Key Takeaways
- Davidson County remained firmly in buyer’s market territory in July. Inventory climbed 8% year over year, homes sat on the market for a median of 67 days, and nearly 6 months of supply gave purchasers wide leverage.
- The median sale price was $480,590, essentially flat year over year (+0.1%), trailing the national rate of 3%.
- Pending sales fell 6% year over year, suggesting buyer activity pulled back despite ample inventory and modest pricing.
Davidson County, TN Housing Market Snapshot
| Median Sale Price | Pending Sales | Active Listings | Days on Market | Sold Above List |
|---|---|---|---|---|
| $480,590 (+0.1% YoY) | 949 (-6.0% YoY) | 6,835 (+8.3% YoY) | 67 days (+6 days YoY) | 15.8% (+2.9 ppt YoY) |
Davidson County’s housing market deepened its buyer-friendly tilt in July. Nearly 6,850 active listings lined the market, the typical home sat for over two months before selling, and prices were essentially unchanged from a year ago. Sellers faced a reality of stale inventory and below-ask closings, while buyers had time, choice, and pricing leverage on their side.
Below is a breakdown of Davidson County, TN’s July 2026 data, along with guidance for buyers and sellers navigating the second half of the year.
U.S. Housing Market Snapshot
| Median Sale Price | Pending Sales | Active Listings | Days on Market | Buyer-Seller Balance |
|---|---|---|---|---|
| $407,730 (+3.2% YoY) | 335,051 (-0.7% YoY) | 1,462,921 (-0.6% YoY) | 49 days (+0 days YoY) | Sellers outnumber buyers by 51.3% |
Nationally, home prices climbed about 3% year over year, while pending sales and active inventory both slipped fractionally. In Davidson County, the contrast was stark: local prices were flat versus the national gain of 3%, local inventory rose 8% while national inventory declined, and homes sat 18 days longer than the U.S. median. The share of homes selling above list locally (16%) was well below the national average of 25%.
“The U.S. housing market continued its slow recovery in July, but again felt some bumps in the road,” said Chen Zhao, Redfin’s head of economics research. “Both supply and demand declined for the second month in a row, propping up prices and exacerbating the slow and expensive buyer’s market that has defined the post-pandemic period. Mortgage rate and economic volatility tied to the war in Iran and an unexpectedly hot job market has added a layer of uncertainty as well. Most buyers and sellers won’t see a much improved housing market, but economists are confident that affordability and normalcy will return in the coming years.”
Davidson County Prices Flatlined as the Market Softened Further
Prices were essentially flat in Davidson County—up just 0.1% year over year—while the national market appreciated at 3.2%. The median reached $480,590 in July, barely budging from a year ago. Davidson County’s price premium over the U.S. median narrowed to roughly $73,000, the smallest gap in over a year, as the local market stagnated while national values climbed. The median price per square foot rose 1.5% year over year to $277, confirming that actual price gains were negligible once mix effects are accounted for.
The average home sold for about 2% below its list price (sale-to-list ratio of 0.978), confirming that sellers continued to price too aggressively for the current demand environment. About 22% of active listings had taken a price cut, a share that has remained elevated since mid-2024.
Buyer Activity Declined and Homes Sat Longer
Davidson County’s pace of sales continued to trail the national market by a widening margin. Only 24% of local listings went under contract within two weeks in July, compared with 32% nationally—an 8-percentage-point gap that has grown steadily since mid-2024. Pending sales fell 6% year over year, a reversal from the modest gains seen earlier in 2026, suggesting that buyer momentum has faded rather than built.
The median days on market reached 67, up 6 days from a year ago and 18 days above the national median. Homes sold declined 6% year over year to about 958 closings. The combination of falling pendings and declining closings suggests that buyers are either leaving the market or holding out for deeper price concessions before committing.
Months of Supply Crossed Into Buyer’s Market Territory
With nearly 6 months of supply, Davidson County remained deep in buyer’s market territory. That figure dwarfed the national level of roughly 4 months and represented the highest July supply reading since at least 2019. Active listings totaled 6,835, up about 8% year over year and the highest July count in the data set. New listings were essentially flat year over year at 1,413, meaning the inventory buildup came from slower absorption rather than a surge of new supply. The age of inventory climbed to 72 days from 65 a year ago, confirming that listings accumulated because they were not selling quickly.
Buyers shopping here had more choices and more time to decide than at any point in the past five years. The wide supply-demand imbalance gave purchasers leverage on price, inspections, and closing timelines.
Upper Tiers Appreciated While Starter and Bottom Prices Fell
| Price Tier | Median Price (YoY) | Sold (YoY) | DOM (YoY) | % Above List (YoY) |
|---|---|---|---|---|
| Luxury (top 5%) | $2,309,080 (+1.5%) | 213 (+15.8%) | 81 days (+3 days) | 9.4% (+2.9 ppt) |
| High (65th-95th%) | $798,338 (+7.3%) | 919 (+0.8%) | 58 days (+2 days) | 14.3% (-2.3 ppt) |
| Non-luxury (35th-65th%) | $472,728 (+2.0%) | 932 (+5.9%) | 60 days (+2 days) | 17.4% (+1.2 ppt) |
| Starter (5th-35th%) | $331,972 (-0.8%) | 837 (+5.0%) | 64 days (+7 days) | 16.6% (-0.1 ppt) |
| Bottom (bottom 5%) | $211,351 (-3.2%) | 171 (+17.1%) | 73 days (+17 days) | 8.2% (-2.1 ppt) |
Redfin analysis of MLS data • Rolling three-month period (April-June 2026)
The high tier appreciated fastest at about 7% year over year, though above-list activity in that bracket declined roughly 2 percentage points. Luxury properties ($2.31M median) saw strong volume growth at about 16%, but sat on the market for 81 days. The non-luxury middle tier was the only segment where both prices and above-list activity moved higher together.
