,900 – $380,000 | $346 / $325 | 882 / 954 | 59 / 57 | 1 | 14 |
| 2 Beds | $417,788 | $429,900 | $284,900 – $607,000 | $390 / $368 | 1,100 / 1,127 | 76 / 55 | 1 | 34 |
| 3 Beds | $604,649 | $575,000 | $350,000 – $975,000 | $334 / $326 | 1,838 / 1,800 | 52 / 28 | 7 | 81 |
| 4 Beds | $799,221 | $699,999 | $349,000 – $2,396,000 | $334 / $318 | 2,417 / 2,234 | 69 / 66 | 9 | 65 |
| 5 Beds | $1,283,650 | $869,900 | $864,900 – $1,699,900 | $343 / $325 | 3,660 / 3,367 | 31 / 35 | 0 | 4 |
| 6 Beds | $1,310,000 | $825,000 | $825,000 – $1,795,000 | $283 / $209 | 4,480 / 3,939 | 95 / 65 | 0 | 2 |
| 7 Beds | $399,900 | $399,900 | $399,900 – $399,900 | $138 / $138 | 2,905 / 2,905 | 16 / 16 | 0 | 1 |
| 8 Beds | $900,000 | $900,000 | $900,000 – $900,000 | $298 / $298 | 3,024 / 3,024 | 188 / 188 | 0 | 1 |
Rental Market Overview
Median Rent
$2,300
−4.0%
Median DOM
40
0.0%
New Listings
18
Inventory
120
+0.8%
- Average Rent: $2,477
- Median Rent: $2,300
- Rent Range: $895 – $7,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 1,413 / 1,349
- Square Footage Range: 492 – 4,000
- Days on Market (Avg/Median): 71 / 40
- Days on Market Range: 1 – 310
- New Listings: 18
- Total Listings: 120
Rentals by Property Type
Apartment
$1,400
Median DOM: 109
Inventory: 16
MoM: −4.0%
Condo
$1,795
Median DOM: 65
Inventory: 14
MoM: −4.0%
Single Family
$2,600
Median DOM: 24
Inventory: 67
MoM: −4.0%
Townhouse
$2,550
Median DOM: 30
Inventory: 9
MoM: −4.0%
Apartment
Avg/Median Rent$2,014 / $1,400Range$895 – $5,806Rent per Sq Ft$2 / $2Sq Ft998 / 750DOM138 / 109New1Total16
Condo
Avg/Median Rent$2,144 / $1,795Range$1,450 – $3,495Rent per Sq Ft$2 / $2Sq Ft981 / 855DOM95 / 65New0Total14
Multi-Family
Avg/Median Rent$2,048 / $1,750Range$995 – $3,995Rent per Sq Ft$2 / $2Sq Ft1,124 / 859DOM86 / 56New1Total14
Single Family
Avg/Median Rent$2,736 / $2,600Range$1,175 – $7,000Rent per Sq Ft$2 / $2Sq Ft1,646 / 1,599DOM48 / 24New16Total67
Townhouse
Avg/Median Rent$2,553 / $2,550Range$1,450 – $3,553Rent per Sq Ft$2 / $2Sq Ft1,444 / 1,280DOM103 / 30New0Total9
Rentals by Bedroom Count
Studio
Avg:$1,199Median:$1,199Range:$1,199 – $1,199PSF:$2 / $2Sq Ft:492 / 492DOM:—New:0Total:1
1 Beds
Avg:$1,489Median:$1,450Range:$895 – $2,200PSF:$2 / $2Sq Ft:701 / 700DOM:86 / 55New:1Total:13
2 Beds
Avg:$1,971Median:$1,800Range:$995 – $4,750PSF:$2 / $2Sq Ft:999 / 950DOM:77 / 31New:6Total:39
3 Beds
Avg:$2,758Median:$2,799Range:$1,495 – $5,806PSF:$2 / $2Sq Ft:1,615 / 1,600DOM:73 / 40New:10Total:50
4 Beds
Avg:$3,556Median:$3,295Range:$2,300 – $7,000PSF:$2 / $2Sq Ft:2,276 / 2,165DOM:39 / 28New:1Total:16
5 Beds
Avg:$5,000Median:$5,000Range:$5,000 – $5,000PSF:$2 / $2Sq Ft:3,172 / 3,172DOM:—New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,199 | $1,199 | $1,199 – $1,199 | $2 / $2 | 492 / 492 | — | 0 | 1 |
| 1 Beds | $1,489 | $1,450 | $895 – $2,200 | $2 / $2 | 701 / 700 | 86 / 55 | 1 | 13 |
| 2 Beds | $1,971 | $1,800 | $995 – $4,750 | $2 / $2 | 999 / 950 | 77 / 31 | 6 | 39 |
| 3 Beds | $2,758 | $2,799 | $1,495 – $5,806 | $2 / $2 | 1,615 / 1,600 | 73 / 40 | 10 | 50 |
| 4 Beds | $3,556 | $3,295 | $2,300 – $7,000 | $2 / $2 | 2,276 / 2,165 | 39 / 28 | 1 | 16 |
| 5 Beds | $5,000 | $5,000 | $5,000 – $5,000 | $2 / $2 | 3,172 / 3,172 | — | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$579,900Median DOM:51New:74Total:277
Nov 2025
Median Price:$599,000Median DOM:48New:60Total:280
Dec 2025
Median Price:$599,000Median DOM:57New:51Total:260
Jan 2026
Median Price:$599,000Median DOM:61New:50Total:252
Feb 2026
Median Price:$594,000Median DOM:57New:51Total:252
Mar 2026
Median Price:$594,000Median DOM:51New:21Total:222
6-Month Rental Trend
Oct 2025
Median Rent:$2,449Median DOM:24New:63Total:157
Nov 2025
Median Rent:$2,495Median DOM:31New:40Total:150
Dec 2025
Median Rent:$2,549Median DOM:35New:48Total:148
Jan 2026
Median Rent:$2,400Median DOM:42New:28Total:144
Feb 2026
Median Rent:$2,395Median DOM:40New:30Total:119
Mar 2026
Median Rent:$2,300Median DOM:40New:18Total:120
Key Market Takeaways
Median sale prices held steady this month while inventory compressed. Days on market declined, signaling improving buyer activity. Rental pricing eased, 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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