37153
Nashville, Tennessee
Nashville 37153 needs watching.
The 37153 ZIP code in Nashville, Tennessee has a median sale price of $450K, down -6.3% year-over-year. Homes spend an average of 85 days on market, with 15% 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 37153.
ZIP code 37153 shows clear cooling with the median sale price at $450,000, down 6.3% year-over-year, while homes average 85 days on market. Only 15% of properties sell above asking, indicating limited competition and reduced buyer urgency compared to the pandemic-era frenzy that characterized Nashville's broader market through 2024. This deceleration reflects normalization rather than collapse, with inventory absorption slowing to rates last seen in pre-2020 cycles.
Price-sensitive first-time buyers gain meaningful advantage in this environment, as the 6.3% decline creates approximately $30,000 in savings versus prior-year comparables at the median. Sellers with flexible timelines can still transact at $450,000, but those requiring quick exits face the 85-day marketing period and likely need list-price concessions given the 15% above-ask close rate. Investors seeking cash flow should model longer vacancy windows between tenant turns.
The PropIQ score of 55 signals continued caution, suggesting the price decline may not have fully stabilized and further downward pressure remains possible through mid-2026. The 85-day DOM metric bears monitoring; extension beyond 100 days would indicate deeper distress, while contraction below 60 days would confirm demand recovery. Current data suggests a grinding equilibrium rather than sharp recovery or further deterioration.
What is the median home price in 37153 Nashville?
The median sale price in 37153 is $450K, down -6.3% year-over-year as of 2026-02-28.
How long do homes stay on the market in Nashville 37153?
Homes in 37153 Nashville spend an average of 85 days on market before going under contract.
Is Nashville 37153 a good place to invest in real estate?
Folio's PropIQ™ score for 37153 is 55/100 — a Caution signal. 15% of homes sold above asking.
What does a PropIQ™ score of 55 mean for 37153?
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 37153 Nashville, Tennessee.