Nashville’s real estate market is showing all the complex moves of a country line dance, with each step telling us something about Music City’s future. According to Redfin, as of September 2025, Nashville home prices nudged up 2.2% from last year, with the median sales price now at $460,000. Homes are lingering on the market longer—68 days on average compared to 60 a year ago—and the city saw 842 homes sold this September, just shy of last year’s total. Even with higher mortgage rates nationally, which Redfin now pegs in the low-6% range, sellers in Nashville are finding buyers—but increasingly, those offers are coming in a tad below list price, with discounts averaging around 2% to 4%.
Renters in Nashville aren’t off the hook either. Data from Apartments.com shows the city’s average rent in October 2025 sits at $1,667 per month, about 2% above the national average. Interestingly, rents have dipped 0.7% over the past year—a change of about $12 less per month—which means landlords are losing just a little bargaining power even as new luxury developments pop up like daisies after a spring rain. For example, Pendry Residences Nashville has officially launched sales for its 146 high-end homes in Paseo South Gulch, hoping upscale buyers are still biting. And in the rental scene, big buildings like Albion Music Row are making headlines with their towering facades and amenities that would make even a NashVegas honky-tonk blush, reports Here Nashville.
Commercial real estate continues to see major action. Developers have topped out construction on the 29-story Albion Music Row apartment tower, and new hotel projects like the proposed 15-story Hotel Sliver are setting their sights on downtown. Not to be outdone, Jon Bon Jovi’s bar, JBJ’s Nashville, just hit the market for a cool $130 million, a reminder that even rock stars sometimes want to cash out at the top.
Migration trends hint that Nashville is still drawing attention from other big metros—especially Los Angeles, Atlanta, and Chicago, although most locals are staying put or seeking slightly less crowded pastures in Knoxville or Tullahoma. While some speculate that high home prices and mortgage rates may keep potential buyers renting for longer—a trend CBRE expects nationally—the long-term demand for both single-family homes and rentals in Nashville remains robust.
No matter which side of the property line you’re on, Nashville’s real estate market keeps proving it can find the hook—and the harmony. Thanks for tuning in to this week’s Nashville real estate roundup. Be sure to come back next week for more market moves and insider tidbits. This has been a Quiet Please production, and for more, check out QuietPlease.ai..
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