"Nashville Real Estate: Navigating the Shifting Landscape"

In Nashville’s real estate scene right now, it feels like the market is holding its breath—waiting for interest rates to budge, for buyers to reappear, and for investors to call the next play. In East Nashville, home prices are still creeping up, though at a far less frantic pace than in past years. Redfin notes that in August 2025, the median price for a home in East Nashville hit $599,000, a 4.8% increase from last year, while homes are sitting on the market for an average of 59 days—just a tad longer than last year. Fewer homes changed hands too, but the sellers holding out want their price, even as buyers hesitate, with the average home closing about 2% below list. The most desirable listings—the “hot” ones—still fetch multiple offers and move much faster, sometimes within five weeks, so sellers with top-tier properties are still commanding attention.

On the rental side, Nashville’s situation is far from bleak but definitely showing a cooling trend compared to the national craze a couple of years back. Apartments.com reports the average rent in September 2025 is $1,682 a month, about 3% higher than the national average, but interestingly, rents have actually dipped 1.1% over the last year, shaving $18 off the typical monthly bill. If you’re eyeing a three-bedroom in the city, expect to shell out around $2,371 or more, while one-bedrooms are hovering under $1,700. Affordable pockets like Elysian Park and Anderson Estates exist, but high-profile spots like SoBro and The District remain at the top of the price ladder.

CBRE’s 2025 outlook brings a big-picture perspective: Multifamily construction starts have dropped nearly 75% from their COVID-era peak, shrinking the local pipeline and setting the stage for tighter vacancy and some rent growth ahead. Both investors and renters are sticking around; with mortgage payments on new purchases about 35% higher than rents, the rental market stays sticky, especially as most homeowners with low-rate mortgages aren’t itching to sell.

Switching gears to commercial and industrial properties, Nashville is one of the few markets nationally—alongside Austin and Miami—where the office sector has a shot at near-term oversupply, says CBRE. Demand is split: big companies are still rightsizing, but smaller businesses—especially those needing under 20,000 square feet—are expanding and driving new leasing. Premium, highly-amenitized buildings are hot commodities, while less glamorous, older offices may see rising vacancies. For industrial, it’s a race for modern logistics space. CBRE highlights Nashville as a rising star alongside major logistics hubs, supported by the surge in e-commerce.

Speculation about the future? Most sources forecast that as interest rates inevitably inch down and Nashville’s population keeps climbing, home prices and rents will find their next gear—likely higher. For now, though, the story is one of patience and recalibration, with buyers, renters, and investors all waiting out the current stalemate.

Thanks for tuning in to this week's Nashville real estate update. Come back next week for more of the latest housing scoops—this has been a Quiet Please production, and for more from me, check out Quiet Please Dot A I..

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Episode Transcript

Speaker 1 (00:00):
In Nashville's real estate scene. Right now, it feels like
the market is holding its breath, waiting for interest rates
to budge, for buyers to reappear, and for investors to
call the next play. In East Nashville, home prices are
still creeping up, though at a far less frantic pace
than in past years. Redfind notes that in August twenty
twenty five, the median price for a home in East
Nashville hit five hundred and ninety nine thousand dollars, a

(00:22):
four point eight percent increase from last year, While homes
are sitting on the market for an average of fifty
nine days, just a tad longer than last year. Fewer
homes changed hands too, but the sellers holding out want
their price even as buyers hesitate. With the average home
closing about two percent below list the most desirable listings,
the hot ones still fetch multiple offers and move much faster,

(00:45):
sometimes within five weeks, so sellers with top tier properties
are still commanding attention. On the rental side, Nashville situation
is far from bleak, but definitely showing a cooling trend
compared to the national craze A couple of years back.
Apartment reports. The average rent in September twenty twenty five
is one thousand, six hundred and eighty two dollars a month,

(01:06):
about three percent higher than the national average. But interestingly,
rents have actually dipped one point one percent over the
last year, shaving eighteen dollars off the typical monthly bill.
If you're eyeing a three bedroom in the city, expect
to shell out around two thousand, three hundred and seventy
one dollars or more, while one bedrooms are hovering under
one thousand, seven hundred dollars. Affordable pockets like Elysian Park

(01:27):
and Anderson Estates exist, but high profile spots like Sobro
and the District remain at the top of the price ladder.
Cbre's twenty twenty five outlook brings a big picture perspective.
Multi family construction starts have dropped nearly seventy five percent
from their covid or A peak, trinking the local pipeline
and setting the stage for tighter vacancy and some rent
growth ahead. Both investors and renters are sticking around, with

(01:49):
mortgage payments on new purchases about thirty five percent higher
than rents. The rental market stays sticky, especially as most
homeowners with low rate mortgages aren't itching to sell, switching
gears to commercial and industrial properties. Nashville is one of
the few markets nationally, alongside Austin in Miami, where the
office sector has a shot at near term oversupply, says CBRE,
demand is split. Big companies are still right sizing, but

(02:11):
smaller businesses, especially those needing under twenty thousand square feet,
are expanding and driving new leasing. Premium highly amanized buildings
are hot commodities, while less glamorous older offices may see
rising vacancies. For industrial, it's a race for modern logistics space.
Cbre highlights Nashville as a rising star alongside major logistics hubs,

(02:32):
supported by the surge in e commerce. Speculation about the future,
most sources forecast that has interest rates inevitably inched down
and Nashville's population keeps climbing, home prices in rents will
find their next gear likely higher. For now, though, the
story is one of patients and recalibration, with buyers, renters,
and investors all waiting out the current's dalemate. Thanks for

(02:53):
tuning into this week's Nashville real estate update. Come Back
next week for more of the latest housing scoops. This
has been a quietly production and for more for me
check out quiet Please dot ai