Is Rutherford County, TN a buyer’s or seller’s market?
Housing Market Conditions
Neutral
Market
Seller's
Market
Buyer's
Market
Difference Since August 2022
Since last year, Rutherford County has remained a Seller's Market.
Key Takeaway
Rutherford County is a Sellers Housing Market, which means prices tend to be higher and homes sell faster.
Housing Prices
How much do homes in Rutherford County, TN cost?
Median Sold Price
$400,673
$211/sqft
Based on all homes sold in the last 12 months.
Difference Since August 2022
Key Takeaway
The sold price of homes in Rutherford County has remained the same since last year.
Summary: The median home sold price in Rutherford County was $400,673 in August 2023, up 0.2% from last year, and the median price per square foot was $211.
Median Sold Price By Bedroom Count
| # BEDS# BEDROOMS | Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | $150K | $136K | -9.3% |
| 2 Bedrooms | $258.1K | $275K | +6.5% |
| 3 Bedrooms | $365.5K | $369.8K | +1.2% |
| 4 Bedrooms | $500.2K | $502.3K | 0.4% |
| 5+ Bedrooms | $561.9K | $593.9K | +5.7% |
Summary: Rutherford County housing prices by bedroom type for August 2023 compared to the previous year: The home price of 1 bedroom homes decreased by 9.3%, 2 bedroom homes increased by 6.5%, 3 bedroom homes increased by 1.2%, 4 bedroom homes increased by 0.4%, and 5+ bedroom homes increased by 5.7%.
Median Sold Price Compared To Nearby Counties
| Williamson County | $790.8K | $817.1K | +3.3% |
| Bedford County | $298.8K | $304.7K | +2.0% |
| Wilson County | $448.5K | $449.9K | 0.3% |
| Rutherford County | $399.8K | $400.6K | 0.2% |
| Cannon County | $303K | $300K | -1.0% |
Housing Supply
How many homes are available in Rutherford County, TN?
Number of Homes For Sale
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 1,650 | 1,660 | +0.6% |
Summary: The Rutherford County real estate market had 1,660 homes for sale in August 2023, a 0.6% increase compared to July 2023.
Homes For Sale By Bedroom Count
| # BEDS# BEDROOMS | Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|---|
| 1 Bedroom | 1 | 2 | +100.0% |
| 2 Bedrooms | 140 | 162 | +15.7% |
| 3 Bedrooms | 771 | 725 | -6.0% |
| 4 Bedrooms | 603 | 619 | +2.7% |
| 5+ Bedrooms | 135 | 152 | +12.6% |
Summary: The Rutherford County housing inventory by bedroom type for August 2023 compared to the previous month: The inventory of 1 bedroom homes increased by 100%, 2 bedroom homes increased by 15.7%, 3 bedroom homes decreased by 6%, 4 bedroom homes increased by 2.7%, and 5+ bedroom homes increased by 12.6%.
Number of Homes Sold
| Jul 2023 | Aug 2023 | CHANGE |
|---|---|---|
| 416 | 404 | -2.9% |
Asking Price vs. Sold Price
158 Homes Were Sold
Under Asking
144 Homes Were Sold
At Asking
83 Homes Were Sold
Over Asking
Key Takeaway
If you're buying a home in Rutherford County, you may be able to get a good deal. 41% of homes here sold below asking price last month.
Summary: A total of 404 homes were sold or pending in Rutherford County in August 2023, down by 2.9% month-over-month. Of the 385 sold homes, 41% were sold under asking, 37% were sold at asking, and 22% were sold over asking.
Days on Market
How long does it take to sell a home in Rutherford County, TN?
Average Sale Time
| Aug 2022 | Aug 2023 | CHANGE |
|---|---|---|
| 10 Days | 22 Days | +112.3% |
Summary: Homes in Rutherford County had an average of 22 days on market in Aug 2023, up by 112.3% compared to last year.
Breakdown of Home Sale Times
324 Homes Were Sold
Under 30 Days
52 Homes Were Sold
In 30 - 90 Days
27 Homes Were Sold
Over 90 Days
Key Takeaway
Many homes in Rutherford County are selling fast, if you're buying plan to act quickly.
Summary: During August 2023, 404 homes were sold in Rutherford County; 80% of homes were sold within 30 days, 13% of homes were sold within 30 to 90 days, and 7% of homes were sold over 90 days.
Listings courtesy of RealTracs Middle Tennessee Regional MLS as distributed by MLS GRID.
© 2023 of the REALTRACS MLS. All rights Reserved. 
The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (“IDX”) program of the Knoxville Area Association of REALTORS® Multiple Listing Service. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Some or all of the listings may not belong to the firm whose website is being visited. Real estate listings held by brokerage firms other than this broker are indicated by detailed information about them such as the name of the listing firms.