ZIP 37218 Housing Market Report
Nashville Metro
Report period: August 2026
37218 Monthly Market Update – August 2026
ZIP 37218 · Last updated Aug 12, 2026 · Data range Mar 2026 – Aug 2026
Executive Snapshot
Median Sale Price
$449,900
−2.2%
Median DOM (Sales)
57
+1.8%
New Listings (Sales)
16
−65.2%
Median Rent
$2,395
+1.9%
Median DOM (Rental)
9
0.0%
Total Rental Listings
61
+3.4%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market lengthened. Rents moved higher. Rental inventory expanded.
What's Moving Fastest
- Fastest selling: Condo (13 DOM)
- Fastest renting: Condo (1 DOM)
- Strongest bedroom: 8 Beds ($2,150,000 median)
Sales Market Overview
Median Price
$449,900
−2.2%
Median DOM
57
+1.8%
New Listings
16
−65.2%
Inventory
221
−3.1%
- Average Price: $575,076
- Median Price: $449,900
- Price Range: $19,999 – $4,995,000
- Price per Sq Ft (Avg/Median): $283 / $261
- Square Footage (Avg/Median): 1,914 / 1,782
- Square Footage Range: 420 – 6,624
- Days on Market (Avg/Median): 71 / 57
- Days on Market Range: 2 – 328
- New Listings: 16
- Total Listings: 221
Sales by Property Type
Condo
Avg/Median Price$375,000 / $375,000Range$375,000 – $375,000Price per Sq Ft$250 / $250Sq Ft1,501 / 1,501DOM13 / 13New0Total1
Land
Avg/Median Price$780,405 / $325,000Range$19,999 – $4,995,000Price per Sq Ft—Sq Ft—DOM93 / 74New1Total40
Multi-Family
Avg/Median Price$559,660 / $362,990Range$265,000 – $2,150,000Price per Sq Ft$213 / $198Sq Ft2,371 / 1,765DOM35 / 39New2Total9
Single Family
Avg/Median Price$511,160 / $449,900Range$200,000 – $1,950,000Price per Sq Ft$282 / $266Sq Ft1,898 / 1,824DOM75 / 57New5Total104
Townhouse
Avg/Median Price$556,760 / $489,900Range$325,000 – $1,199,900Price per Sq Ft$294 / $267Sq Ft1,884 / 1,817DOM59 / 57New8Total67
Sales by Bedroom Count
1 Beds
Avg:$324,933Median:$249,900Range:$225,000 – $499,900PSF:$446 / $512Sq Ft:753 / 864DOM:86 / 91New:0Total:3
2 Beds
Avg:$501,925Median:$449,000Range:$200,000 – $1,950,000PSF:$335 / $300Sq Ft:1,481 / 1,581DOM:42 / 31New:4Total:24
3 Beds
Avg:$467,227Median:$429,990Range:$259,000 – $1,200,000PSF:$271 / $250Sq Ft:1,761 / 1,765DOM:66 / 57New:7Total:107
4 Beds
Avg:$645,096Median:$599,000Range:$225,000 – $1,199,900PSF:$273 / $258Sq Ft:2,358 / 2,271DOM:77 / 70New:4Total:44
5 Beds
Avg:$849,000Median:$849,000Range:$849,000 – $849,000PSF:$214 / $214Sq Ft:3,976 / 3,976DOM:113 / 113New:0Total:1
6 Beds
Avg:$1,478,000Median:$1,478,000Range:$1,478,000 – $1,478,000PSF:$251 / $251Sq Ft:5,889 / 5,889DOM:41 / 41New:0Total:1
8 Beds
Avg:$2,150,000Median:$2,150,000Range:$2,150,000 – $2,150,000PSF:$325 / $325Sq Ft:6,624 / 6,624DOM:63 / 63New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $324,933 | $249,900 | $225,000 – $499,900 | $446 / $512 | 753 / 864 | 86 / 91 | 0 | 3 |
| 2 Beds | $501,925 | $449,000 | $200,000 – $1,950,000 | $335 / $300 | 1,481 / 1,581 | 42 / 31 | 4 | 24 |
| 3 Beds | $467,227 | $429,990 | $259,000 – $1,200,000 | $271 / $250 | 1,761 / 1,765 | 66 / 57 | 7 | 107 |
| 4 Beds | $645,096 | $599,000 | $225,000 – $1,199,900 | $273 / $258 | 2,358 / 2,271 | 77 / 70 | 4 | 44 |
| 5 Beds | $849,000 | $849,000 | $849,000 – $849,000 | $214 / $214 | 3,976 / 3,976 | 113 / 113 | 0 | 1 |
