37228
Nashville, Tennessee
Nashville 37228 needs watching.
The 37228 ZIP code in Nashville, Tennessee has a median sale price of $494K, down N/A year-over-year. Homes spend an average of 87 days on market, with 0% of homes selling above list price.
Folio's PropIQ™ score of 37 signals Caution conditions. Elevated price drops and longer days on market indicate softening in 37228.
The 37228 market shows clear signs of deceleration with a median sale price of $493,750 holding flat year-over-year, a significant departure from Nashville's historically strong appreciation. Properties are averaging 86.5 days on market, well above the 30-45 day range typical of balanced conditions. Most telling is that zero homes are selling above list price, indicating buyers face no competition and hold full negotiating leverage in transactions.
This environment strongly favors patient buyers with financing secured who can negotiate aggressively on price and contingencies. The 86.5-day market time and absence of bidding wars create optimal conditions for inspection-contingent offers and seller concessions. Sellers with equity and no urgency should wait, while those needing to move must price at or below recent comparables to avoid extending already lengthy market times beyond three months.
The PropIQ score of 37 signals caution, suggesting potential for further price softening if inventory continues absorbing slowly. With flat pricing and zero competitive pressure, monitoring monthly absorption rates and any increase in listing inventory becomes critical—additional supply without demand acceleration would push this market into correction territory. The next quarter's days-on-market trend will determine whether this represents stabilization or the beginning of price declines.
What is the median home price in 37228 Nashville?
The median sale price in 37228 is $494K, down N/A year-over-year as of 2026-02-28.
How long do homes stay on the market in Nashville 37228?
Homes in 37228 Nashville spend an average of 87 days on market before going under contract.
Is Nashville 37228 a good place to invest in real estate?
Folio's PropIQ™ score for 37228 is 37/100 — a Caution signal. 0% of homes sold above asking.
What does a PropIQ™ score of 37 mean for 37228?
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 37 = Caution in 37228 Nashville, Tennessee.