Nashville Real Estate Cools Down: Suburbs Defy Slight Slowdown in the Urban Core

If you’ve been watching the Nashville real estate scene as closely as I do, you already know the past few months have put a new spin on a market that once felt like it would only ever rocket upward. According to Redfin, July 2025 saw home prices in Nashville tick up just 1.2% from last year, settling at a median of $480,000. For all the glitz and headline-grabbing deals in years past, homes are now taking about 62 days to sell on average—up from 52 days last year—and most are going for roughly 2% below the list price. Even “hot homes,” the ones that spark multiple offers and weekend bidding wars, are lingering 30 to 35 days before going pending. Inventory is slowly climbing, and while some sellers are hanging tough, buyers are much more discerning these days.

On the ground, agents are reporting that the downtown and East Nashville markets are cooling off, while the suburbs—think Mount Juliet, Hendersonville, and the ever-trendy Franklin—are still seeing steady interest, especially from families and relocators hoping for better schools and a little room to breathe. Suburbs surrounding the city are, in many cases, defying the slight slowdown inside the urban core, with new construction keeping pace and prices holding or even inching up, as highlighted by Realtor.com’s recent report on top new-construction cities. In Hermitage, for example, you can still find new-build townhomes under $300,000—a rarity for the Nashville area and a sign that affordability pockets haven’t vanished entirely.

High-end homes aren’t escaping the shift either. Home staging firms like 27 Stage have found themselves leaning harder into showcasing every luxury amenity to capture the imagination (and checkbook) of pickier upscale buyers, as detailed by CityScoop. Glitzy finishes and high-tech features are being brought to the spotlight because buyers at the top end are less likely to splurge unless the property truly dazzles.

Analysts covering mortgage rates and general market sentiment, like those featured in Redfin’s and Zillow’s latest market forecasts, now believe the days of wild price escalation are firmly in the rearview mirror. Instead, moderate price growth and longer days on market may be the “new normal,” at least until another economic jolt shakes things up. Some speculate—without confirmation—that with continued job growth in healthcare, tech, and hospitality, Nashville will hold steady as a top destination, but don’t expect any frenzy reminiscent of 2021.

That’s the state of Music City’s real estate: steady, slightly cooler, but still humming. Thanks for tuning in—be sure to come back next week for the latest insider scoop. This has been a Quiet Please production, and for more of me, check out QuietPlease dot A I..

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Episode Transcript

Speaker 1 (00:00):
If you've been watching the Nashville real estate scene as
closely as I do, you already know the past few
months have put a new spin on a market that
once felt like it would only ever rock it upward.
According to Redfinn, July twenty twenty five saw home prices
in Nashville take up just one point two percent from
last year, settling at a medium of four hundred and
eighty thousand dollars. For all the glitz and headline grabbing
deals in years past, homes are now taking about sixty

(00:22):
two days to sell on average, up from fifty two
days last year, and most are going for roughly two
percent below the list price. Even hot homes, the ones
that spark multiple offers in weekend bidding wars, are lingering
thirty to thirty five days before going pending. Inventory is
slowly climbing, and while some sellers are hanging tough, buyers
are much more discerning these days. On the ground, agents

(00:44):
are reporting that the downtown and East Nashville markets are
cooling off, while the suburbs think Mount Juliet, Hendersonville, and
the ever trendy Franklin are still seeing steady interest, especially
from families and relocators hoping for better schools and a
little room to breathe. Suburbs around funding the city are
in many cases defying the slight slow down inside the
urban core, with new construction keeping pace and prices holding

(01:07):
or even inching up. As highlighted by realtor dot COM's
recent report on top new construction cities. In Hermitage, for example,
you can still find new build town homes under three
hundred thousand dollars, a rarity for the Nashville area and
a sign that affordability pockets haven't vanished entirely. High end
homes aren't escaping the shift either. Home staging firms like

(01:28):
twenty seven Stage have found themselves leaning harder into showcasing
every luxury amenity to capture the imagination and check book
of pickier upscale buyers. As detailed by City Scoop, Glitzy
finishes and high tech features are being brought to the
spotlight because buyers at the top end are less likely
to splurge unless the property truly dazzles. Analysts covering mortgage

(01:48):
rates in general market sentiment, like those featured in red
Fins and Zello's latest market forecasts, now believe the days
of wild price escalation are firmly in the rear view mirror. Instead,
moderate price growth in longer days on market may be
the new normal, at least until another economic jolt shakes
things up. Some speculate without confirmation, that with continued job

(02:11):
growth in healthcare, tech, and hospitality, Nashville will hold study
as a top destination, but don't expect any frenzy reminiscent
of twenty twenty one. That's the state of Music City's
real estate. Steady, slightly cooler, but still humming. Thanks for
tuning in. Be sure to come back next week for
the latest insider scoop. This has been a Quiet Please production,

(02:34):
and for more of me check out Quiet Please dot
ai