Market Intelligence · TN / Nashville

Nashville, TN 37203 Housing Market

Homes in 37203 have a typical value of $608,496, down 3.1% over the past year. The median list price sits at $697,000, with homes taking a median of 87 days to sell as of September 2026.

Updated September 2026Median value$608K

The median home value in Nashville, TN 37203 is $608K as of September 2026, down 3.1% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 37203 range

$560K to $657K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

-3.1% over 12 months

Sep 2025$628K

Low $608KHigh $628K

Sep 2026$608K

The numbers

What is the 37203 housing market like?

As of September 2026

Typical home value

$608K

3.1%YoY

Median list price

$697K

0.4%MoM

Days on market

6.1%MoM

Homes for sale

359

1.4%MoM

Price cuts

14.2%

11.8%MoM

New listings

34.6%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

37203 housing market forecast 2027

-0.1%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 37203 to stay roughly flat by September 2027 (down 0.1%).

Over the 12 months through September 2026, typical home values in 37203 fell 3.1%, per the Zillow Home Value Index.

Will home prices drop in 37203?

Zillow's forecast does not point to a meaningful drop: it expects typical home values in 37203 to stay roughly flat by September 2027 (down 0.1%), after a 3.1% decline over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 37203 home prices compare?

37203$608,496
Nashville$491,430
Tennessee$265,881
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Nashville: 19 ZIPs; Tennessee: 587 ZIPs; United States: 26,262 ZIPs).

Context

The Nashville 37203 market shows mixed signals. There are 359 homes for sale with 70 new listings in September 2026, suggesting steady supply. The median list price of $697,000 outpaces the typical home value of $608,496 by a notable margin. Homes are spending 87 days on market, which is moderately extended. About 14.2% of listings carry a price cut. For sellers, this combination of softening values and extended time on market suggests you should price carefully and prepare for negotiation.

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Down payment20% · $121,699

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Common questions

What people ask us.

What is the typical home value in 37203?

The typical home value is $608,496, down 3.1% over the past year as of September 2026.

How many homes are currently for sale in 37203?

There are 359 homes for sale with a median list price of $697,000 as of September 2026.

How long do homes typically spend on the market in 37203?

Homes take a median of 87 days to sell in this ZIP as of September 2026.

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