Starter and bottom-tier prices declined year over year. Starter homes ($331,972 median) fell fractionally while the bottom tier dropped 3.2%. Days on market increased across every tier, with the bottom bracket adding 17 days to reach 73. The bottom tier’s 17% jump in sales volume stands out, but it likely reflects deeply discounted closings rather than renewed demand at those price points. Buyers in the upper tiers faced moderate competition on well-priced properties; those shopping in the lower tiers had ample negotiating leverage.
How Buyers and Sellers Can Navigate Davidson County’s Market
If you’re buying in Davidson County, the 67-day median DOM and nearly 6 months of supply give you concrete leverage at the negotiating table. Inventory is growing, most sales close below asking, and sellers in the starter and bottom tiers are especially unlikely to command premiums. Use those numbers to justify below-list offers, request repair credits, or negotiate closing-cost assistance. Pending sales are declining, so this leverage is likely to persist into fall.
If you’re selling, price your home based on the July comparables, not what your neighbor listed for last spring. More than one in five active listings already carried a price cut, and the average home sold for about 2% below ask. Listings that lingered pushed the age of inventory to 72 days. The market is not rewarding optimism—set an asking price that reflects where buyers are transacting today. Properties in the high and luxury brackets still drew interest, but even those segments saw above-list activity decline.
Davidson County, TN Market Data by Zip Code
Rolling three-month period (May-July 2026). Zip codes with 50+ sales shown.
| Zip | Median Sale Price (YoY) | Sold | New List. | Active | DOM | % Above | Supply |
|---|---|---|---|---|---|---|---|
| 37209 | $629,860 (+2.4% YoY) | 270 | 386 | 824 | 64 | 15.6% | 5.3 |
| 37211 | $439,352 (+0.3% YoY) | 249 | 317 | 706 | 58 | 16.1% | 4.9 |
| 37013 | $342,959 (-8.5% YoY) | 242 | 320 | 619 | 67 | 20.8% | 4.5 |
| 37221 | $534,881 (+5.9% YoY) | 232 | 290 | 542 | 51 | 19.9% | 4.0 |
| 37076 | $421,156 (-2.2% YoY) | 199 | 246 | 515 | 70 | 17.5% | 4.6 |
| 37206 | $727,338 (+0.7% YoY) | 168 | 215 | 424 | 53 | 17.7% | 4.4 |
| 37214 | $394,912 (+5.2% YoY) | 152 | 190 | 346 | 55 | 18.3% | 3.8 |
| 37215 | $1,449,678 (+26.1% YoY) | 151 | 190 | 419 | 69 | 6.8% | 5.5 |
| 37207 | $479,843 (+6.6% YoY) | 150 | 297 | 606 | 81 | 13.0% | 7.5 |
| 37205 | $1,099,756 (-9.1% YoY) | 140 | 180 | 369 | 77 | 10.3% | 5.1 |
| 37216 | $494,890 (-15.6% YoY) | 139 | 178 | 351 | 51 | 18.5% | 4.3 |
| 37072 | $424,906 (+6.4% YoY) | 130 | 180 | 319 | 55 | 18.9% | 4.1 |
| 37138 | $385,914 (-5.5% YoY) | 120 | 196 | 386 | 55 | 15.4% | 6.3 |
| 37115 | $374,917 (+1.6% YoY) | 106 | 207 | 387 | 51 | 17.5% | 6.1 |
| 37204 | $1,267,219 (+6.9% YoY) | 99 | 131 | 281 | 70 | 11.5% | 5.8 |
| 37203 | $639,808 (+16.3% YoY) | 82 | 223 | 563 | 82 | 3.8% | 14.5 |
| 37212 | $974,783 (+4.8% YoY) | 78 | 125 | 266 | 56 | 11.9% | 6.4 |
| 37208 | $523,884 (+1.7% YoY) | 75 | 194 | 434 | 67 | 9.6% | 12.0 |
| 37217 | $312,431 (+6.4% YoY) | 73 | 101 | 193 | 48 | 12.7% | 4.9 |
| 37218 | $409,909 (+1.5% YoY) | 52 | 98 | 197 | 58 | 23.6% | 7.3 |
This article has been generated, in whole or in part, using generative artificial intelligence (AI) technology, with input from Redfin head of economics research Chen Zhao. While efforts have been made to ensure the accuracy and reliability of this information, you should independently verify all data, facts, and citations contained in this article before relying on it for any purpose. This information is not a substitute for advice from a real estate agent, financial advisor, or other licensed professional. County-level data is not seasonally adjusted. Check the Redfin Data Center for additional in-depth housing market data.
