37187
Nashville, Tennessee
Nashville 37187 needs watching.
The 37187 ZIP code in Nashville, Tennessee has a median sale price of $317K, down -9.8% year-over-year. Homes spend an average of 111 days on market, with 4% of homes selling above list price.
Folio's PropIQ™ score of 45 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37187.
ZIP code 37187 presents a cooling market with notable price corrections, as the median sale price of $317,450 represents a 9.8% year-over-year decline. Properties are averaging 110.5 days on market, significantly above the typical 30-60 day range seen in balanced conditions. Only 4% of homes are selling above list price, indicating sellers have lost pricing power and buyers face minimal competition for available inventory in this segment.
These conditions favor patient buyers with financing already secured, particularly those seeking price concessions after extended market time. The 110-day average suggests negotiating leverage exists, especially on properties exceeding this threshold. Sellers facing timeline pressure should expect to price at or below recent comparables, as the 4% above-list metric confirms that aspirational pricing strategies are failing in 37187's current environment.
The PropIQ score of 45 signals caution and suggests further near-term softness before stabilization. With prices already down 9.8%, buyers should monitor whether days-on-market begins contracting below 100 days, which would indicate demand absorption. The low score reflects elevated risk of continued depreciation, making speculative purchases inadvisable until the score trends above 55 and inventory velocity demonstrates measurable improvement.
What is the median home price in 37187 Nashville?
The median sale price in 37187 is $317K, down -9.8% year-over-year as of 2026-02-28.
How long do homes stay on the market in Nashville 37187?
Homes in 37187 Nashville spend an average of 111 days on market before going under contract.
Is Nashville 37187 a good place to invest in real estate?
Folio's PropIQ™ score for 37187 is 45/100 — a Caution signal. 4% of homes sold above asking.
What does a PropIQ™ score of 45 mean for 37187?
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 45 = Caution in 37187 Nashville, Tennessee.