37220
Nashville, Tennessee
Nashville 37220 needs watching.
The 37220 ZIP code in Nashville, Tennessee has a median sale price of $1.02M, down -27.9% 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 51 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37220.
ZIP code 37220 shows significant market correction with the median sale price reaching $1,022,500, down 27.9% year-over-year as of February 2026. Homes are averaging 85 days on market, indicating slower absorption than Nashville's recent peak years. Only 15% of properties are selling above list price, a sharp contrast to the competitive bidding environment that characterized this market through 2022-2023. This data reflects a clear shift from seller to buyer advantage in this established Nashville submarket.
The current metrics favor cash-heavy buyers and patient investors willing to negotiate. With 85% of homes selling at or below list price and extended market times, purchasers have leverage absent in prior years. The $1 million+ median makes this unsuitable for first-time buyers but workable for relocating professionals or those trading equity from other appreciating markets. Sellers face pressure unless priced aggressively below recent comparables, given the 27.9% decline already registered.
The PropIQ score of 51 signals continued caution rather than imminent recovery. This rating suggests watching Q2 2026 absorption rates and employment data in Nashville's corporate sectors that feed 37220 demand. The year-over-year decline may stabilize if days-on-market begin contracting below 75, but current velocity suggests further price discovery ahead. Investors should monitor whether the 15% above-list percentage rises above 25% before assuming a market floor.
What is the median home price in 37220 Nashville?
The median sale price in 37220 is $1.02M, down -27.9% year-over-year as of 2026-02-28.
How long do homes stay on the market in Nashville 37220?
Homes in 37220 Nashville spend an average of 85 days on market before going under contract.
Is Nashville 37220 a good place to invest in real estate?
Folio's PropIQ™ score for 37220 is 51/100 — a Caution signal. 15% of homes sold above asking.
What does a PropIQ™ score of 51 mean for 37220?
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 37220 Nashville, Tennessee.