Latest Nashville Metro Market Data
Market Snapshot | May 8 – June 7, 2026
Nashville Metro:
What the Last 30 Days Tell Us
Every month I pull the Realtracs numbers so you don't have to wade through them yourself. This snapshot covers single-family residential activity across nine Middle Tennessee submarkets from May 8 through June 7, 2026. What I'm seeing right now is a market that is balanced, but not boring. Supply is up, days on market have ticked above 30 in most areas, and yet median prices across the region are holding firm. Let me break it down market by market.
All data is sourced directly from Realtracs MLS. Criteria: Residential, Single-Family. Markets covered: Nashville, Nolensville, Murfreesboro, Brentwood, Franklin, Mount Juliet, Lebanon, Hermitage, and Hendersonville.
Market-by-Market Breakdown
What the Data Is Actually Telling Us
The headline number I keep coming back to is 3.77 months of supply across the region. That is sitting squarely in balanced territory, and for buyers who spent the last few years convinced they could never compete in this market, that is meaningful news. The panic-buying days of 2021 are not coming back anytime soon, but neither is a buyers' market where sellers are desperate. What we have right now is a market where preparation and pricing discipline matter more than speed.
Let's talk about the spread in this data, because it tells a more useful story than any single number.
Nolensville recorded just 2.98 months of supply with 57 closings against only 72 new listings. That is still a seller-leaning market. Meanwhile, Brentwood is sitting at 4.33 months with a median of $1.4M and 32 days on market. Those are very different conversations to be having with a client.
Nolensville remains the tightest submarket in this snapshot. Inventory is lean, the closing rate relative to new listings is strong, and the median price is holding above $900,000. If you are a buyer eyeing Nolensville specifically, you should expect less negotiating room than in other areas and should be prepared to move decisively on well-priced properties.
Hermitage and Murfreesboro are the practical conversations worth having right now. Hermitage posted the fastest closings in the group at 28 average days on market with a median sale price of $452,000 and 3.0 months of supply. Buyers who are willing to look east of downtown are finding real value and real competition. The same is true in Murfreesboro, where 288 closings in 30 days against a median of $447,750 tells you this market is active and moving.
Hendersonville is the one I'd flag for sellers who are on the fence. At 42 average days on market, it is sitting the longest of any market in this report. That is not a crisis, but it does mean that pricing accuracy matters more there than in, say, Mount Juliet, where homes are moving in 26 days. If you are listing in Hendersonville right now, you do not get to price aggressively and wait for the market to catch up. The data will not support it.
The List Price Gap Worth Understanding
One of the most instructive numbers in this entire dataset is the gap between active list prices and actual median sale prices. In Nashville proper, homes are listing at an average of $1,087,733 while the median sale price came in at $615,000. That is not a typo, and it is not evidence of a market in distress. What it reflects is the composition of active inventory, which skews toward higher price points, and the fact that the volume of transactions is happening further down the price ladder.
The same dynamic shows up in Brentwood and Franklin. Brentwood's active inventory averages $2.37M while the median closed at $1.4M. Franklin's active inventory averages over $2M while the median close was $1.075M. What this tells me is that the luxury and semi-luxury tiers are sitting longer and accumulating on the active side. The transactional volume is still concentrated in the sub-$1M range across most of these markets.
For buyers, this means opportunity may exist at price points that feel intimidating on paper. For sellers, especially in that upper range, it means your competition is thicker than it looks, and your pricing strategy needs to reflect that reality.
The Property Professor's Takeaways for This Month
- This is a balanced market, not a distressed one. Sellers who price accurately are still closing in 30 days or less across most of these submarkets.
- Nolensville and Hermitage are the two markets where buyer competition remains most concentrated relative to supply. Move thoughtfully but do not hesitate on the right property.
- Hendersonville sellers need realistic list prices today. At 42 average days on market, overpricing will cost you more than a slight reduction up front.
- The list-price-to-median-sale-price gap is widest in Brentwood and Franklin, which signals upper-tier inventory buildup worth watching over the next 60 days.
- Mount Juliet is quietly one of the most active markets in this report. 116 closings in 30 days with a 26-day average DOM and a $605K median is a strong combination.
- Regional supply at 3.77 months means neither side of the transaction holds a full advantage. Preparation, data, and strategy matter more than they have in years.
If you have been sitting on the sidelines trying to read this market, I hope this gives you a clearer picture of what is actually happening submarket by submarket. The Nashville Metro area is not one market. It is nine distinct conversations, and each one requires a different approach.
I publish this data every month. If you want to talk through what it means for your specific situation, whether you are buying, selling, or just trying to understand what your home is worth in 2026, that conversation is always free.
Let's Talk Through Your Numbers
Whether you're buying, selling, or just benchmarking where you stand, I'll give you a straight answer grounded in the same data you see here. No pressure, no pitch.
Schedule a Free ConsultationKeller Williams Music City | Nashville, TN
(615) 241-6810 | Chris@PropertyProfessorTN.com | PropertyProfessorTN.com
