Are Home Prices Rising or Falling in Goodlettsville, TN?
Home prices in Goodlettsville, a city near Nashville, TN, have held nearly flat over the past year while inventory has grown. Here's why prices are moving this way and what it means on the ground.
The National Picture
Nationally, the median home sold for $398,596 in the 3 months ending August 2026, a 2% increase year over year. The typical American household earns about $87,599 and devotes roughly 34% of income to housing costs, an improvement of about 2 percentage points from a year ago. Homes sit on the market for a median of 50 days, roughly 20% of active listings have been reduced, and there are about 4 months of supply.
Home Prices in the Nashville Area
The Nashville metro's median sale price is about $480,000, barely changed from last year. A typical household across the metro earns around $96,448 a year, with about 36.3% going toward housing — down 1.5 percentage points from a year ago. Goodlettsville, priced well below that metro median, may be more within reach for buyers earning the area's typical income.
Prices Hold Steady as Inventory Builds
Goodlettsville's median sale price of $398,236 is essentially flat from a year ago, slipping less than 1%. But the dynamics underneath have shifted. Active listings climbed about 11% and new listings rose 16%, yet nearly 40% of those listings now carry a price cut. Homes sell in a median of 52 days, and about 17% closed above asking. In nearby Hendersonville, prices edged up 2%, while Gallatin posted a 5% gain.
Why Are Prices Flat in Goodlettsville?
Rising supply has met stronger demand, keeping prices in check. Pending sales jumped about 36% from last year, absorbing much of the new inventory. But with 4.6 months of supply and 40% of listings reduced, sellers are competing harder for buyers' attention. The result is a market where prices have stabilized rather than climbed, giving buyers more options and room to negotiate.
| City | Median Price | Price YoY | Price Drops | Months of Supply |
|---|---|---|---|---|
| Goodlettsville ★ | $398,236 | -0.9% | 39.9% | 4.6 |
| Hendersonville | $534,646 | +1.8% | 39.3% | 4.6 |
| White House | $389,642 | -0.1% | 30.7% | 4.3 |
| Gallatin | $447,154 | +5.2% | 35.2% | 4.8 |
| Portland | $329,772 | +3.1% | 29.7% | 4.9 |
| La Vergne | $378,549 | +2.3% | 33.4% | 4.6 |
Limited to cities with at least 10 home sales in the period.
All data comes from Redfin and represents a 3 months 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.
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