Tennessee real estate — week of May 29, 2026

Strength 4 / 5

$450K

Nashville median price -5.3% YoY

Price-per-sqft also -1.5% YoY, confirming real depreciation vs. mix-shift noise.

Strength 4 / 5

$491K

Hendersonville avg sale price fell back under $500K — now $491K

Dropping back below $500K re-opens a buyer pool that had been priced out — and puts sellers on notice that the last few months' comps are no longer defensible.

Strength 4 / 5

$555K

Collierville avg sale price crossed $500K — now $555K

Crossing $500K is a narrative hinge — buyer shopping-by-price bands and seller list-price anchoring both reset when a market moves past a round number.

Strength 4 / 5

$170K

Memphis median price -7.1% YoY

Price-per-sqft also -13.2% YoY, confirming real depreciation vs. mix-shift noise.

Strength 4 / 5

98 days

Nashville homes taking 98 days to sell — +53.1% vs. a year ago

Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.

Strength 4 / 5

$634K

Farragut median price -11.9% YoY

Price-per-sqft also -3.6% YoY, confirming real depreciation vs. mix-shift noise.

Strength 4 / 5

$475K

Arlington avg sale price fell back under $500K — now $475K

Dropping back below $500K re-opens a buyer pool that had been priced out — and puts sellers on notice that the last few months' comps are no longer defensible.

Strength 4 / 5

97 days

Smyrna homes taking 97 days to sell — +64.4% vs. a year ago

Homes are sitting materially longer than they were this time last year — the first hard sign of softening demand or over-priced inventory.