37023
Clarksville, Tennessee
Clarksville 37023 needs watching.
The 37023 ZIP code in Clarksville, Tennessee has a median sale price of $192K, up +3.8% year-over-year. Homes spend an average of 112 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 55 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37023.
The 37023 ZIP code in Clarksville shows a cooling market with median sale prices at $192,000, up just 3.8% year-over-year. Homes are averaging 112 days on market, significantly above the typical 30-60 day range seen in competitive markets. Zero percent of properties sold above list price in the latest reporting period, indicating buyers face minimal competition and sellers must price strategically to attract offers.
This environment favors patient buyers with financing secured who can negotiate from a position of strength. The extended 112-day market time allows for thorough due diligence and multiple property evaluations without pressure. Investors seeking cash flow should find negotiating room, though the 3.8% appreciation suggests limited short-term equity gains. Sellers needing quick exits face challenges and should price below comparable sales to generate activity within 60 days.
The PropIQ score of 55 signals caution, reflecting vulnerability to further slowdown if inventory increases or mortgage rates remain elevated. The combination of extended days on market and zero above-list sales suggests demand has not kept pace with available supply. Monitor monthly absorption rates and new listing volume through Q2 2026, as deterioration in either metric could push prices negative year-over-year by year-end.
What is the median home price in 37023 Clarksville?
The median sale price in 37023 is $192K, up +3.8% year-over-year as of 2026-02-28.
How long do homes stay on the market in Clarksville 37023?
Homes in 37023 Clarksville spend an average of 112 days on market before going under contract.
Is Clarksville 37023 a good place to invest in real estate?
Folio's PropIQ™ score for 37023 is 55/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 37023?
PropIQ™ is Folio's proprietary market score combining price momentum, days-on-market velocity, inventory absorption, and investment signals into a 0–100 number. Score of 55 = Caution in 37023 Clarksville, Tennessee.