37115
Nashville, Tennessee
Nashville 37115 is stable.
The 37115 ZIP code in Nashville, Tennessee has a median sale price of $351K, up +0.4% year-over-year. Homes spend an average of 97 days on market, with 8% of homes selling above list price.
Folio's PropIQ™ score of 65 signals Caution conditions. This market is holding steady. Monitor inventory shifts before committing.
ZIP code 37115 shows a market transitioning to buyers after years of seller dominance, with the median sale price reaching $350,500 and minimal annual appreciation of just 0.4%. Homes are averaging 97 days on market, substantially higher than the sub-30-day turnover seen during peak conditions. Only 8% of properties are selling above list price, indicating that bidding wars have largely evaporated and pricing discipline now determines transaction success in this Madison-area market.
This environment favors cost-conscious first-time buyers and investors seeking cash flow over appreciation. The 97-day marketing period provides adequate time for thorough due diligence and negotiation leverage that wasn't available 18 months ago. Sellers with equity built from prior years can still exit profitably at $350,500, but those who purchased in late 2024 or early 2025 face minimal cushion and should expect extended listing periods without strategic pricing.
The PropIQ score of 65 signals caution rather than distress, suggesting stabilization rather than correction ahead. The 0.4% annual growth indicates price discovery is still functioning, but velocity remains the primary concern with inventory likely accumulating through spring. Markets trading in this 60-70 range typically require 6-9 months to establish directional conviction, making Q3 2026 the critical window for determining whether 37115 resumes growth or requires further price adjustment to clear supply.
What is the median home price in 37115 Nashville?
The median sale price in 37115 is $351K, up +0.4% year-over-year as of 2026-02-28.
How long do homes stay on the market in Nashville 37115?
Homes in 37115 Nashville spend an average of 97 days on market before going under contract.
Is Nashville 37115 a good place to invest in real estate?
Folio's PropIQ™ score for 37115 is 65/100 — a Caution signal. 8% of homes sold above asking.
What does a PropIQ™ score of 65 mean for 37115?
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 65 = Caution in 37115 Nashville, Tennessee.