Are Home Prices Rising or Falling in Green Hills, TN?

Home prices in Green Hills, a neighborhood in Nashville, TN, have surged over the past year, climbing nearly 40% to a median of $1.25 million. Here's what's driving it and what it means for buyers and sellers.

The National Picture

In the latest data through August 2026, the national median home sale price is about $399K, rising about 2% from the prior year. The typical American household earns roughly $88,000 and now devotes about 34% of that income to housing costs — down from roughly 36% a year ago, a modest improvement in affordability. Nationally, homes spend a median of 50 days on market, and about 20% of listings have had a price reduction.

Home Prices in the Nashville Area

Nashville-area home prices are nearly flat, with the metro median ticking up just 0.3% to about $480,000. The typical household across the Nashville metro earns roughly $96,000 a year and spends about 36% of income on housing, down around 1.5 percentage points from a year ago. Housing still commands a large share of local incomes, but the slight dip suggests affordability pressure has at least stopped worsening.

Prices Are Climbing Fast in Green Hills

Green Hills stands out in the Nashville market with a nearly 40% year-over-year jump in its median sale price, reaching $1,259,392 in the 3 months ending August 2026. At that level, it is well over twice the metro median and more than three times the national median. About 36% of listings have seen a price cut, and homes sell at roughly 97% of list price, so sellers are not getting full asking on every deal. Only about 9% of sales closed above list price. Nearby Green Hills-Midtown saw a similarly strong 29% gain to a median of about $1.18M, while West Meade moved in the opposite direction, with prices dropping about 30%.

Why Are Prices Surging in Green Hills?

A shift toward higher-end sales is likely driving much of the price increase. Pending sales rose about 13%, one of the stronger demand signals in the Nashville metro, even as active listings grew about 18%. With 5.6 months of supply and homes sitting a median of 77 days on market (up 21 days from a year ago), the market is not moving especially fast. The gain likely reflects the mix of homes trading rather than broad bidding pressure. A metro-area household earning the typical $96,000 would need well above that income to afford a home here, placing Green Hills firmly in the premium tier of the Nashville market.

Limited to neighborhoods with at least 10 home sales in the period.

All data comes from Redfin and represents a three-month rolling average ending August 2026. 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. Check the Redfin Data Center for additional in-depth housing market data.