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Madison, TN 37115 Housing Market

Data snapshot: September 14, 2026. Closed-sale window: last 6 months.
Madison, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.09
ActiveActive listings: 4444PendingPending sales: 44
Madison, TN: what sellers ask vs what buyers pay
Median asking price of current listings vs median closed sale price over the last six months
AskingMedian asking price (current listings): $310k$310kSoldMedian sold price (last 6 months): $355k$355k
What homes actually sell for in Madison, TN
Distribution of 271 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $266k to $415k
$143k to $198k: 13 sales$143k$198k to $253k: 32 sales$253k to $307k: 37 sales$253k$307k to $362k: 48 sales$362k to $416k: 63 sales63sales$362k$416k to $471k: 31 sales$471k to $525k: 13 sales$471k$525k to $580k: 7 salesMedian $355k

What the numbers say

As of September 14, 2026, Resideline is tracking 44 active listings and 4 pending sales in ZIP code 37115. That pending-to-active ratio of 0.09 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $309,994, while the median of the 271 closed sales Resideline tracked over the last six months was $355,000. Those two figures describe different sets of homes, so any gap between them reflects the mix of what is listed now versus what recently sold, not a negotiating discount. Resideline has been seeing the median active listing in 37115 for 70 days.

Frequently asked questions

What is the median home price in 37115?

The median closed sale price in Madison, TN 37115 was $355,000 over the last six months, based on 271 closed sales tracked by Resideline. The middle half of those sales ranged from $266,350 to $415,000.

Is 37115 a buyer's or seller's market?

Resideline is currently tracking 4 pending sales against 44 active listings in 37115, a pending-to-active ratio of 0.09. Ratios of 0.6 or higher usually indicate a seller's market, 0.35 to 0.6 a competitive market, and lower values a more balanced one. By that yardstick, 37115 currently looks like a balanced market.

Nearby ZIP code market data

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