| 6 Beds | $1,478,000 | $1,478,000 | $1,478,000 – $1,478,000 | $251 / $251 | 5,889 / 5,889 | 41 / 41 | 0 | 1 |
| 8 Beds | $2,150,000 | $2,150,000 | $2,150,000 – $2,150,000 | $325 / $325 | 6,624 / 6,624 | 63 / 63 | 0 | 1 |
Rental Market Overview
Median Rent
$2,395
+1.9%
Median DOM
9
0.0%
New Listings
19
Inventory
61
+3.4%
- Average Rent: $2,390
- Median Rent: $2,395
- Rent Range: $825 – $5,558
- Rent per Sq Ft (Avg/Median): $1 / $1
- Square Footage (Avg/Median): 1,754 / 1,700
- Square Footage Range: 420 – 3,634
- Days on Market (Avg/Median): 32 / 9
- Days on Market Range: 1 – 246
- New Listings: 19
- Total Listings: 61
Rentals by Property Type
Apartment
$895
Median DOM: 232
Inventory: 4
MoM: +1.9%
Condo
$2,695
Median DOM: 1
Inventory: 8
MoM: +1.9%
Single Family
$2,350
Median DOM: 8
Inventory: 39
MoM: +1.9%
Townhouse
$2,395
Median DOM: 6
Inventory: 8
MoM: +1.9%
Apartment
Avg/Median Rent$2,220 / $895Range$825 – $5,558Rent per Sq Ft$2 / $2Sq Ft1,119 / 730DOM213 / 232New0Total4
Condo
Avg/Median Rent$2,409 / $2,695Range$875 – $2,700Rent per Sq Ft$1 / $1Sq Ft1,705 / 1,949DOM16 / 1New4Total8
Multi-Family
Avg/Median Rent$1,675 / $1,600Range$1,600 – $1,750Rent per Sq Ft$2 / $2Sq Ft891 / 750DOM71 / 38New0Total2
Single Family
Avg/Median Rent$2,417 / $2,350Range$1,050 – $4,550Rent per Sq Ft$1 / $1Sq Ft1,889 / 1,758DOM17 / 8New12Total39
Townhouse
Avg/Median Rent$2,504 / $2,395Range$2,050 – $2,995Rent per Sq Ft$2 / $2Sq Ft1,633 / 1,575DOM45 / 6New3Total8
Rentals by Bedroom Count
1 Beds
Avg:$911Median:$875Range:$825 – $1,050PSF:$2 / $1Sq Ft:546 / 420DOM:157 / 84New:0Total:4
2 Beds
Avg:$1,596Median:$1,550Range:$1,375 – $2,050PSF:$2 / $2Sq Ft:857 / 785DOM:42 / 24New:0Total:6
3 Beds
Avg:$2,378Median:$2,300Range:$1,200 – $3,700PSF:$1 / $2Sq Ft:1,692 / 1,626DOM:26 / 16New:7Total:32
4 Beds
Avg:$2,972Median:$2,700Range:$1,750 – $5,558PSF:$1 / $1Sq Ft:2,222 / 2,000DOM:14 / 1New:12Total:19
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 1 Beds | $911 | $875 | $825 – $1,050 | $2 / $1 | 546 / 420 | 157 / 84 | 0 | 4 |
| 2 Beds | $1,596 | $1,550 | $1,375 – $2,050 | $2 / $2 | 857 / 785 | 42 / 24 | 0 | 6 |
| 3 Beds | $2,378 | $2,300 | $1,200 – $3,700 | $1 / $2 | 1,692 / 1,626 | 26 / 16 | 7 | 32 |
| 4 Beds | $2,972 | $2,700 | $1,750 – $5,558 | $1 / $1 | 2,222 / 2,000 | 14 / 1 | 12 | 19 |
6-Month Sales Trend
Mar 2026
Median Price:$464,990Median DOM:39New:57Total:209
Apr 2026
Median Price:$459,900Median DOM:42New:59Total:219
May 2026
Median Price:$489,900Median DOM:37New:84Total:239
Jun 2026
Median Price:$489,900Median DOM:47New:46Total:242
Jul 2026
Median Price:$459,900Median DOM:56New:46Total:228
Aug 2026
Median Price:$449,900Median DOM:57New:16Total:221
6-Month Rental Trend
Mar 2026
Median Rent:$2,245Median DOM:28New:23Total:59
Apr 2026
Median Rent:$2,250Median DOM:29New:16Total:60
May 2026
Median Rent:$2,200Median DOM:31New:20Total:49
Jun 2026
Median Rent:$2,300Median DOM:16New:18Total:45
Jul 2026
Median Rent:$2,350Median DOM:9New:35Total:59
Aug 2026
Median Rent:$2,395Median DOM:9New:19Total:61
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 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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