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Madison Neelys Bend

MADISON, TN 37115

Real Estate Market Report  ·  Davidson County
Buyer's Market
September 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 37115

Madison · Neelys Bend

Market Analysis

Data as of September 2026. Source: Realtor.com.

The MADISON, TN real estate market (37115) currently shows 250 active listings, with 76 pending sales. Homes are averaging 56 days on the market before going under contract.

Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice.

Homes are taking longer to sell, averaging 56 days on market compared to 49 days last year.

The median listing price has fallen 3.9% year-over-year, from $381,175 to $366,425.

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Market Context

Market Context

Population: 41,926  ·  Density: 754.4/mi²  ·  Median household income: $55,313

Typical home value: $246,951  ·  Homeownership: 42.8%

Market Overview

Active Listings
250
⇧ 6.8% vs 234 last year
Pending
76
30% pending ratio
Median Price
$366,425
⇩ 3.9% vs $381,175 last year
Average Price
$390,285
⇩ 4.3% vs $407,628 last year
Days on Market
56
⇧ 14.3% vs 49 days last year

Price Per Square Foot

Median $/sqft
$229
⇩ 4.2% vs $239/sqft last year
Median Home Size
1,426 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 250 this year vs 234 last year
  • Days on market: 56 now vs 49 last year

Median & Average Pricing

Year over Year
  • Median: $366,425 (-3.9% YoY)
  • Average: $390,285 (-4.3% YoY)

12-Month Price Trend

Median & Average
  • Median and average listing prices over the past 12 months

12-Month Inventory Trend

Active & Pending
  • Active and pending listing counts over the past 12 months

Historical Trend Charts

Median Price
Average Price
Days on Market
Total Listings
Pending Listings
Active Listings
New Listings
Price Per Sqft
Price Reduced %

Nearby Real Estate Markets

Median Price Legend:
< $250K
$250K–$500K
$500K–$1M
$1M–$2M
> $2M
25 Nearby Zip Code Markets within 14.0 miles — 1,901 listings ($1,417,007,806 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
37115Madison, TN 371150.0 mi189$89,474,112$387,585$473,408
37138Old Hickory, TN 371384.3 mi128$84,695,936$459,900$661,687
37206Nashville, TN 372065.4 mi171$151,714,278$749,925$887,218
37072Goodlettsville, TN 370727.6 mi136$74,204,320$397,400$545,620
37189Whites Creek, TN 371897.6 mi14$12,260,654$524,990$875,761
37219Nashville, TN 372197.8 mi25$18,652,175$588,724$746,087
37208Nashville, TN 372088.3 mi205$140,308,970$599,900$684,434
37076Hermitage, TN 3707610.0 mi243$125,609,130$497,733$516,910
37217Nashville, TN 3721710.3 mi88$29,813,784$314,250$338,793
37218Nashville, TN 3721811.3 mi123$73,912,299$529,995$600,913
37211Nashville, TN 3721113.0 mi318$165,864,666$449,950$521,587
37073Greenbrier, TN 3707313.7 mi92$48,468,452$419,700$526,831
37205Nashville, TN 3720514.0 mi169$402,029,030$1,222,500$2,378,870

Frequently Asked Questions

How many homes are for sale in MADISON, TN 37115?

As of September 2026, there are 250 active listings in MADISON, TN (zip code 37115), compared to 234 the prior year.

What is the median home price in MADISON, TN 37115?

The median listing price in MADISON, TN 37115 is $366,425 as of September 2026, a 3.9% decrease from $381,175 the prior year.

How long do homes stay on the market in MADISON, TN?

Homes in MADISON, TN 37115 spend an average of 56 days on the market before going under contract, compared to 49 days the prior year.

Is it a seller's or buyer's market in MADISON, TN 37115?

Based on current inventory and days-on-market data as of September 2026, MADISON, TN 37115 is currently a Buyer's Market. Inventory has increased compared to last year, with 16 more homes available — giving buyers more choice. Homes are taking longer to sell, averaging 56 days on market compared to 49 days last year.

How much can I save on real estate commission in MADISON, TN?

With SELL123.com's maximum 3% commission, sellers in MADISON, TN 37115 save an estimated $7,329 compared to a typical 5% commission on the median listing price of $366,425. Our fee structure: 1% listing + 2% selling broker — no additional buyer or seller fees. Call (240) SELL-123 or email info@SELL123.com for a free consultation.