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Madison Neelys Bend

MADISON, TN 37115

Real Estate Market Report  ·  Davidson County
Balanced Market
February 2026  ·  Source: Realtor.com

Neighborhoods in ZIP 37115

Madison · Neelys Bend

Market Analysis

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

The MADISON, TN real estate market (37115) currently shows 189 active listings, with 48 pending sales. Homes are averaging 47 days on the market before going under contract.

Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice.

Homes are selling faster, averaging 47 days on market compared to 49 days last year.

The median listing price has fallen 8.8% year-over-year, from $425,000 to $387,585.

Whether you are buying or selling in MADISON, TN, SELL123.com can help you save significantly on commission — typically 2% compared to traditional 5% broker fees. Call (240) SELL-123 for a free consultation.

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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
189
⇧ 16.7% vs 162 last year
Pending
48
25% pending ratio
Median Price
$387,585
⇩ 8.8% vs $425,000 last year
Average Price
$473,408
⇧ 3.1% vs $459,358 last year
Days on Market
47
⇩ 4.1% vs 49 days last year

Price Per Square Foot

Median $/sqft
$235
⇩ 6% vs $250/sqft last year
Median Home Size
1,617 sqft
Typical listing size
12-Month $/sqft Trend

Market Trends

Inventory & Days on Market

Year over Year
  • Listings: 189 this year vs 162 last year
  • Days on market: 47 now vs 49 last year

Median & Average Pricing

Year over Year
  • Median: $387,585 (-8.8% YoY)
  • Average: $473,408 (+3.1% 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 — 1,772 listings ($1,369,575,039 combined market value)
Zip City / State Distance Listings Market Value Median $ Average $
37115Madison, TN 371150.0 mi181$68,448,589$378,583$378,169
37138Old Hickory, TN 371384.3 mi115$72,682,300$440,000$632,020
37206Nashville, TN 372065.4 mi148$132,897,636$725,000$897,957
37072Goodlettsville, TN 370727.6 mi127$71,478,521$421,300$562,823
37189Whites Creek, TN 371897.6 mi13$12,294,295$570,000$945,715
37219Nashville, TN 372197.8 mi23$16,840,531$529,900$732,197
37208Nashville, TN 372088.3 mi202$142,074,882$605,000$703,341
37076Hermitage, TN 3707610.0 mi211$110,616,328$499,999$524,248
37217Nashville, TN 3721710.3 mi85$29,607,965$325,000$348,329
37218Nashville, TN 3721811.3 mi110$67,078,990$550,000$609,809
37211Nashville, TN 3721113.0 mi299$153,149,594$449,900$512,206
37073Greenbrier, TN 3707313.7 mi81$45,496,161$425,950$561,681
37205Nashville, TN 3720514.0 mi177$446,909,247$1,195,000$2,524,911

Frequently Asked Questions

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

As of February 2026, there are 189 active listings in MADISON, TN (zip code 37115), compared to 162 the prior year.

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

The median listing price in MADISON, TN 37115 is $387,585 as of February 2026, a 8.8% decrease from $425,000 the prior year.

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

Homes in MADISON, TN 37115 spend an average of 47 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 February 2026, MADISON, TN 37115 is currently a Balanced Market. Inventory has increased compared to last year, with 27 more homes available — giving buyers more choice. Homes are selling faster, averaging 47 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 $7,752 compared to a typical 5% commission on the median listing price of $387,585. 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.