Is Rutherford County, TN a buyer’s or seller’s market?

Housing Market Conditions



Gauge showing Rutherford County is a seller'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



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

# BEDSAug 2022Aug 2023CHANGE
1 $150K$136K
2 $258.1K$275K
3 $365.5K$369.8K
4 $500.2K$502.3K
5+ $561.9K$593.9K

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
Bedford County
Wilson County
Rutherford County
Cannon County

Housing Supply

How many homes are available in Rutherford County, TN?

Number of Homes For Sale

Jul 2023Aug 2023CHANGE

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

# BEDSJul 2023Aug 2023CHANGE
1 12
2 140162
3 771725
4 603619
5+ 135152

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 2023Aug 2023CHANGE

Asking Price vs. Sold Price

158 Homes Were Sold
Under Asking

144 Homes Were Sold
At Asking

83 Homes Were Sold
Over Asking

Asking vs Sold - buyer

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 2022Aug 2023CHANGE
10 Days22 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

Breakdown of Home Sale Times

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.

Housing Market Reports are calculated by Rocket Homes Real Estate and based on information from the MLS.

Report Updated 27 Days Ago

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Nearby Markets

What housing markets are near Rutherford County, TN?