37209
Nashville, Tennessee
Nashville 37209 needs watching.
The 37209 ZIP code in Nashville, Tennessee has a median sale price of $599K, down -4.2% year-over-year. Homes spend an average of 113 days on market, with 10% 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 37209.
ZIP code 37209 shows clear cooling with a median sale price of $599,000, down 4.2% year-over-year as of February 2026. Homes are sitting an average of 112.5 days on market, nearly double the velocity seen during peak pandemic conditions. Only 10% of properties are closing above list price, indicating sellers have lost pricing power and buyers are successfully negotiating downward in most transactions.
These conditions favor patient buyers with secure financing who can absorb the extended timeframes required to close deals. The 112.5-day marketing period allows for thorough due diligence and multiple negotiation rounds without competitive pressure. Sellers facing urgent timelines or overleveraged investment properties face disadvantage, as the 90% of sub-list closures suggest aggressive pricing is necessary to attract bids in this decelerated environment.
The PropIQ score of 51 signals caution rather than crisis, suggesting stabilization rather than freefall. The current 4.2% decline may represent a bottoming process if days-on-market begins contracting from 112.5 days in coming months. Monitor the percentage of above-list sales closely; any movement above 10% would indicate demand recovery, while further decline below current levels would confirm continued buyer market conditions through 2026.
What is the median home price in 37209 Nashville?
The median sale price in 37209 is $599K, down -4.2% year-over-year as of 2026-02-28.
How long do homes stay on the market in Nashville 37209?
Homes in 37209 Nashville spend an average of 113 days on market before going under contract.
Is Nashville 37209 a good place to invest in real estate?
Folio's PropIQ™ score for 37209 is 51/100 — a Caution signal. 10% of homes sold above asking.
What does a PropIQ™ score of 51 mean for 37209?
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 37209 Nashville, Tennessee.