Nashville Housing Market

Nashville’s housing market showed growing supply and steady price gains in February. The median home price rose 1.1% year over year to $459,950, active listings climbed to their highest level since 2022, and home sales declined 5.7%.

Nashville home sale prices increased in February, pushing the median price to $459,950, surpassing the national gain of just 0.2%. While Nashville’s price growth exceeded several Southeast markets, such as Atlanta and Orlando, it lagged peers like Raleigh, Charlotte, and Tampa. By property type, detached home prices edged higher, while townhome prices fell sharply and condo prices declined modestly.

Nashville active listings rose to 11,742, marking the fifth consecutive year of annual inventory growth in the month of February, after bottoming out in 2022. Despite the increase, Nashville’s listing inventory remains lower than many other high-growth Southeast markets, including Orlando, Tampa, and Atlanta. Condo listings saw the largest jump, while townhome inventory declined slightly compared to last year.

Nashville home sales fell to 2,018 transactions during February, placing the market in the middle of the top 40 U.S. metros for both sales volume and annual change. The slowdown mirrored trends across many high-growth Southeast markets, though Nashville saw strength in attached housing, with townhome sales rising 9.2% from last year. Detached and condo sales, however, both declined, driving the overall decrease.

The median home sale price in Nashville increased by 1.1% in February compared to the same month last year. National prices rose a marginal 0.2%.

Nashville home sale prices increased in February for the first time since October. February’s year-over-year gain of 1.1% increased the median home price to $459,950, outpacing the U.S., where home prices increased a modest 0.2%, or $885.

Nashville outpaced several other Southeast markets in February, with prices falling in several of the markets. The year-over-year sales price increase of 1.1% in Nashville was more than Atlanta (up 0.5%), Miami (down 0.3%), and Orlando (down 1.1%). However, other peer markets such as Raleigh (2.1%), Charlotte (2.4%), and Tampa (2.7%), all had larger home price increases.

Nashville’s townhome sale prices fell 9.4%, or $33,000, in February compared to the same month last year. Home prices for detached homes rose 1%, or $4,900, in the past 12 months to $489,900. Condo prices fell 1.4%, or $4,950, year over year in February to $345,050. 

Nashville active listings rose 12.8% year over year in February to 11,742, the highest inventory total since October.

Since hitting an eight-year low of 6,069 homes listed in 2022, the number of active listings in Nashville has increased annually since then. Since that time, the number of listings has almost doubled to 11,742. 

Nashville had fewer active listings than other similar high-growth peer housing markets, Austin, Orlando, Miami, Tampa, and Atlanta. Charlotte has a similar number of total listings, while Raleigh has far fewer.

Nashville’s active listings for condos increased 18.1%, or by 321, year over year to 2,097. The number of active listings for detached homes increased by 9.7% to 9,182. Townhomes were the only property type with fewer listings since a year ago, with the total dropping by 3.3%. 

Nashville recorded a 5.7% decline in home sales in February compared to the same month last year.

Nashville home sales fell 5.7% year over year to 2,018 in February. That reflected 121 fewer home sales than last February, a steeper decline than the U.S., where home sales fell 3.7% year over year. Nashville was 25^th out of the top 40 housing markets in the U.S for year-over-year change. Among the top 40 markets, Nashville’s 2,018 home sales in February ranked 20^th.

Nashville wasn’t alone as the only high-growth Southeastern market with a declining number of home sales. Miami (-2.6%), Raleigh (-2.8%), Orlando (-5.3%), Tampa (-7.7%), and Charlotte (-10.3%), all had home sales decline year over year.

Nashville’s attached townhomes recorded more home sales in February compared with the same month last year. It was the only property type to record an increase in sales after rising 9.2% year over year. The number of detached home sales in February fell by 126 compared with last February, after 1,673 detached homes were sold. Condo sales fell by seven, to 83.

For questions and commentary about this report:

Toby Jorgensen, Senior Director of Market Analytics at CoStar and Homes.com, is available for interviews to provide expert insights on this data and the broader residential real estate market.

Toby Jorgensen

Senior Director of Market Analytics

Homes.com

tjorgensen@costar.com

Homes.com releases preliminary figures on housing trends on a monthly basis. Although these numbers may change slightly once all transactions are accounted for, they provide an early indication of home price appreciation, inventory changes, and sales volume in Nashville during February 2026.

For most markets, geographical coverage consists of the Census-defined Core-Based Statistical Area (CBSA). Data for San Francisco, Los Angeles, Miami, and New York is at the Metropolitan Division level.

Definition of Sale Prices

Median home price is the midpoint sale price of homes closed during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Inventory

Inventory is the number of unique active listings that were for sale during each month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

Definition of Home Sales

The total number of closed home sales on the MLS during the month. This data includes homes that are detached, attached, and condominiums. Detached homes are single-family units. Attached homes are townhomes, rowhouses, and duplexes. The condominium classification includes co-ops.

About the Homes.com Market Analytics Team

The Homes.com Market Analytics group is a team of experienced analysts embedded in nearly 30 markets across North America. These experts reside in and regularly visit the markets they cover, providing local expertise and a national perspective on all sectors of real estate: residential, office, industrial, retail, and multifamily.

About Homes.com Analytics Data

The Homes.com analytic data is compiled by the CoStar Analytics team, the largest and most experienced analytics team in the real estate industry. The team consists of over 50 economists, analysts, and data scientists, who collectively have more than 900 years of real estate experience and over 30 advanced degrees. Analysts on the team live in and around the markets they cover, enabling them to build deep local knowledge and unique insights.

The data set being used by the team is one of the most comprehensive and robust in the industry. It spans all 393 metropolitan markets, 542 micropolitan markets, and over 35,000 local neighborhoods in the U.S. The data set is sourced from almost 500 Multiple Listing Service (MLS) providers around the country, as well as public record data from each market, and is supplemented by proprietary data collected by CoStar's team of over 2,000 researchers. It includes a complete inventory of all homes in the U.S., including homes for sale, homes for rent, new construction homes, as well as sale comps and rent comps.