37046
Nashville, Tennessee
Nashville 37046 needs watching.
The 37046 ZIP code in Nashville, Tennessee has a median sale price of $1.40M, down -1.3% year-over-year. Homes spend an average of 85 days on market, with 28% of homes selling above list price.
Folio's PropIQ™ score of 61 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37046.
The 37046 ZIP code luxury segment shows contraction with a median sale price of $1,400,663, down 1.3% year-over-year despite broader Nashville appreciation. Homes are averaging 85 days on market, indicating resistance at the seven-figure price threshold, while only 28% of closings exceed list price—a significant decline from the market's pandemic-era performance. This slower absorption rate suggests high-end inventory is accumulating as buyer urgency diminishes in this premium price tier.
Cash-positioned buyers gain material negotiating advantage in these conditions, with 72% of sellers accepting at or below list price and nearly three months of market exposure creating motivated counterparties. Investors focused on long-term appreciation over immediate equity gains can leverage the negative price momentum, while current homeowners considering sales face headwinds with both extended marketing periods and compressed pricing power. Discretionary sellers should delay listings until velocity metrics improve.
The PropIQ score of 61 signals caution warranted, reflecting deteriorating transaction dynamics that typically precede further price discovery. The combination of declining sale prices, extended days on market, and reduced above-list closings suggests the 37046 market has not found equilibrium. Monitor monthly sales volume and DOM trends through Q2 2026; further softening would push this ZIP toward buyer-dominated conditions requiring material price adjustments to clear existing inventory.
What is the median home price in 37046 Nashville?
The median sale price in 37046 is $1.40M, down -1.3% year-over-year as of 2026-02-28.
How long do homes stay on the market in Nashville 37046?
Homes in 37046 Nashville spend an average of 85 days on market before going under contract.
Is Nashville 37046 a good place to invest in real estate?
Folio's PropIQ™ score for 37046 is 61/100 — a Caution signal. 28% of homes sold above asking.
What does a PropIQ™ score of 61 mean for 37046?
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 61 = Caution in 37046 Nashville, Tennessee.