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Madison, TN 37115 Housing Market

Data snapshot: October 5, 2026. Closed-sale window: last 6 months.
Madison, TN inventory balance
Homes for sale vs homes under contract. Pending-to-active ratio: 0.04
ActiveActive listings: 4747PendingPending sales: 22
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): $340k$340kSoldMedian sold price (last 6 months): $350k$350k
What homes actually sell for in Madison, TN
Distribution of 287 closed sale prices over the last six months (5th to 95th percentile). Middle half of sales: $266k to $410k
$136k to $188k: 16 sales$136k$188k to $240k: 23 sales$240k to $291k: 33 sales$240k$291k to $343k: 43 sales$343k to $395k: 62 sales62sales$343k$395k to $446k: 57 sales$446k to $498k: 16 sales$446k$498k to $550k: 8 salesMedian $350k

What the numbers say

As of October 5, 2026, Resideline is tracking 47 active listings and 2 pending sales in ZIP code 37115. That pending-to-active ratio of 0.04 points to a balanced market: buyers have room to compare options and negotiate.

The median asking price of current listings is $339,900, while the median of the 287 closed sales Resideline tracked over the last six months was $350,000. 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 73 days.

Frequently asked questions

What is the median home price in 37115?

The median closed sale price in Madison, TN 37115 was $350,000 over the last six months, based on 287 closed sales tracked by Resideline. The middle half of those sales ranged from $266,000 to $410,000.

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

Resideline is currently tracking 2 pending sales against 47 active listings in 37115, a pending-to-active ratio of 0.04. 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

Full Madison, TN housing market report →

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