38547
Nashville, Tennessee
Nashville 38547 needs watching.
The 38547 ZIP code in Nashville, Tennessee has a median sale price of $375K, down -10.7% year-over-year. Homes spend an average of 144 days on market, with 14% 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 38547.
The 38547 market shows clear buyer advantage with median sales at $374,999, down 10.7% year-over-year through February 2026. Inventory absorption has slowed significantly with homes averaging 144 days on market, while only 14% of transactions close above list price. This pricing pressure indicates sellers are adjusting expectations downward as properties sit longer than regional averages, creating a negotiation environment that heavily favors purchasers over those looking to exit positions.
Price-sensitive first-time buyers and patient investors gain maximum leverage in these conditions. The 144-day marketing period provides extended due diligence windows and multiple negotiation opportunities before competing offers emerge. Buyers deploying the 14% above-list benchmark as a ceiling can structure offers 5-8% below ask with reasonable acceptance probability, while sellers facing carrying costs beyond the five-month average DOM may need to price 12-15% below recent comps to generate activity.
The PropIQ score of 51 signals continued caution rather than immediate recovery, suggesting the 10.7% annual decline may not have completed its adjustment cycle. Markets scoring in the 45-55 range typically require two additional quarters to establish price floors. Monitor days-on-market trends and the percentage of above-list sales; improvement above 20% and DOM compression below 90 days would indicate stabilization, but current velocity suggests further softening before equilibrium returns to this ZIP code.
What is the median home price in 38547 Nashville?
The median sale price in 38547 is $375K, down -10.7% year-over-year as of 2026-02-28.
How long do homes stay on the market in Nashville 38547?
Homes in 38547 Nashville spend an average of 144 days on market before going under contract.
Is Nashville 38547 a good place to invest in real estate?
Folio's PropIQ™ score for 38547 is 51/100 — a Caution signal. 14% of homes sold above asking.
What does a PropIQ™ score of 51 mean for 38547?
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 38547 Nashville, Tennessee.