Months of supply climbed to 5.08 — up from 4.64 a year ago — while sale prices rose year over year, giving buyers more selection and making strategy essential for sellers heading into the holiday season.
Middle Tennessee closed out the third quarter with more balanced conditions than a year ago. The average sale price reached $670,889 in September 2026, up 8% from $623,556 in September 2025, while the median sale price rose 4% to $471,402.
The Takeaway
Fewer homes are coming to market, but the ones listed are taking longer to sell. That combination is pushing inventory up and giving buyers more room to negotiate, while prices continue to climb.
Middle Tennessee Market Snapshot – September 2026
Average Sale Price
$670,889
▲ 8% year over year
Median Sale Price
$471,402
▲ 4% year over year
Months of Supply
5.08
Up from 4.64 last September
4,744
New Listings
▼ 16% YoY
2,450
New Under Contract
▼ 5% YoY
2,688
Closings
▼ 5% YoY
11,626
Active Inventory
▲ 6% YoY
15,965
Total Inventory
▲ 3% YoY
36
Avg. Days on Market
Up from 33
Home Prices Continue to Climb
Middle Tennessee home values kept rising in September, even as transaction volume softened. The average sale price of $670,889 was up 8% from a year ago, and the median of $471,402 was up 4%. The average list price for active homes reached $852,799, a 4% increase.
The average rising twice as fast as the median points to a larger share of higher-priced sales — particularly in Williamson County's luxury communities — rather than an across-the-board 8% gain in home values. As always, performance varies by neighborhood, price point, property type, and condition.
Fewer New Listings, Longer Time to Contract
The biggest shift in September wasn't on the supply side — it was in pace. New listings fell 16% from a year ago to 4,744, yet active inventory still grew 6% to 11,626 homes. The reason: homes are taking longer to go under contract. The average time from list to contract stretched to 61 days, up from 55 last September.
List to Contract
55 → 61 days
List to Closed
98 → 101 days
Buyers are still writing offers — 2,450 homes went under contract in September — but they are being selective, concentrating on homes with the strongest combination of location, condition, pricing, and value. Closings totaled 2,688, down 5% from a year ago.
Buyer Tip
Homes that have been on the market for an extended period may come with room to negotiate — price adjustments, closing-cost assistance, or rate-buydown contributions. But well-maintained, well-priced homes in desirable locations still move quickly, so stay ready to act.
Williamson County Continues to Lead in Home Values
Williamson County remained the region's highest-priced market in September, supported by demand for homes in Franklin, Brentwood, College Grove, Arrington, Nolensville, and the surrounding communities. The county's average sale price topped $1.4 million, with the median holding above $1 million.
Williamson County · September 2026
$1,423,907
Average Sale Price
