Donelson & Hermitage Real Estate Market Update: Fall 2026

Every week someone asks me some version of "How's the market?" For Donelson and Hermitage right now, the honest answer is that it depends on which number you look at. Prices are higher than a year ago. Fewer homes are selling. And more homes are sitting on the market. All three are true at the same time, so here's what that actually means for you.

The numbers below are for single-family homes in 37214 (Donelson) and 37076 (Hermitage), comparing September 2026 with September 2025, from Realtracs, our local MLS.

Prices are up, with a caveat

The median sale price in Donelson rose from $408,000 to $445,000, about 9%. In Hermitage it rose from $430,000 to $448,665, about 4%.

Here's the caveat. Donelson had 33 sales in September. With a sample that small, a few higher-priced homes can move the median. I'd read this as "prices are holding and edging up," not "every home in Donelson gained 9% this year."

Fewer homes are selling

Closings dropped in both areas: from 37 to 33 in Donelson, and from 61 to 50 in Hermitage. New listings fell too, from 69 to 57 in Donelson and from 103 to 74 in Hermitage. Fewer people are listing, and fewer are buying.

More homes to choose from

Active inventory grew from 112 to 123 homes in Donelson and from 185 to 223 in Hermitage.

The number I watch most is months of supply: how long it would take to sell every home on the market at the current pace. A year ago it was under 4 months in both areas. Today it's 4.4 in Donelson and 5.2 in Hermitage. In plain terms, last year sellers had the edge. Today it's much closer to even, especially in Hermitage.

The gap sellers need to see

The average home currently for sale is listed at $513,439 in Donelson and $527,633 in Hermitage. The average home that actually sold went for $483,942 in Donelson and $470,904 in Hermitage.

Some of that gap is normal, since the homes for sale aren't the same homes that sold. But it also tells me a lot of sellers are still pricing to last year's market. The homes that sell are priced to recent comparable sales, not to hope. I wrote more about that in How to Know What Your Nashville Home Is Really Worth.

How long it's taking

On average, homes in both areas took 68 days to go under contract. That's 9 days slower than last year in Donelson and 9 days faster in Hermitage. After that, closings took about five to six weeks. If you're selling, plan on roughly three and a half to four months from listing to closing.

What this means if you're selling

• Price to recent sales, not to what a neighbor got last year. Your first two weeks on the market matter most.
• Condition and presentation matter more when buyers have choices. You don't have to remodel, but you do have to show well. My post on selling a longtime Nashville home covers what's worth fixing.
• Expect a real negotiation, especially in Hermitage.

What this means if you're buying

• You have more choices and less competition than you did a year ago.
• Homes that have been on the market a while often leave room to negotiate on price, repairs or closing costs.
• Prices haven't dropped. Waiting for a big decline isn't what this data shows.

The bottom line

This is a calmer, more balanced market than we've had in a while, and that's good news for anyone who wants to make a careful decision instead of a rushed one. If you'd like to know what these numbers mean for your street or your price range, call or text me at 615-260-0521. I'm glad to walk you through it, whether you're moving this year or just curious.

If you're weighing the two areas against each other, my Donelson vs. Mount Juliet comparison is a good next read.

Source: Realtracs, single-family homes, ZIP codes 37214 and 37076, September 2025 and September 2026. Report date October 14, 2026.