Tennessee Housing Market Sees Mixed Trends in Q4 2025

MTSU report shows home prices rising statewide, but uneven conditions across metro areas

Apr. 3, 2026 at 3:54pm

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An abstract composition of overlapping triangles and rectangles in shades of blue, red, and yellow, conceptually representing the uneven growth trends in Tennessee's regional housing markets.Geometric data visualization illustrates the mixed housing market conditions across Tennessee's metro areas.Johnson City Today

According to a new report from Middle Tennessee State University, Tennessee's housing market showed mixed but stable conditions in the fourth quarter of 2025. Home prices continued to rise statewide, but several metropolitan areas experienced slight quarterly price declines, highlighting uneven price trends across the state.

Why it matters

The MTSU report provides valuable insights into the health and trends of Tennessee's housing market, which is a key economic indicator for the state. Understanding the nuanced conditions across different metro areas can help policymakers, real estate professionals, and consumers make more informed decisions.

The details

The report found that home prices in Tennessee rose by 0.7% over the quarter, while national home prices increased slightly faster at 1.2%. While the majority of metro areas saw positive price growth, a few markets recorded modest declines. The Jackson MSA saw the largest quarterly increase at 4%, followed by Johnson City at 3% and Kingsport-Bristol at 2.5%. Memphis, Chattanooga, Cleveland, and Nashville all experienced more moderate growth ranging from 0.9% to 2.1%.

  • The report covers housing market conditions in Tennessee during the fourth quarter of 2025.

The players

Murat Arik

Director of the MTSU Business and Economic Research Center in the Jones College of Business and author of the report.

Middle Tennessee State University

The university that produced the statewide housing market report.

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What they’re saying

“Home prices continued to rise statewide, although several metropolitan areas experienced slight quarterly price declines, highlighting uneven price trends across the state.”

— Murat Arik, Director of the MTSU Business and Economic Research Center

The takeaway

The mixed housing market conditions across Tennessee underscore the importance of analyzing data at the metro level to understand the nuanced trends impacting different regions of the state. This information can help guide policymakers, real estate professionals, and consumers as they make decisions about the housing market.