Nashville’s real estate beat in October 2025 is a lively mix of subtle shifts and intriguing signals, with some numbers hinting at the long game while others suggest we’re still in the “wait and watch” stage. According to Redfin, home prices in Nashville have nudged up 2.2% compared to last year, with a median sale price now at $460,000. The pace has cooled from the buying binges of the past—on average, homes are lingering about 68 days on the market, up from 60 days last year, and the sheer number of homes sold is gently dipping, showing 834 transactions this past September compared to 851 just twelve months ago.
For those with their eyes on Davidson County—the heart of the city—the trend is just a touch hotter. Redfin puts the median sales price there at $489,140, a jump of 6.4% from last year. Sellers are still facing reality checks: properties are fetching about 97% of their list price, and even well-located, spruced-up homes are often selling a few percent below what sellers originally hoped.
On the rental side, Apartments.com pegs the average rent for Nashville this month at $1,672, which is roughly 3% higher than the national average and down just half a percent year over year—translating to a whopping $8 less per month. Studios run about $1,526, one-bedrooms align with the average, and a three-bedroom can hit $2,400 or more. There’s still a bit of sticker shock if you’re new in town or sizing up Downtown and The District, but the cost of living in Nashville overall is just 1.7% lower than the national average, making the city a slightly more affordable option than it has felt for much of the past decade.
For aspiring homeowners, it’s a tough calculus. CBRE reports that new mortgage payments nationwide remain about 35% higher than the average rent, and in high-demand Sun Belt cities like Nashville, that gap isn’t vanishing soon. Most current homeowners are locked into sub-5% mortgage rates and have little incentive to move, meaning inventory trickling onto the market feels more like a drip than a stream. If you’re waiting for local rent to nosedive, you might want to grab a snack—demand is still strong, and vacancy rates are expected to remain healthy throughout 2026.
As for investors, Nashville—it seems—remains a “warm” market, ranking 21st for first-time real estate investors, according to GoBankingRates, with a gross rental yield of 6.2%. The market temp isn’t red-hot, but it’s comfortably above lukewarm: enough to keep institutional investors hunting sunbelt deals, but not manic enough to frighten off sensible buyers.
On the office front, CBRE finds Nashville is one of a handful of cities with significant new office supply still in the pipeline in 2025. Vacancy is expected to peak, and with demand for prime mixed-use spaces holding up, landlords know that bargaining chips are shifting.
Buyers are still coming—from LA, Atlanta, and Chicago, if Redfin’s migration numbers are to be believed—and while many are staying in-metro, there’s a steady trickle outward to Knoxville and beyond. The overall impression? Nashville’s wild price surges of the last few years have ebbed, but the undercurrents of population and job growth make a full cool-off unlikely in the near term.
Thanks so much for tuning in for the latest on Nashville real estate—whether you’re looking to buy, rent, invest, or just love a good housing gossip session. Swing back next week to Quiet Please for your next update, and if you want more from me, check out QuietPlease.ai. This has been a Quiet Please production..
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