37049
Nashville, Tennessee
Nashville 37049 needs watching.
The 37049 ZIP code in Nashville, Tennessee has a median sale price of $378K, down -26.0% year-over-year. Homes spend an average of 79 days on market, with 17% of homes selling above list price.
Folio's PropIQ™ score of 56 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37049.
ZIP code 37049 shows significant price correction with the median sale price at $377,500, down 26.0% year-over-year, marking one of the steeper declines in the Nashville metro area. Homes are sitting for an average of 79 days, substantially longer than the sub-30 day inventory turns seen during the 2021-2022 peak. Only 17% of transactions close above list price, indicating sellers have lost pricing power and multiple-offer scenarios have largely disappeared from this submarket.
This environment favors cash-positioned buyers and patient negotiators who can capitalize on the 26% price reduction and extended days-on-market metrics. Investors seeking rental yield rather than appreciation should find improved entry points at current valuations, while sellers face headwinds and should expect longer marketing periods and potential concessions. The 17% above-list close rate means 83% of buyers are negotiating at or below asking, shifting leverage decidedly toward the demand side.
The PropIQ score of 56 signals caution, suggesting price stability hasn't been established and further softness remains possible. With absorption rates stretched to 79 days and year-over-year comps still showing double-digit negative territory, monitor inventory accumulation and concurrent sale requirements that could pressure prices further. The sub-60 intelligence score indicates this market hasn't found its floor, warranting continued vigilance on employment data and mortgage rate movements through Q2 2026.
What is the median home price in 37049 Nashville?
The median sale price in 37049 is $378K, down -26.0% year-over-year as of 2026-02-28.
How long do homes stay on the market in Nashville 37049?
Homes in 37049 Nashville spend an average of 79 days on market before going under contract.
Is Nashville 37049 a good place to invest in real estate?
Folio's PropIQ™ score for 37049 is 56/100 — a Caution signal. 17% of homes sold above asking.
What does a PropIQ™ score of 56 mean for 37049?
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 56 = Caution in 37049 Nashville, Tennessee.