Are Home Prices Rising or Falling in Blackman, TN?

Blackman, a neighborhood in Murfreesboro, TN, has seen prices hold nearly steady over the past year, with the median edging up about 1% to $516,928. Here's what's driving it and what it means for buyers and sellers.

The National Picture

As of the 3 months ending August 2026, the national median home sale price is approximately $399K, up about 2% from the previous year. Affordability is trending in a positive direction nationally: the typical household earns about $88,000 and now devotes roughly 34% of income to housing, down from about 36% a year ago. About 20% of listings have had price reductions, and there are roughly 4 months of supply across the country.

Home Prices in the Nashville Area

The broader Nashville metro median is about $480,000, up just 0.3% year over year. A typical metro household earns roughly $96,000 and puts about 36% toward housing, a share that has declined about 1.5 percentage points. In Murfreesboro specifically, the median is about $430,000, down about 1%. Blackman's median of $517,000 sits above both the Murfreesboro and Nashville metro figures, placing it in the upper tier of the local market.

Prices Are Holding Steady in Blackman

Blackman's median sale price ticked up about 1% to $516,928, essentially flat in practical terms. About 39% of listings carry a price cut, one of the higher rates among Murfreesboro neighborhoods. Homes sell at roughly 98% of list price, and only about 10% of sales closed above asking. Nearby West Murfreesboro, with a median around $399,000, saw a similar modest gain of about 2%. Three Rivers, at $394,000, moved in the opposite direction with prices down about 4%.

Why Are Prices Flat in Blackman?

Shrinking inventory has not translated into price gains because buyer demand has also pulled back. Active listings fell about 13%, a notable contraction, but pending sales dropped even more steeply at about 28%. That mismatch has left about 5.4 months of supply on the market, near the balanced level. Homes sit a median of 68 days, up 6 days from a year ago. The combination of fewer listings and fewer buyers has effectively canceled out, keeping prices flat. Three Rivers, where supply has ballooned to over 9 months, shows what happens when demand does not keep up — prices there have started to decline.

Limited to neighborhoods with at least 10 home sales in the period.

All data comes from Redfin and represents a three-month rolling average 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.