ZIP 37031 Housing Market Report
Nashville Metro
Report period: March 2026
37031 Monthly Market Update – March 2026
ZIP 37031 · Last updated Mar 11, 2026 · Data range Oct 2025 – Mar 2026
Executive Snapshot
Median Sale Price
$399,900
−4.8%
Median DOM (Sales)
49
−34.7%
New Listings (Sales)
8
−11.1%
Median Rent
$1,200
0.0%
Median DOM (Rental)
53
0.0%
Total Rental Listings
3
0.0%
Month-over-Month Movement
Median sale prices eased compared to last month. Days on market improved. Rents were stable.
What's Moving Fastest
- Fastest selling: Manufactured (6 DOM)
- Fastest renting: Single Family (23 DOM)
- Strongest bedroom: 4 Beds ($674,777 median)
Sales Market Overview
Median Price
$399,900
−4.8%
Median DOM
49
−34.7%
New Listings
8
−11.1%
Inventory
63
+1.6%
- Average Price: $453,480
- Median Price: $399,900
- Price Range: $69,000 – $1,299,999
- Price per Sq Ft (Avg/Median): $237 / $245
- Square Footage (Avg/Median): 2,192 / 1,910
- Square Footage Range: 720 – 5,625
- Days on Market (Avg/Median): 79 / 49
- Days on Market Range: 2 – 348
- New Listings: 8
- Total Listings: 63
Sales by Property Type
Land
Avg/Median Price$311,738 / $239,900Range$69,000 – $1,107,250Price per Sq Ft—Sq Ft—DOM109 / 68New3Total17
Manufactured
Avg/Median Price$298,560 / $289,900Range$249,900 – $368,000Price per Sq Ft$226 / $204Sq Ft1,356 / 1,300DOM35 / 6New2Total5
Single Family
Avg/Median Price$531,144 / $495,000Range$200,000 – $1,299,999Price per Sq Ft$238 / $247Sq Ft2,294 / 2,094DOM73 / 49New3Total41
Sales by Bedroom Count
2 Beds
Avg:$249,950Median:$210,000Range:$210,000 – $289,900PSF:$294 / $292Sq Ft:850 / 720DOM:129 / 89New:0Total:2
3 Beds
Avg:$444,346Median:$419,900Range:$200,000 – $679,900PSF:$228 / $239Sq Ft:2,020 / 1,800DOM:69 / 43New:4Total:34
4 Beds
Avg:$766,202Median:$674,777Range:$549,900 – $1,299,999PSF:$256 / $262Sq Ft:3,042 / 2,682DOM:56 / 19New:1Total:10
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| 2 Beds | $249,950 | $210,000 | $210,000 – $289,900 | $294 / $292 | 850 / 720 | 129 / 89 | 0 | 2 |
| 3 Beds | $444,346 | $419,900 | $200,000 – $679,900 | $228 / $239 | 2,020 / 1,800 | 69 / 43 | 4 | 34 |
| 4 Beds | $766,202 | $674,777 | $549,900 – $1,299,999 | $256 / $262 | 3,042 / 2,682 | 56 / 19 | 1 | 10 |
Rental Market Overview
Median Rent
$1,200
0.0%
Median DOM
53
0.0%
New Listings
0
Inventory
3
0.0%
- Average Rent: $1,460
- Median Rent: $1,200
- Rent Range: $1,180 – $2,000
- Rent per Sq Ft (Avg/Median): $2 / $2
- Square Footage (Avg/Median): 744 / 551
- Square Footage Range: 500 – 1,182
- Days on Market (Avg/Median): 56 / 53
- Days on Market Range: 23 – 93
- New Listings: 0
- Total Listings: 3
Rentals by Property Type
Apartment
—
Median DOM: —
Inventory: —
MoM: 0.0%
Condo
$1,180
Median DOM: 53
Inventory: 2
MoM: 0.0%
Single Family
$2,000
Median DOM: 23
Inventory: 1
MoM: 0.0%
Townhouse
—
Median DOM: —
Inventory: —
MoM: 0.0%
Condo
Avg/Median Rent$1,190 / $1,180Range$1,180 – $1,200Rent per Sq Ft$2 / $2Sq Ft526 / 500DOM73 / 53New0Total2
Single Family
Avg/Median Rent$2,000 / $2,000Range$2,000 – $2,000Rent per Sq Ft$2 / $2Sq Ft1,182 / 1,182DOM23 / 23New0Total1
Rentals by Bedroom Count
Studio
Avg:$1,200Median:$1,200Range:$1,200 – $1,200PSF:$2 / $2Sq Ft:500 / 500DOM:93 / 93New:0Total:1
1 Beds
Avg:$1,180Median:$1,180Range:$1,180 – $1,180PSF:$2 / $2Sq Ft:551 / 551DOM:53 / 53New:0Total:1
3 Beds
Avg:$2,000Median:$2,000Range:$2,000 – $2,000PSF:$2 / $2Sq Ft:1,182 / 1,182DOM:23 / 23New:0Total:1
| Beds | Avg | Median | Range | Avg/Med PSF | Avg/Med Sq Ft | Avg/Med DOM | New | Total |
|---|---|---|---|---|---|---|---|---|
| Studio | $1,200 | $1,200 | $1,200 – $1,200 | $2 / $2 | 500 / 500 | 93 / 93 | 0 | 1 |
| 1 Beds | $1,180 | $1,180 | $1,180 – $1,180 | $2 / $2 | 551 / 551 | 53 / 53 | 0 | 1 |
| 3 Beds | $2,000 | $2,000 | $2,000 – $2,000 | $2 / $2 | 1,182 / 1,182 | 23 / 23 | 0 | 1 |
6-Month Sales Trend
Oct 2025
Median Price:$424,900Median DOM:53New:17Total:78
Nov 2025
Median Price:$424,900Median DOM:61New:9Total:77
Dec 2025
Median Price:$399,000Median DOM:76New:10Total:72
Jan 2026
Median Price:$425,000Median DOM:84New:15Total:67
Feb 2026
Median Price:$419,900Median DOM:75New:9Total:62
Mar 2026
Median Price:$399,900Median DOM:49New:8Total:63
6-Month Rental Trend
Oct 2025
Median Rent:$1,200Median DOM:11New:1Total:1
Nov 2025
Median Rent:$1,200Median DOM:29New:0Total:1
Dec 2025
Median Rent:$1,180Median DOM:21New:1Total:2
Jan 2026
Median Rent:$1,180Median DOM:52New:0Total:2
Feb 2026
Median Rent:$1,200Median DOM:53New:1Total:3
Mar 2026
Median Rent:$1,200Median DOM:53New:0Total:3
Key Market Takeaways
Median sale prices softened this month while inventory expanded. Days on market declined, signaling improving buyer activity. Rental pricing remained stable, while total rental inventory was flat.
Market data is only valuable if you act on it. With pricing stabilizing and days on market shifting, this is the type of environment where disciplined investors find their edge.
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