Nashville TN Real Estate Market: Luxury Market Update
Davidson County | September 2026 | $750,000 – $1,499,999
DAVIDSON COUNTY SEPTEMBER 2026 OVERVIEW
Here is where the Nashville TN real estate market stands for luxury homes this month. This Nashville luxury market update covers September 2026, when Davidson County’s $750,000–$1,499,999 homes traded fewer houses but held their value: 72 sales closed, and months of supply edged up from 5.4 to 5.6.
Value per square foot firmed: the average sold price per square foot rose to $376, while the median sale price eased to $885,000 because smaller homes made up more of the month’s sales.
Performance varied by price point — the $900K–$1.05M band held up best across the quarter, while the $1.2M–$1.35M band stretched to 16.3 months of supply.
This report covers Davidson County’s $750K–$1.499M luxury market. For homes from $1.5M to $5M, read the Ultra-Luxury Market Update.
For every $1M+ sale over the past 12 months in Belle Meade, Green Hills, Forest Hills and Oak Hill, see the Nashville Luxury Home Sales Tracker.
KEY SEPTEMBER 2026 METRICS
- 129New listings ($750K–$1.499M)
- 72Closed sales
- $954,186Average sale price
- $885,000Median sale price
- $376Average sold price per square foot
- $362Median sold price per square foot
- 96.9%Average sale-to-list ratio
- 72Median days on market
- 402Active listings
MARKET LIQUIDITY & BUYER DEMAND
September closed with 50 homes under contract and 5.6 months of supply, keeping the segment balanced, with buyers holding more room to negotiate than earlier in the year.
Buyer competition kept cooling: 35% of sales closed at or above list, down from 39% in August and 47% in July. The $900K–$1.05M band lost the least volume across the quarter, while homes between $1.35M and $1.5M sold at a 94.6% median sale-to-list ratio after a 122-day median time on market.
September 2026 vs. August 2026
- Closed sales: 72 vs. 75 (−4%)
- Median sale price: $885,000 vs. $965,000 (−8.3%)
- Average sale price: $954,186 vs. $997,191 (−4.3%)
- Average sold price per square foot: $376 vs. $370 (+1.6%)
- Sale-to-list ratio: 96.9% vs. 97.1% (−20 bps)
- Sales at or above list: 35% vs. 39% (−4 pts)
- Median days on market: 72 vs. 65 (+7 days)
Segment definition: single-family and residential listings in Davidson County, Tennessee, priced from $750,000 to $1,499,999. Reporting period September 1–30, 2026, benchmarked against August 2026 and Q2 2026. Data source: RealTracs MLS export, Davidson County; active and under-contract counts reflect an October 2026 snapshot.
DOWNLOAD FULL SEPTEMBER 2026 LUXURY MARKET REPORT
NOTABLE SEPTEMBER ACTIVITY
- 1712 Old Hickory Boulevard, Forest Hills — Listed at $1,499,999
- 216 Lauderdale Road, Cherokee Park — Sold at $1,351,000 (122.8% of list, closed 34 days after listing)
1712 Old Hickory Boulevard, the only Forest Hills home listed in the segment, is offered at $1,499,999 after coming to market at $1,549,000, while 216 Lauderdale Road in Cherokee Park closed at $1,351,000, 122.8% of list price, 34 days after listing.
NASHVILLE LUXURY MARKET UPDATE: SEPTEMBER INSIGHTS
- 129 new listings entered the market, up from 107 in August.
- 72 luxury sales closed in September.
- Average sold price per square foot rose to $376.
- 35% of sales closed at or above list.
- Months of supply edged up to 5.6.
Sellers should price on value per square foot, not last month’s median, and launch at the right number from day one, especially between $1.2M and $1.5M, where homes are taking the longest to sell. Buyers have the most negotiating room above $1.35M, while homes between $900K and $1.2M continue to sell close to asking.
The $750K–$1.5M tier represents Davidson County homes positioned above the broader market and below the separate ultra-luxury segment, offering meaningful luxury choices.
RECEIVE THE MONTHLY NASHVILLE LUXURY MARKET UPDATE
Monthly insights on pricing trends, inventory shifts, buyer demand, and notable luxury activity across Davidson County.
