37204
Nashville, Tennessee
Nashville 37204 needs watching.
The 37204 ZIP code in Nashville, Tennessee has a median sale price of $1.10M, down -4.6% year-over-year. Homes spend an average of 93 days on market, with 6% of homes selling above list price.
Folio's PropIQ™ score of 51 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37204.
ZIP code 37204's $1.1 million median sale price represents a 4.6% decline from last year, signaling a clear shift from Nashville's previous seller-dominated conditions. Homes are taking 93 days to sell, substantially longer than the market's pandemic-era pace, while only 6% of properties close above asking price. This data indicates buyer leverage has returned to a market segment that historically moved faster, with sellers now forced to accept below-list offers in most transactions.
These conditions favor patient buyers with strong financing who can negotiate on price and terms without bidding wars. The 93-day market cycle allows for thorough due diligence and multiple counteroffers, advantages absent when only 6% exceed list price. Sellers face challenges unless pricing aggressively below recent comps, as the 4.6% annual decline suggests overpriced listings will languish while appropriately valued properties still transact within the three-month window.
The PropIQ score of 51 signals caution rather than opportunity, suggesting further price erosion remains possible before stabilization. Watch the days-on-market metric closely—any extension beyond 100 days would indicate accelerating weakness, while compression toward 60 days might signal a bottom. The minimal above-ask closings indicate this market hasn't found equilibrium yet, making the next quarter's price trajectory critical for timing entry or exit decisions.
What is the median home price in 37204 Nashville?
The median sale price in 37204 is $1.10M, down -4.6% year-over-year as of 2026-02-28.
How long do homes stay on the market in Nashville 37204?
Homes in 37204 Nashville spend an average of 93 days on market before going under contract.
Is Nashville 37204 a good place to invest in real estate?
Folio's PropIQ™ score for 37204 is 51/100 — a Caution signal. 6% of homes sold above asking.
What does a PropIQ™ score of 51 mean for 37204?
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 51 = Caution in 37204 Nashville, Tennessee.