Nashville’s real estate scene has been busy recalibrating itself this summer, with the old days of frenzied bidding wars and soaring prices taking a back seat to something a lot more balanced—and, dare I say, a little more laid-back. According to Redfin, the median home price in Nashville reached $489,000 in May 2025, a 1.9% uptick over last year. Not bad, but before you break out the champagne, keep in mind that the pace has clearly slowed: homes are now spending an average of 54 days on the market, up a week from last year. The number of homes actually sold in May dipped, too, down to 947 from 1,128 a year ago, which is getting the attention of sellers who’ve grown accustomed to having buyers lined up around the block.
Rocket Homes echoes the sentiment, declaring Nashville officially a buyer’s market for the first time in recent memory. The city saw a 7% jump in active listings from May to June, pushing the total to 4,723 properties available. So, if you’ve got cash and patience, you’re in the power seat, with prices edging up only slightly—just 1.3% compared to last year, with a median sold price now at $535,277. There’s more room to breathe, quite literally, in neighborhoods like Green Hills and Midtown, where the median home price sits at a cool $1,005,747, but prices have actually ticked down 0.8% year-over-year and houses are lingering longer before they’re snapped up.
East Nashville’s market is also cooling off, with the median sale price falling just under 0.1% to $591,000, and homes here are on the market for about 58 days on average, according to Redfin. Inventory is ticking up in key spots like Madison, with Matt Ward Homes noting a 15% month-over-month surge in listings, so buyers can finally be a bit picky. Even in Hermitage, inventory is up 2.6% since May. It’s not quite a glut, but it’s certainly not the drought of 2021 and 2022.
On the rental side, CBRE’s multifamily outlook is cautiously optimistic. New apartment constructions are finally slowing after years of rapid growth, which should help boost occupancy and spark some rent growth in 2026. That’s good news for landlords who’ve been watching vacancy rates creep up as construction crews blanketed the market with new projects.
Commercially, retail space remains tight across Nashville, with CBRE reporting record-low availability and the prospect for higher rents but little new construction on the horizon. The ongoing e-commerce boom is reshaping which retail spaces thrive, with neighborhood strip centers seeing the most attention from tenants.
There are no huge shocks or scandals rocking Music City’s housing market this week—just an unmistakable vibe that the tables have turned in favor of buyers, with more homes for sale, longer decision windows, and only modest price gains. Sellers, for now, are having to adjust their expectations and maybe throw in a few extras to close the deal.
Thanks for tuning in to this week’s rundown of Nashville’s real estate pulse. Be sure to drop by again next week for the freshest updates. This has been a Quiet Please production, and for more, check out QuietPlease.ai..
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